What’s New for the 2023 Filing Season
Brace yourself, there are big changes coming your way this tax season. Many of the generous pandemic benefits have expired, so you may see a smaller refund when you file in 2023. Here’s what you need to know to get ready for the filing season. Federal The standard...
Tax Benefits for Individuals With Disabilities
According to the CDC, around 61 million adults in the U.S. are living with a disability. As a result, your medical and daily living expenses may be higher than other families. The good news is you may qualify for a number of tax credits and benefits that can save you money. ABLE...
What is the Earned Income Tax Credit? See if You Qualify
Have you ever heard of the Earned Income Tax Credit (EITC)? If you haven't, you may be missing out on thousands of dollars at tax time. Every year, nearly 1 in 5 eligible workers fail to claim the EITC due to a lack of awareness. To help remedy the issue, we're...
Tax Prep Checklist: Everything You Need to Save Time & Money on Your Return
Over 66 million people self-prepared their taxes this year. The key to doing your tax return easily and stress-free is to gather the items you need before starting and to use a tax software program like ezTaxReturn.com. Being organized makes it easier to take advantage...
Tax Tips for the Unemployed
In December 2022, the U.S. Bureau of Labor Statistics reported that 5.7 million people were unemployed. Losing your main source of income can be devastating. However, your new tax status may make you eligible for tax breaks reserved for those with lower incomes. Here are some tax...
How Your Taxes Will Change if You’re Laid off Due to the Recession
There’s been a lot of talk about a looming recession, and you may be concerned about what that means for you. During a recession, you’re at greater risk of losing your job and the benefits that come with it – your income, health insurance and retirement savings. Some companies...
6 Smart Ways to Spend Your Tax Refund
If you are like most people, you are expecting a hefty tax refund from the IRS. With the average refund being thousands of dollars, there will soon be a lot of money sloshing around the economy. If you are one of those lucky taxpayers, you are probably already thinking of things to...
Tax Tips for Single Parents
According to Pew Research, one in four U.S. parents are unmarried. Filing taxes can be frustrating for anyone but it requires even more planning as a single parent. You want to avoid any mix-ups about who's claiming the kids and take advantage of beneficial tax breaks...
More savings this tax season – The State of Washington just introduced a Working Families Tax Credit
The new tax credit can help residents of the state of Washington get back more money at tax time. Beginning February 1st, eligible workers can claim the Working Families Tax Credit (WFTC) and get up to $1,200. How do I apply? All applications must be received by...