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Looking for advice on lowering your federal or state taxes? You’ve come to the right place. Plus, get news and advice related to tax brackets, property taxes, estate taxes and more.
The average tax return for the 2020 tax year was $2,827, a 13.24 percent increase from the previous year.
A person’s gross income is used to determine how much they have to pay toward federal and state income taxes.
Regardless of what may cause a person to miss the tax-filing deadline, there are potential consequences.
There are ways to avoid a capital gains tax on a home sale so you can keep as much profit in your pocket as possible.
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There are a few ways to offset losses from business debt or nonbusiness debt.
You’ll need to know your MAGI to determine whether you qualify for certain tax benefits.
Here’s what to know about records to hang on to and how long you should keep them.
Financial scams exist throughout the year but escalate before and during tax season.
You may be able to deduct certain medical expenses if they meet IRS requirements.
It’s easy to track the status of your tax refund online.
Learn more about the tax deductions that may be available to you.