The Earned Income Tax Credit can provide a financial boost to those with low-to-moderate incomes. See if you are eligible to take this refundable tax credit.
Many U.S. citizens have overseas financial accounts for various legitimate reasons. Since most of those foreign financial institutions are not subject to the same reporting requirements as U.S. institutions, the
The IRS is putting cryptocurrency front and center this tax season. One of the first questions you’ll see on your tax return is, “At any time during 2020, did you
Raising children is an expensive endeavor. The cost of food, clothing, childcare, and other necessities can certainly take a toll on a family’s budget. That’s why Congress created the Child
It’s tax season again. That means you’ll need to decide whether to use the standard deduction or itemized deductions when completing your taxes this year. Although the decision may be
Individuals who did not receive the first, second, or both Economic Impact Payments (also known as stimulus checks) may still get their money through the Recovery Rebate Credit, but don’t
If you were one of the millions who earned money through a hobby this past year, be sure you know the rules regarding hobby income and taxes. When the coronavirus