by Advats | Apr 11, 2024 | Taxes
Reasons to File a Tax Extension Most Americans have until April 15 to file their federal income tax returns this year. However, if you cannot file your return by the deadline, you can quickly extend the deadline to October 15. You must request a tax extension by...
by Advats | Apr 11, 2024 | Taxes
Top Tax Deductions You Might Be Missing Itemized tax deductions allow many American wage workers to keep more of their earnings rather than giving them to the government. Numerous deductions are available that you may not be aware of. If you keep proper records,...
by Advats | Mar 28, 2024 | Taxes
Tax Credits vs Tax Deductions They may be interchangeable if you’re unfamiliar with the terms tax credit and tax deduction. Both provide tax breaks but in very different ways. Understanding the distinction between a tax deduction and a tax credit is critical...
by Advats | Mar 28, 2024 | Taxes
Tax Tips for Newly Weds Your tax return is only one of the many aspects of life that change after you get married. You are no longer the head of the household or single. According to the authority granted to you by the IRS, you are now either married filing jointly or...
by Advats | Mar 24, 2024 | Taxes
Understanding the Qualified Business Income Deduction More and more Americans are working for themselves, whether part-time or full-time, through the gig economy, as freelancers, or as small business owners. If you are one of them, you should be aware of the IRS tax...
by Advats | Feb 14, 2024 | Taxes
What Is the Tax Underpayment Penalty Understanding tax payments and the implications of underpayment is critical. The tax underpayment penalty is one such levy that taxpayers should be aware of. As explained, this penalty is imposed by the Internal Revenue Service...
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