Itemized deductions claimed on Schedule A, like charitable contributions, medical expenses, mortgage interest and state and local tax deductions Unemployment income reported on a 1099-G Business or 1099-NEC income (often reported by those who are self-employed, gig workers or freelancers) ...
Three: Are you filing without a qualifying child? If you are not filing with a child, you must be at least 25 and less than 65 years old to qualify. Four: Do you have children to claim as dependents? It can be easier to qualify for the Earned Income Credit if you can...
Still, if you have a simple return and know your way around Form 1040, then DIY might make sense. What counts as "simple"? "Someone with a vanilla situation [for the tax year] could probably prepare their own taxes," says Jordon Rosen, CPA, and past Chair of the Tax Committee of th...
There are extra forms to fill out, along with many rules about the right way to report your income and even more rules about how to handle your expenses. Hiring someone to do your taxes could be a good move, but if you're confident with taxes you might save money doing them yourself....
You’ll be able to answer questions and get help online, so you can be sure you’re filing correctly. Plus, you’ll have free access to TurboTax Live Assist & Review, so you can talk to a real CPA or EA for help with any complicated tax situation. ...
Working with a CPA or tax preparer can help your small business this tax season. Here’s how to make the most of it.
Filing extensions if you use a CPALEON HARRIS
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Whether you have a relatively simple or a very complex tax return, Tom will take pride in preparing your tax return accurately with the goal of minimizing your tax liability by including all allowable deductions and credits. Tom’s individual tax clients usually seek him out for his expertise ...
Tax tips for retirement Saving for retirement? TurboTax can help with your 401(k), IRA, stock options, Social Security, pensions, annuities and more. By TurboTax Jan 17, 2025 8:07 AM EST IRS extends deadlines for taxpayers impacted by L.A. wildfires ...