Understanding these guidelines is crucial, as they can help you determine if you can claim someone as a qualifying relative on your taxes. By doing so, you may be eligible for various tax deductions and credits, such as the Child and Dependent Care Credit or the Head of Household filing sta...
Consider Electronic Payments:Instead of relying solely on paper checks, consider making electronic payments to the IRS. This can help expedite the process and reduce the risk of errors or delays associated with traditional checks. Electronic payment options include direct debit, credit/debit card payme...
Earned income tax credit (EITC)is for low income taxpayers, especially those with children. It can be several thousand dollars if you are earning near the poverty line and have 2 or three kids. The IRS audits 0.7% of returns that claim the EITC. It is unfortunate but true that those the...
ApartmentList reported that 43.1% of renters have encountered a fraudulent listing, and 5.2 million renters have lost money because of rental scams. Be wary of rentals that seem too good to be true and insist on seeing the listing in person before sending any money. #12. Credit repair/debt...