Tax Updates Mid April

Educator Expense Deduction to Increase For the first time since it was enacted in 2002, the special educator expense deduction limit has increased from $250 per year to $300 per year. The increase begins in 2022, so out-of-pocket classroom expenses for the current year can be claimed in the deduction when filing 2022 federal income […]

IRS Updates Beginning of April

Tax Day Extended to July 15 The IRS previously pushed back the date to file and pay taxes to July 15, 2020 for victims of the Tennessee tornadoes, but that change in tax day has now been extended to all Americans, amid the current and ongoing COVID-19 crisis. Taxpayers do not need to take any […]

When Should You File an Extension?

When Should You File a Tax Extension? Every year, April comes around and there are many people who have not paid their taxes in full. If you have reached the end of the tax season and still need more time to file, there is a solution for you. It is fairly simple to file tax […]

Final Deadline – 2014 Tax Returns Close April 17

The IRS just created a reminder that over 1,000,000 people who did not file their taxes in 2014 are eligible for $1.1 B in tax return funds.   The last date possible to file your 2014 taxes and get a tax return is April 17. Those who are owed tax returns but do not file […]