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. But don’t worry, we’ve got you covered. ezTaxReturn gathered the key details so you can...
Tax Deductions for Medical and Dental Expenses
Taking an unexpected trip to the doctor can really bust your budget. Depending on your insurance, you can pay up $7,500 just to fix a broken leg. That's the bad news. The good news is your out-of-pocket medical and dental expenses may be deductible on your tax return....
How Major Life Events Affect Your Taxes
Life is always changing. Reaching major milestones such as getting married, buying a house or going to college can affect your taxes. Usually for the better because you can qualify for more money-saving credits and deductions. Here are some life events that can change...
6 Ways to Avoid the IRA Early Withdrawal Penalty
It is always smart to save for the future - especially for your retirement. An Individual Retirement Account (IRA) is supposed to help you do just that, so you can live comfortably in retirement. To keep you from dipping in early, there are strict rules about when you can...
Self-Employed? Tips for Making Your Quarterly Tax Payments Less Painful
There is a lot to love about being self employed. You get to set your own hours, work from where you want and if you are successful even pick and choose the clients you work with. With so many benefits, it is no wonder so many workers dream of leaving the office and setting up their...
Is Social Security Taxable?
If you’re preparing for retirement, you might be wondering if social security is taxable income. The short answer: Yes. The longer answer: It depends. Social Security benefits are considered taxable income above a certain income level. But that income threshold is pretty low,...
The Truth Behind the Most Common Tax Myths
There’s a lot of bad information floating around the internet. For instance, the idea that you can see the Great Wall of China from space or that we only use 10 percent of our brains. Believing everything you read not only makes you look foolish, it can lead to costly mistakes. The...
7 Ways to Pay Your Tax Bill
Tax Day is around the corner. And while most filers actually receive a refund, if you belong to the small group of people who owe the IRS, it’s best that you file early to ensure everything is paid on time. Today, there are many ways to settle your bill with the IRS. From cash...
8 Expensive Tax Mistakes You May Be Making
Are you doing everything correctly when it comes to your taxes? It’s easy to make mistakes that can cost you hundreds or thousands of dollars on your tax return. The good news is many of these mistakes are avoidable. Let’s look at 8 common errors you'll need to dodge this year....