Due to the outbreak of the novel coronavirus, COVID-19, millions of United States residents have been forced to shelter in place in recent months, and the result has been a tremendous downturn in the U.S. economy. As businesses in every sector of the economy struggle just to keep the lights on, however, there is a […]

The doubling of the standard deduction under the Tax Cuts and Jobs Act of 2017 has resulted in more people than ever forgoing itemization on their taxes and instead just opting for the larger standard deduction to simplify the process. However, there is still a decent portion of Americans who will itemize their taxes, meaning […]

Most Americans dread tax time, and none more so than those who expect to have to pay the IRS this year. A lot of people assume that if they don’t file, they can just “catch up” next year, no harm, no foul—but that couldn’t be further from the truth. The IRS wants to get paid, […]

Every year, taxpayers have a deadline of mid-April for filing and paying their taxes. While some people will apply for extensions that give them until October, many others will file and pay much earlier in the year, some before January is even over with. As much as you might want to procrastinate with regard to […]

After you’ve filed your taxes, it’s understandable to be a little anxious about whether or not you went through the process correctly. This is especially true if you’ve done your own taxes—when you work with a professional you can trust in their knowledge and experience, but when you file your own taxes it can be […]