Category Archives: Tax Relief

Standard Mileage Rates for 2018 Up from Rates for 2017

The following article was published by the IRS. The Internal Revenue Service today issued the 2018 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. Beginning on Jan. … Continue reading

Posted in Accounting, IRS, Planning Strategies, Self-Employed, Small Business Association (SBA), Tax Deductions, Tax Relief, Tax Tips | Tagged , , , , , , , , , , , , , , ,

Learn about Tax Benefits for Education

The following article was published by the IRS. The beginning of the school year is a good time for a reminder of the tax benefits for education. These benefits can help offset qualifying education costs. Here is information about two … Continue reading

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Top 7 Benefits of 529 Plans

There are many benefit to 529 College Plans. These college savings vehicles offer excellent benefits for anyone looking to save money for college. Here are 7 reasons to open an account if you haven’t already: Federal Tax Benefits. While you don’t … Continue reading

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Important Facts about Filing Late and Paying Penalties

The following article was published by the IRS. April 18 was this year’s deadline for most people to file their federal tax return and pay any tax they owe. If taxpayers are due a refund, there is no penalty if … Continue reading

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Deductions You Probably Missed

Taxpayers, especially those who wait until the last minute to file, will often miss a handful of tax deductions that could have put more of their hard-earned money back in their pocket. These deductions are in most cases ones that would … Continue reading

Posted in Child & Dependent Care Credit, E-file, IRS, Personal Finance, Planning Strategies, Tax Credits, Tax Deductions, Tax Relief, Tax Tips | Tagged , , , , , , , , , , , , , , , , , , , , ,

Help for Requesting a Tax Filing Extension

No matter how well we plan, sometimes we find ourselves unable to file our taxes on time. If you find yourself in this situation, have no fear, help is available. You can get an automatic extension of six months by … Continue reading

Posted in E-file, Government, IRS, IRS Video, Personal Finance, Planning Strategies, Tax Extensions, Tax Refunds, Tax Relief, Tax Tips, YouTube | Tagged , , , , , , , , , , , , , , , , , , , ,

Tax Refund Offsets Pay Unpaid Debts

The following article was published by the IRS. If you can’t pay your taxes in full, the IRS will work with you. Past due debts like taxes owed, however, can reduce your federal tax refund. The Treasury Offset Program can … Continue reading

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