The new tax legislation signed on July 4, 2025, introduces a temporary federal income tax deduction for interest paid on auto loans for new vehicles purchased between January 1, 2025, and December 31, 2028. What Qualifies? Eligible vehicles ... READ MORE
Category: Money Matters, Work & Life
There are some common misconceptions about retirement age and tax filing requirements. People sometimes erroneously state that since they are at full retirement age and collecting Social Security, tax return filing is no longer required. The ... READ MORE
Category: , Money Matters, Work & Life
Terms like “tax write-off” and tax deduction get bandied about a lot. Unfortunately, there is also much misinformation and hype. This article will try to provide clarification. The goal is to help you determine whether to take the standard ... READ MORE
Category: Money Matters
Hillsborough County Extension is offering access to free online tax software. The software is available to residents whose Adjusted Gross Income (AGI) on the tax return doesn’t exceed $84,000. AGI does not include items like tax-deductible ... READ MORE
Category: Money Matters
UF/IFAS Extension Hillsborough County invites you to attend these upcoming webinars. All are 12:00 p.m. – 1:00 p.m. EST, Cost = Free January 8, Managing Credit Card Debt: We will discuss options for dealing with credit card debt and ... READ MORE
Category: Events, Money Matters
Florida taxpayers and business owners residing in a county affected by recent hurricanes who filed an extension to complete their 2023 tax return (that is the return due April 15, 2024) have been granted more time to file the return. The new ... READ MORE
Category: Money Matters, Work & Life
In 1983 changes were made to strengthen the solvency of Social Security. Two notable changes were the gradual raising of the full retirement age for Social Security retirement benefits and the potential for a person’s Social Security to be ... READ MORE
Category: Money Matters, Work & Life
Are you a homeowner looking for good tax deductions? For most Florida homeowners, the first thing to check is mortgage interest and property taxes. Mortgage interest can be a tax deduction if you choose to itemize deductions. A tax filer can ... READ MORE
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Join us to learn about free tax preparation tools, tax rates, deductions, credits, and much more! All are 12:00 p.m. – 1:00 p.m. EST, Cost = Free Jan 23, Webinar: Free Income Tax Software & Filing Tax filers with adjusted gross ... READ MORE
Category: Events, Money Matters, Work & Life
Eligibility and the amount for tax credits such as the recovery rebate credit (aka stimulus payments to individuals), Child Tax Credits (expanded for 2021), education credits, and other popular credits depend on Adjusted Gross Income (AGI). ... READ MORE
Category: Money Matters, Work & Life