To qualify for the credit as either a first-time homebuyer or long-term resident, the purchase price of your new home cannot be more than $800,000. The IRS also imposes income limitations. You cannot claim the credit if your Adjusted Gross Income (AGI) is $145,000 or more, or $245,...
In other words, my ramblings on the ol' tax blog are free advice, and you know what they say about getting what you pay for. That's why when it is time for you to file your own taxes, I urge you to get additional, professional, paid-for guidance from an accountant, Enrolled Agent...
See how to find your previous AGI; you can also get a tax transcript with the previous year AGI here. If you keep getting rejected even though your AGI is entered correctly, then sign in to your account and click on "My Account." There, download, print, sign, and mail in your tax ...
When you owe taxes or are owed a tax refund, you are not optimizing your tax withholding. Keep more of your money during the year and don't be surprised by a large tax bill -get tax balanced with eFile.com. IRS Begins Sending Information of U.S. Citizens With Unpaid Tax Debt to Sta...
The IRS has a helpful tool called 'Get My Payment' to track the status of your stimulus check. What Can 'Get My Payment' Tell Me? The 'Get My Payment' portal launched soon after the CARES Act, which included the first stimulus payment. The Internal Revenue Service (IRS) tool is design...
In practical terms, at a minimum, you will be able to deduct 20% of your AGI. At a maximum, you will be able to deduct 60%. If your donation totals less than 20% of your AGI (the case for the overwhelming majority of people), then don’t worry about all of the details. Deduct...
Roth IRA annual contribution limits have remained nearly unchanged for several years, but income (AGI) increased moderately in line with inflation. The AGI increases mean more people are eligible toopen a Roth IRAaccount and take advantage of the post-retirement tax benefits. ...
package also extends unemployment benefits, strengthens the child tax credit, and much more. While most people have already received their share of the $422 billion set aside for stimulus checks, others are still awaiting theirs. Many factors could contribute to their longer wait.When Could My ...
package also extends unemployment benefits, strengthens the child tax credit, and much more. While most people have already received their share of the $422 billion set aside for stimulus checks, others are still awaiting theirs. Many factors could contribute to their longer wait.When Could My ...