Supporting other dependents with housing, shelter, and other financial contributions can make you eligible for certain deductions or credits.
Education credits — like the American Opportunity Credit or the Lifetime Learning Credit — are available for qualified education expenses.
Some IRS credits and deductions — such as the Child and Dependent Care Credit — are available to those who pay childcare expenses.
Taxpayers who work as a regular employee (hourly or salaried) usually file an IRS Form W-2.
Retirement savings contributions and distributions are relevant to your tax outcome.
Pre-tax contributions and distributions must be reported when you file your taxes.
You’ll need to report if you have received $20k or had more than 200 transactions through a peer-to-peer payment app with your taxes.
Contributions to retirement plans for self-employed individuals might affect your taxes this year.
Some businesses might be eligible for the Qualified Business Income (QBI) deduction.
Any winnings from the lottery or gambling must be reported with your tax filing.
Self-employed taxpayers usually receive an IRS Form 1099 — which many tax softwares upcharge for. Not us. We support taxpayers who need to file Forms 1099-NEC, 1099-MISC, and 1099-K.
If you have student loans, there can be impacts on your taxes based on a few different factors.These factors include if you’ve been paying interest on your loans or if your loans have been forgiven.
Enrolling and paying for secondary school might make you eligible for some credits — like the American Opportunity Credit or the Lifetime Learning Credit.
You’ll need to report any distributions from your 401(k) when you file your taxes this year.
If you take out $10 or more from a retirement account, you’ll need to report it on your taxes.
Receiving social security benefits might impact your taxes.
You might be able to claim the EIC if you have low to moderate income. The amount of your credit may change if you have children, dependents, are disabled, or meet other criteria.
If you receive Social Security Disability Insurance (SSDI), you’ll report that on your taxes.
You’ll need to report any unemployment benefits you received on this year’s taxes.
Your tax filing might be affected if you bought and sold stocks and investments during this tax year.
Any winnings from the lottery or gambling must be reported with your tax filing.
You’ll report any unemployment benefits you received on this year’s taxes.
Supporting other dependents with housing, shelter, and other financial contributions can make you eligible for certain deductions or credits.
You might be able to claim the EIC if you have low to moderate income. The amount of your credit may change if you have children, dependents, are disabled, or meet other criteria.
You’ll need to report any distributions from your 401(k) when you file your taxes this year.
If you have student loans, there can be impacts on your taxes based on a few different factors.These factors include if you’ve been paying interest on your loans or if your loans have been forgiven.
You’ll report earned interest from savings or CDs when you file your taxes this year.