Don’t Use The IRS As A Piggy Bank: Tax Withholding vs Tax Liability

Do you like using the federal government for your savings? If the answer is no you may want a better understanding of tax withholding vs tax liability as it relates to your paycheck. The truth is the government pays you an astounding 0% annual interest return on your money, and yet many of us still […]

Should I Itemize Deductions On My Income Taxes This Year?

There are two basic ways to approach the question “should I itemize deductions”  when you are ready to complete your federal and state income tax returns this year.  You can either itemize your deductions, or you can use what is called the standard deduction allowed by the IRS.  Obviously, you will want to choose the […]

Answers To All IRS Online Tax Filing and EFile Questions

The IRS has developed an interactive way to answer efile, online tax filing, and tax law questions for individuals and families that do not have the ability to have their own accountant or CPA on speed dial.  Depending on the tax filing topic, the IRS interactive tool asks you some simple questions and based on […]

Free Tax Filing Directly So You Can File Taxes Online

The IRS has developed some creative free tax filing tools specifically aimed to help families and individuals file taxes online directly with the IRS. I know what you’re thinking, do I really want to use free tax tools from the IRS when I don’t trust them to begin with?  Nevertheless, with such tools as a […]