One way is to make sure you claim every tax deduction you can. Also, when choosing between the Standard Deduction and itemized deductions, pick the larger of the two. The more you can deduct, the more you can subtract from your gross income. If your employer offers a traditional 401(k) ...
With the passage of the Affordable Care Act, it's time to think about how it will affect your taxes. Whether your income is high, low or in-between, everyone will likely be affected in some way. Here's a year-by-year breakdown of what's on the horizon an
If you're a low-income Wisconsin resident, the state's homestead rebate can put some money back in your pocket at tax time. Whether you file electronically or on paper, you'll need to complete aSchedule H-EZor a Schedule H to claim it. If you were a full-time Wisconsin resident duri...
In the event that COVID-19 has an impact on your business, you may be able to claim a payroll tax credit equal to 50% of your wage costs (plus some portion of employee health insurance). To qualify, businesses must either show that they were forced to close because of COVID-19 or ...
This is your rebate amount. It's Not Too Late If you missed filing for the homestead credit in a year when you were eligible, it may not be too late to claim it. You can file for the rebate up to five years after the tax deadline for that taxation year. ...