Do I need to report my income from my moon lighting job?
You should always report your income from your side jobs especially that you will most likely receive a 1099 for your income. Just remember to keep track of your expenses to offset your side income.
Is the new tax law going to save me on taxes?
It depends on your situation; some small business owners may save up to 20% in taxes and others may pay more as the new limit on state income taxes and property taxes.
How to check the status of my refund? Where is my tax Refund?
Refunds from IRS are usually processed in 21 days. The status of your refund is available in a day after your taxes are e-filed. Here is a link to check the status of your refund on IRS: https://sa.www4.irs.gov/irfof/lang/en/irfofgetstatus.jsp
How new tax laws can affect your education plans
When the talk of tax reform first began last year, there was a lot of theory about the implications for educational loans and debt. Because students seeking loans, and those already paying on student loans worried that the changes would mean money out of their pockets. Here is what is left intact: American Opportunities Credit […]
Are you eligible for a $1000 child tax credit?
You might be eligible for a child tax credit. This credit is up $1000 per each eligible child. There are seven qualifying tests that have to be met according to IRS. Age test – The child must be under 17 by the end of 2011 Relationship test – The child must be your child or […]
