Tax guidance and resources

Latest Articles

• This was the average tax refund last filing season

  The average tax return for the 2020 tax year was $2,827, a 13.24 percent increase from the previous year.

  2 min read Oct 18, 2021

  

• How to write off bad debt

  There are a few ways to offset losses from business debt or nonbusiness debt.

  4 min read Oct 18, 2021

  

• What is gross income? How it works and why it’s important

  A person’s gross income is used to determine how much they have to pay toward federal and state income taxes.

  3 min read Oct 18, 2021

  

• Modified adjusted gross income (MAGI): What it is and how to calculate it

  You’ll need to know your MAGI to determine whether you qualify for certain tax benefits.

  2 min read Oct 18, 2021

  

• How long you should keep tax returns and other IRS records

  Here’s what to know about records to hang on to and how long you should keep them.

  4 min read Oct 08, 2021

  

• The most common tax scams and how to report them

  Financial scams exist throughout the year but escalate before and during tax season.

  3 min read Oct 08, 2021

  

• Medical expense deduction: How to claim medical expenses on your taxes

  You may be able to deduct certain medical expenses if they meet IRS requirements.

  4 min read Oct 08, 2021

  

• Where’s my refund? How to track your tax refund

  It’s easy to track the status of your tax refund online.

  4 min read Oct 07, 2021

  

• 20 valuable small-business tax deductions

  Learn more about the tax deductions that may be available to you.

  3 min read Oct 06, 2021

  

• What happens if you don’t file taxes?

  Regardless of what may cause a person to miss the tax-filing deadline, there are potential consequences.

  5 min read Oct 06, 2021