Seven Reasons Taxpayers Should E-file Their Taxes in 2017
Taxpayers who still file paper returns may find now is the best time to switch to e-file. Last year, over 85 percent of taxpayers filed their taxes electronically. E-file is the fastest and safest way to file. Top Seven Reasons to File Electronically in 2017 1. Accurate and Easy IRS e-file is the best way […]
Claim The Earned Income Tax Credit
The Earned Income Tax Credit (EITC) has helped workers with low and moderate incomes get a tax break for over 40 years. Yet, one out of every five eligible workers fails to claim it. What Taxpayers Should Know About the EITC Review Your Eligibility Taxpayers who worked and earned under $53,505 may qualify for EITC. […]
How Exemptions and Dependents Can Reduce Taxable Income
Most taxpayers can claim an exemption for themselves and reduce their taxable income on their tax return. They may also be able to claim an exemption for each of their dependents. Each exemption normally allows them to deduct $4,050 on their 2016 tax return. Key Points on Dependents and Exemptions 1. Personal Exemptions Taxpayers can […]