Tax Tips
It's ITIN Renewal Time!
It's ITIN Renewal Time!
Beat the rush and avoid refund delays by renewing your ITIN before the end of the year if it's about to expire.
November 23, 2020
Stimulus Check Deadline is Today
Stimulus Check Deadline is Today
If you haven't already received a stimulus check, you need to act now if you want your payment this year.
November 21, 2020
Louisiana's Sales Tax Holiday for Hurricane and Pandemic Recovery is Underway
Louisiana's Sales Tax Holiday for Hurricane and Pandemic Recovery is Underway
Holiday shoppers can avoid Louisiana sales tax on purchases of most items during the state's newest tax-free period.
November 20, 2020
Social Security Recipients, Veterans Must Act Now to Get Extra $500 Stimulus Check
Social Security Recipients, Veterans Must Act Now to Get Extra $500 Stimulus Check
The deadline for seniors and veterans to request an additional $500 stimulus check for a dependent child is almost here. Here's how you can claim your…
November 18, 2020
Some College Students Can Still Get a Stimulus Check
Some College Students Can Still Get a Stimulus Check
Since the deadline is right around the corner, quick action is needed for college students who are eligible for a stimulus check.
November 17, 2020
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Bad News on IRA and 401(k) Contribution Limits for 2021
Bad News on IRA and 401(k) Contribution Limits for 2021
Retirement savers will be disappointed with the contribution limits for next year, but at least more people will qualify for retirement tax breaks in …
November 5, 2020
Watch Out for Stimulus Check Texting Scam
Watch Out for Stimulus Check Texting Scam
Scammers are sending text messages that trick people into disclosing bank account information to get a $1,200 stimulus check.
November 4, 2020
Louisiana Adds Sales Tax Holiday to Help Hurricane and Pandemic Recovery
Louisiana Adds Sales Tax Holiday to Help Hurricane and Pandemic Recovery
Holiday shoppers can avoid Louisiana sales tax on purchases of most items during the November tax-free period.
November 2, 2020
HSA Contribution Limits and Other Requirements
HSA Contribution Limits and Other Requirements
Annually adjusted contribution limits, health plan minimum deductibles, and limits on out-of-pocket medical expenses must be met if you're covering he…
October 29, 2020
Tax Tip: How to Deduct Property Damage Caused by Hurricane Zeta
Tax Tip: How to Deduct Property Damage Caused by Hurricane Zeta
Get the maximum tax deduction for property losses resulting from Hurricane Zeta or other natural disasters.
October 28, 2020
Stimulus Check Deadline Extended
Stimulus Check Deadline Extended
The IRS is giving people who didn't file a 2018 or 2019 tax return more time to claim a stimulus check.
October 27, 2020
What's the Standard Deduction for 2020 vs. 2021?
What's the Standard Deduction for 2020 vs. 2021?
Most Americans claim the standard deduction on their tax return instead of itemized deductions.
October 27, 2020
Estate Tax Exemption Amount Goes Up for 2021
Estate Tax Exemption Amount Goes Up for 2021
As the estate tax exemption amount increases, fewer estates are subject to the federal tax.
October 27, 2020
The 2021 Capital Gains Tax Rate Thresholds Are Out – What Rate Will You Pay?
The 2021 Capital Gains Tax Rate Thresholds Are Out – What Rate Will You Pay?
Which tax rate applies to your 2021 long-term capital gains will depend on your taxable income.
October 27, 2020
IRS Releases Income Tax Brackets for 2021
IRS Releases Income Tax Brackets for 2021
The tax rates didn't change, but the tax bracket income ranges for the 2021 tax year are adjusted to account for inflation.
October 27, 2020
What Are the Income Tax Brackets for 2020?
What Are the Income Tax Brackets for 2020?
Depending on your taxable income, you can end up in one of seven different federal income tax brackets – each with its own marginal tax rate.
October 27, 2020
Tax Relief Available for California Wildfire Victims
Tax Relief Available for California Wildfire Victims
Residents and businesses impacted by the California wildfires get more time to file and pay taxes.
October 19, 2020
Hurricane Delta Victims Get More Time to Pay Taxes
Hurricane Delta Victims Get More Time to Pay Taxes
The tax relief is currently available to Hurricane Delta victims in Acadia, Calcasieu, Cameron, Jefferson Davis, and Vermilion parishes in Louisiana.
October 19, 2020
Tax Extension Deadline: File Your 2019 Return by October 15 to Avoid Penalties
Tax Extension Deadline: File Your 2019 Return by October 15 to Avoid Penalties
If you chose to extend your tax return's due date, the tax extension deadline is October 15!
October 15, 2020
Tax Tip: How to Deduct Property Damage Caused by Hurricane Delta
Tax Tip: How to Deduct Property Damage Caused by Hurricane Delta
Get the maximum tax deduction for property losses resulting from Hurricane Delta or other natural disasters.
October 9, 2020
Second Stimulus Checks Back on the Table
Second Stimulus Checks Back on the Table
Hours after pulling out of negotiations for another economic stimulus bill, President Trump calls for immediate action on a second round of stimulus c…
October 7, 2020
Second Stimulus Check Appears Dead After Trump Pulls Out of Negotiations
Second Stimulus Check Appears Dead After Trump Pulls Out of Negotiations
President Trump instructs his White House representatives to halt negotiations for another economic stimulus bill until after the election.
October 6, 2020
Child Tax Credit Would Go Up Under Biden Proposal
Child Tax Credit Would Go Up Under Biden Proposal
Some families would see their tax credit jump from $2,000 to $3,600 per child under Joe Biden's plan. But there are a couple of important catches.
September 18, 2020
Oregon Wildfire Victims Get More Time to Pay Taxes
Oregon Wildfire Victims Get More Time to Pay Taxes
The tax relief is currently available to Oregon wildfire victims in Clackamas, Douglas, Jackson, Klamath, Lane, Lincoln, Linn and Marion counties.
September 17, 2020
Stimulus Check Update: 9 Million Americans Could Still Claim a Payment
Stimulus Check Update: 9 Million Americans Could Still Claim a Payment
The IRS is sending out letters to people who didn't file a 2018 or 2019 tax return encouraging them to claim a stimulus check if they're eligible.
September 17, 2020