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
The federal income tax system is meant to be a pay as you go system. Paycheck earners have federal income taxes deducted from each paycheck and at the end of the year that amount should cover the majority of federal income tax liability. Due ... READ MORE
Category: Money MattersDecember 31 marks the end of the tax year for many taxpayers and deadlines in regards to tax deductions and required minimum distributions. This presents an opportunity to review the year, use strategic tax planning to reduce tax liability, ... READ MORE
Category: Money Matters, Work & Life
Save Your Tax Refund Shirley Bouie Income tax filing is here. So often we plan how we are going to spend our return. This year think about saving your refund. Too often the refund is spend before paying off bills or placed in saving. American ... READ MORE
Category: Money Matters, Work & Life