1. Amending a Tax Return – 2016 Tax Help

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    With the tax season underway there is a rush of income tax returns in January most of which expect a refund. But where there is haste there are errors. The IRS allows amending return for the last 3 tax years and while there are instances when it makes a lot...
  2. Where’s My 2016 Tax Refund?

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    One popular tool to track your refund is Where’s My Refund introduced by the IRS. By providing personal and refund details, the system can tell you when you can expect to receive the money. It updates once every 24 hrs and provides accurate information especially for tax returns filed electronically....
  3. Getting Ready for Tax Season – Tips from the Pros at H&R Block

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    While browsing through H&R Block website to further educate myself on different tax issues I read on tips to get ready and prepare for tax season. Here are two of them I found that could aid in feeling good about the whole process. Make sure you have everything necessary to...
  4. Can I claim a deduction for paying down my student loan? 2016 Taxes

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    The short answer is yes, and given recent trends in spending on education, it’s important not to forget about this deduction. Average amount of student loan debt has been climbing for years now. Wall Street Journal reported that over 70% of the recent grads left schools with debt, which averaged...
  5. 2015 Tax Year Brackets (Due on April 18, 2016)

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    Below is a table with tax brackets to be used filing taxes for income earned in 2015. Tax brackets give better idea of estimating how much you’ll owe in taxes and optimize your withholding amount. (For more accurate calculations on withholding, check out the IRS’s Withholding Calculator.) Note that the...
  6. When will TurboTax for 2016 be Released and Available?

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    Posted January 4th, 2016: For all taxpayers who want to file the taxes as soon as possible there is some good news. The federal portion of TurboTax 2016 (to file 2015 income tax) is ready, but we are still waiting for the state portion in order complete the returns. If...
  7. Identity theft – Increased Security in the 2016 Tax Season

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    Identity theft is one of the fastest growing crimes in America that intensifies during tax season. It is a major issue not only for private and government institutions, but also for everyday Americans. This year the IRS is taking a proactive stance to lower the number of fraudulent tax returns...
  8. The October 15th Tax Deadline is Approaching

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    According to the IRS there were over 13 million American taxpayers who requested for more time to file 2014 income tax returns. October 15, the deadline to file taxes for income generated last year after receiving the extension, is less than two weeks away but the return can be submitted...
  9. Health Care Coverage – Reminder for those filing taxes on October 15

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    2015 marks the second year of the mandatory health coverage. Hopefully you have had health insurance throughout this and past year and if you received subsidies to your plan from the government (premium tax credit), it is time to report it. Remember that it is the income you earned in...
  10. IRS Tax Relief – Valley and Butte Fire 2015 Victims

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    On September 23 the IRS issued a statement confirming that it will provide tax relief to the victims of Valley and Butte Fires that raged in California (both fires at this point are nearly 100% contained). The relief applies to the resident and business owners residing in Lake and Calaveras...