Child and Dependent Care Tax Credit

March 23, 2015

If you paid someone to care for a person in your household last year so that you could work or look for work, you may qualify for the Child and Dependent Care Tax Credit.

Mortgage Interest Deduction Tip

March 17, 2015

Should there be a divorce or a spouse pass away, the remaining home owner should request the lender to update the name and social security number on Form 1098 before filing.

Obamacare Court Battle

March 16, 2015

The nation’s highest court is requested to determine whether federal subsidies to help pay for health care coverage can be legally issued in the 36 states that did not form exchanges offering health insurance.

Choosing Direct Deposit for Tax Refunds

March 10, 2015

Selecting an electronic way to receive your refund can cut 2 to 3 weeks off the time of processing and delivering your refund check and you may split your refund deposit into different accounts.

Taxes on Unemployment Benefits

March 7, 2015

There are different types of unemployment benefits paid under either federal or state law, but both are taxable as income and may also be subject to withholding.

Going App for Taxes

March 5, 2015

The IRS has released its updated 5.0 version of IRS2Go. The mobile device app helps taxpayers check their refund status, sign up for tax tips and connect to videos that explain tax topics.

Business Tax Issues When a Worker Becomes Disabled

March 4, 2015

Who pays the premium for disability coverage and whether it is paid with pre-tax or post-tax dollars are key factors in determining the taxability of disability benefit payments. Many businesses make mistakes in this area about disability payments to workers.