Can You Claim the Home Office Deduction on Your 2020 Tax Return?
People working from home because of the pandemic are wondering if they can get a tax deduction out of it. It depends on your employment status. Like millions of other Americans, you may have worked from home a lot last year because the coronavirus closed your office....
When Can You File Your Taxes This Year?
The sooner you file your tax return, the sooner you’ll receive any refund due (and, this year, you might also boost your next stimulus check). That’s why some people like to file their return as early as possible. But this year, the IRS won’t start...
Tax deductions, no itemizing required, on Schedule 1
I’ve always done my taxes. When the hubby and I married, I continued this annual task, now filing our joint return. The only change is that every tax season the hubby periodically peers over my shoulder as I work on our return and chants, “Deduct! Deduct!...
Scammers target tax preparers in new EFIN phishing email
The Internal Revenue Service won’t start accepting and processing 2020 tax returns until Feb. 12. Tax professionals, however, have been working of their clients returns since the new year arrived. That means tax criminals also doing their so-called jobs....
Save on Child Care Costs
The high price of child care is all too familiar to my family. The monthly cost of care for our toddler usually tops $1,000 and is second only to our mortgage payment. More than 70% of parents spend at least 10% of their income on child care, and more than half spend...Lorem Ipsum is simply dummy text of the printing and typesetting industry. dummy text of the printing Ltting industry.
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