Don’t Let Scant Tax Records Be Your Downfall

Tax records should be kept year-round, not hastily assembled just for your annual tax appointment. Without tax records, you can lose valuable deductions or have unsubstantiated items disallowed if you’re audited. Generally, returns can be audited up to three years after filing. However, if income
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Make Sure Your 2018 Tax Withholding Is Right for You

If you have a sizable refund of your 2017 taxes, it may be time for you to check your withholding. Reducing your withholding is as simple as filing a new Form W-4 with your employer. The form comes with a worksheet to figure out how
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Don’t Forget to Document Your 2018 Spring Cleaning Donations

If spring cleaning has left you with items that you want to donate to charity, remember that donations of used clothing and household items must generally meet certain requirements to be tax-deductible. First, such items must be in “good used condition or better.” Second, a
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Have you gotten a call from someone saying they’re from a Chinese Consulate office asking for money or info? It’s a scammer. Tell the FTC.

6 Ways to Avoid a Credit Card Catastrophe

Do you feel like your credit card spending is out of control? Follow these six ways to lead you off the path of financial catastrophe.

If you owe federal or state debts, the IRS can use all or a portion of your tax refund to pay it.

Don’t Get Hooked by a Phishing Scam in 2018

This year, the IRS ranked email phishing schemes as a top tax scam concern to make the yearly Dirty Dozen list. This type of scam targets taxpayers as well as tax professionals by using fake emails and bogus websites to collect sensitive taxpayer information. The
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The 2018 maximum Earned Income Tax Credit amount is $6,431 for taxpayers with 3 or more qualifying children.

Consider adjusting your tax withholding if you received a large refund or paid a large balance due with your 2017 tax filing.

Considering Divorce? Think About Your Tax Filing Status

If you’re thinking about divorce, you should also be considering what tax filing status you should choose. Here’s why.