Have you ever wondered how long you should keep your tax records? Three years may be the golden rule, but some documents may need to stick around longer.
Did you file before the tax deadline? If so, you may be asking yourself, “Where’s my tax refund?” In general, the Internal Revenue Service (IRS) will issue most tax refunds
The Earned Income Tax Credit (EITC) can give taxpayers with low-to-moderate income a substantial financial boost. According to the Internal Revenue Service (IRS), the average credit amount was $2,476 in
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