Hillsborough County Extension will be offering free tax prep assistance to Hillsborough County residents. At the current time we are offering virtual appointments. We are working to provide in-person options in the future. Remote assistance… Read More
The recent COVID-response stimulus bill signed on December 21, 2020 includes a second round of stimulus checks, extension of deferred payroll taxes and individual income tax breaks. Below is a summary of some of the… Read More
A special temporary tax law change allows taxpayers to donate cash up to $300 to charity and receive an above-the-line tax deduction. Donations made in 2020 may be deducted for up to $300 per return…. Read More
Due to the coronavirus pandemic, a record number of Americans have applied for unemployment compensation. It is important to understand unemployment compensation is considered taxable income. Individuals who receive unemployment income can begin withholding taxes… Read More
Becoming a home buyer offers many advantages. It provides greater control of living arrangements, can help increase net worth, and provide a sense of community. Mortgage interest rates According to Zillow, the median home value in… Read More
Credit Builder Loans (CBLs) are small loans offered by financial institutions and promoted as a method for a consumer to improve their credit score and build a savings account. They can be offered with or… Read More
The federal income tax system is a pay–as–you–go system. Taxes must be paid throughout the year, either by withholding from your paycheck or making estimated tax payments. If you don’t pay enough in taxes throughout… Read More
People who work as a driver for Uber, Lyft, or other ridesharing services, are considered self-employed. A self-employed person is responsible for handling and paying income taxes and self-employment taxes. Self-employment taxes consist of Social… Read More
Completion of the Free Application for Federal Student Aid (FAFSA) is required to determine if a student qualifies for student aid and exactly which type of aid. The types of aid available are grants, scholarships,… Read More
Due to the financial crisis caused by COVID-19, credit reports are free online weekly through April 2021. Individuals can access their credit report online through https://www.annualcreditreport.com/index.action with the three national credit reporting agencies: Equifax, Experian,… Read More
