If you’re going through a divorce, you’ve probably got a lot on your plate. Between the property division, the alimony payments and the child custody issues, your taxes are probably the furthest thing from your mind. However, it’s worth knowing that divorce can impact...
Tax law’s new 20 percent pass-through deduction may provide a break to the estimated 40 million gig economy workers and freelancers in the U.S. who work as sole proprietorships and partnerships. However, before everyone who fits into this category starts celebrating,...
When you were a child, your parents took care of you, including planning for your future. Now, it is your turn to do that for your parents. This is not always an easy transition for adult children. One of the most difficult aspect having elderly parents is addressing...
Try as they might, many taxpayers do not make the tax deadline on time. The reasons can vary: A busy schedule, a family crisis or simply forgetfulness. No matter the excuse, every year many Americans fail to submit their returns by the date mandated by the Internal...
The past year brought many new changes regarding taxes. In winter of 2017, Congress passed the Tax Cuts and Jobs Act, which overhauls many aspects of the American tax code. Many taxpayers have had to adjust to the myriad changes in tax laws. Another change that...
With just one more week to file annual income taxes, many Americans are rushing to prepare their returns on time. Filing taxes at the last minute is hardly ideal, it is the choice that many busy taxpayers make. What many people don’t realize is that rushing through...
The Ohio attorney general announced this week that there has been an increase in consumer reports of tax scams. There have been nearly 800 reports of tax scams reported to the Ohio Attorney General’s Help Center this year. With the tax-filing deadline only two weeks...
Do you remember what you were thinking about last March? Probably not–but whatever was on your mind, there is a good chance that it involved taxes. The filing deadline is approaching quickly, so you may still be thinking a lot about taxes. And chances are, some of the...
Taxpayers have the option of claiming the standard deduction or itemizing their deductions. Itemizing can mean a bigger tax refund, but it is also a very detailed process that can be a pain in the neck to complete. With the filing deadline just a month away, you are...
From business professionals to individuals in low-paying jobs, taxes can seem like a burden. In addition to having money withheld from paychecks in order to go toward taxes, following the steps to actually file the proper tax forms during this time of year can seem...