Child Tax Credit: when will I get the monthly payments, who is eligible and for how long does it extend?
Read MoreChild Tax Credit: when will I get the monthly payments, who is eligible and for how long does it extend?
Tax Changes in 2021
Whether you filed your 2019 taxes yet or not, believe it or not, you can begin thinking about start thinking about your 2020 return—due April 15, 2021. The sooner you educate yourself about tax changes, the more time you will have to take...
Read MoreFirst Look at 2020 Tax Rates
The U.S. Bureau of Labor Statistics reported today that the consumer price index (CPI) has increased by 0.1% for August, after rising 0.3% in July. Here?s what that means for taxpayers in 2020, together with a first look at predicted rates for...
Read MoreNew Tax Brackets (Tables): What Has Changed With Tax Reform
The Tax Cuts and Job Act contains hundreds of changes that affect taxable income, including new tax brackets. To compare the old and new information, view the 2017 and 2018 tax tables below. For additional context, read on and we’ll give...
Read MoreOpening Day – January 29, 2019 – Schedule NOW
WASHINGTON – The Internal Revenue Service announced today that the nation’s tax season will begin Monday, Jan. 29, 2018, and reminded taxpayers claiming certain tax credits that refunds won’t be available before late February...
Read MoreNew Business Owner
As a new business owner, you may be able to benefit from hundreds of potential deductions that weren’t available to you previously. Business deductions, coupled with proactive tax planning, could lead to your largest tax refund ever...
Read MoreChanges to Florida Alimony Law, Effective 2019
If you and your spouse plan to get a divorce, you should probably be aware that any divorce that is not finalized before January 1, 2019, will be subject to new law concerning the taxability and deductibility of alimony. Currently, unless...
Read MoreThe Tax Law Gives Municipal Bonds a New Allure
The Tax Law Gives Municipal Bonds a New Allure By CARLA FRIED – FEB. 23, 2018 with New York Times Municipal revenue bonds that rely on income from their projects like transit improvements to cover interest payments could be more reliable...
Read MoreTax Cuts and Jobs Act (TCJA)
The new tax reform law, commonly called the Tax Cuts and Jobs Act (TCJA), is the biggest federal tax law overhaul in 31 years, and it has both good and bad news for taxpayers. Below are highlights of some of the most significant changes affecting...
Read MoreHelp Prevent Tax Identity Theft By Filing Early
If you are like many Americans, you might not start thinking about filing your tax return until close to this year’s April 17 deadline. You might even want to file for an extension so you don’t have to send your return to the IRS...
Read MoreW-2, W-4, W-9 Explained
Sometimes it seems like everywhere you turn, there’s another tax form that starts with “w” Is there a rhyme or reason for why they are named so similarly? Are they interchangeable or at least related? Well, much as we hate to...
Read MoreE-File Released – Open for Business
We are excited to announce that 1040.com is officially open for business and ready to help you file your taxes the smart, simple way! Speaking of smart and simple, we have collected a cheat sheet of tax forms and records that you should have on...
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