Tax Filing When the Government Is Shutdown

Tax Filing When The Government Is Shutdown by Susan Moussi

{2:14 minutes to read} IRS employees returned to work on January 28, 2019, after a lengthy government shutdown. As you can imagine, they will be trying to play catch up just as they enter their busiest time of the year. As a taxpayer, you may have concerns or questions about handling your tax returns should another shutdown occur before April 15, 2019. If another shutdown does occur, keep in mind that there will be delays to either 1. process a current return or 2. tend to past taxpayer matters that remain unsettled.

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TIPA: 4 Tax Deductions That Were Reinstated for 2014

TIPA: 4 Tax Deductions That Were Reinstated for 2014 By Susan Moussi

{2:09 minutes to read} The Tax Increase Prevention Act of 2014 (TIPA), which Congress passed on December 16, 2014, restores certain deductions and credits that were not going to be available in 2014. Here are four of the most common deductions:

1. The Qualified Tuition Deduction

  • If you paid education expenses last year, you have the option of getting a credit or a deduction for expenses incurred to pay tuition and fees.
  • You may be able to write off as much as $4,000.

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Don’t Wait Until April! 8 Reasons to File Taxes Early

Don’t Wait Until April! 8 Reasons to File Taxes Early By Susan Moussi

{3:05 minutes to read} Do you file your taxes as soon as your documents arrive in the mail, or sometime in April? It’s open season right now. Here are eight reasons why, when it comes to filing taxes, sooner is better than later.

1. FAFSA Forms

This time of year, if you’re a parent of a college student, you may be filling out the Free Application for Student Aid (FAFSA). This form requires your tax information from the prior year. While you can provide an estimate only, it’s usually better to have the actual information.

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