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Taxpayers who aren’t eligible for the child tax credit should look into the credit for other dependents

The credit for other dependents is a tax credit available to taxpayers for each of their qualifying dependents who can’t be claimed for the child tax credit. The maximum credit amount is $500 for...

Top 4 reasons to join a 401(k) plan

A 401(k) is one of the best ways to build your nest egg for retirement.  Employees who sign up can have a portion of each paycheck automatically withdrawn and invested.  Some employers...

Smart year-end tax moves to make right now

With the end of the year rapidly approaching, it’s time to start thinking about next year’s taxes.  The moves you make today will impact how much taxes you pay in April.  Here are some...

Year-end financial checklist

Before the year comes to a close, there are some things you need to do before you kiss 2021 goodbye.  Doing some year-end planning can prevent you from wasting money...and help set you up for...

Fun ways to celebrate Halloween at home

Until COVID-19 is behind us, the safest way to celebrate the holidays is virtually or with people you live with.  Although Halloween may look a bit different than you’re used to, you can still...
3 types of debts to avoid at all costs

3 types of debts to avoid at all costs

Most people have some form of debt whether it’s a car, mortgage, etc.  As long as you’re making your monthly payments on time, it’s not a big deal.  It can even help build credit history and boost your credit score.  However, there are some types of debt that can...

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What to know about coronavirus unemployment benefits

What to know about coronavirus unemployment benefits

The latest relief bill has expanded the unemployment benefits for millions of Americans who have been out of work since the pandemic began.  Self-employed workers and independent contractors don’t qualify for traditional unemployment benefits, but they may be eligible to...

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How to claim missing stimulus payments on your 2020 taxes

How to claim missing stimulus payments on your 2020 taxes

Still missing a stimulus payment?  If so, stop waiting and act now.  You’re going to need to file your 2020 tax return to get the money you’re owed.  The sooner you file, the faster you’ll get paid.  Here’s who qualifies and how to claim the missing funds. Who...

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Tax Filing Tips for Procrastinators

Tax Filing Tips for Procrastinators

Because of the COVID-19 scourge, the deadline for filing your federal tax return (and paying a balance due if you have one) is extended to May 17th. And while the thought of doing your taxes may be intimidating, there’s no reason to wait or procrastinate. Online self-preparation tax...

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Amend your tax return to correct a filing mistake

Amend your tax return to correct a filing mistake

Nobody likes to make mistakes, especially when it comes to taxes. But accidents happen.  If you didn’t get your return right the first time, you can fix it using Form 1040-x, Amended U.S. Individual Income Tax Return.  You must file an amended return within three years of...

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7 last-minute tax deductions you don’t want to miss

7 last-minute tax deductions you don’t want to miss

Do you want to save money on your 2020 tax return?  Well, then don’t miss out on valuable tax deductions.  Using tax software to prepare your return will make life a lot easier, especially now that it’s crunch time.  ezTaxReturn.com can help you find last-minute...

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