1. Earned Income Tax Credit 2020 – Check If You Qualify

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    According to the IRS, roughly 20% of Americans who qualify, do not claim Earned Income Tax Credit (EITC). Every year that translates to billions of dollars that are left unclaimed. The EITC is a refundable tax credit that reduces your tax liability. If the EITC you qualify for is greater...
  2. How to File Taxes in Multiple States – 2020 Tax Help

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    Many of us have moved or will move between the states in the future. Even though there may countless reasons for that, one common outcome is the payment of taxes in more than just one state. Given than the U.S. tax system is thousands (!) of pages long, it is...
  3. TurboTax 2020 + QuickBooks Self-Employed Bundle

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    QuickBooks (QB) is one of the top choices for small businesses to do their accounting. It is also very integrated with TurboTax (available with a popular bundle discount) as it tracks many job-related costs that have a significant impact come tax reporting time. QB has evolved over time and has...
  4. TurboTax 2020 – Which Version to Choose?

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    This year’s TurboTax Online product selection is relatively narrow, and that is a good thing. In prior years, TurboTax may have experimented by expending or shrinking the available options. It appears the experience has yielded the optimal portfolio that is easy to understand and not overwhelming. Even a quick glance...
  5. 2020 Tax Deductions

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    While reviewing the recent product offerings from TurboTax, I have come across a tool they put out to identify tax deductions for different classes of self-employed professionals. While some write-offs are more common, such as mileage or office expenses, TurboTax created an easy list to check which expenses you can...
  6. 2020 Tax Software Choices

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    The IRS will start accepting our tax returns soon and here is a summary of what’s available this year from the leaders in online tax filing: TurboTax and H&R Block. Note: There actually seem to be too many products available making it difficult to make a decision, which one to...
  7. Do your Taxes for Free with TurboTax Free Edition (2020 Update)

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    TurboTax has just rolled out a new promotion towards an estimated 60 million taxpayers who file taxes on form 1040A or 1040EZ. It is called the Free Edition and it’s free to file state and federal. Additional features of this special tax deal include: Preparation of Affordable Care Act forms....
  8. What’s TaxProGo? 2020 Tax Preparation Tips

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    H&R Block has been airing many commercials in the recent days and the one that caught my attention is about TaxProGo. It showcases individuals who are “doing their taxes;” in reality, these people from different walks of life just go about their daily routines, while someone else handles the taxes....
  9. What is the best option for Free Filers? 2020 Tax Tips

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    Many taxpayers will be able to file their taxes for free this year. The good news is that all the major tax preparation software companies offer some form of free filing option. The bad news is that it can be limited and the free offering isn’t homogenous for easy comparison....
  10. Get Your Tax Refund Early in Advance – 2020 Tax Tips

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    Tax season is just around the corner and even though the IRS is not accepting the returns just yet, there are already options out there to get the refund early. H&R Block offers some type of early refund advance every year and there are already details on what’s available this...