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Tax Credits vs. Tax Deductions
Nerdwallet March 5, 2019 Tax credits and tax deductions may be the most satisfying part of preparing your tax return. Both reduce your tax bill, but in very different ways. Tax credits directly reduce the amount of tax you owe, giving you a dollar-for-dollar reduction of your tax liability. A tax credit valued at $1,000, for […]
Here’s how tax reform affects taxpayers who claim the child tax credit
IRS Tax Tips February 27, 2019 Issue Number: Tax Reform Tax Tip 2019-15 Here’s how tax reform affects taxpayers who claim the child tax credit Many people claim the child tax credit to help offset the cost of raising children. Tax reform legislation made changes to that credit for 2018 and later. Here are some […]
5 unexpected tax breaks you can claim on your tax return
https://www.businessinsider.com/unexpected-tax-breaks-credits-deductions-tax-day-2019-2 Tanza Loudenback Grigory Dukor/Reuters There are several legitimate ways to pay less taxes. Tax deductions reduce your taxable income, while tax credits lower your tax bill. A few of the most under-the-radar tax breaks include deductions for jury duty and bringing your pet to work (but only if they’re working, too). There are several […]
10 Tax Breaks for the Middle Class
https://www.kiplinger.com/slideshow/taxes/T054-S001-middle-class-tax-breaks-and-deductions/index.html By Sandra Block, Senior Editor and David Muhlbaum, Senior Online Editor | February 19, 2019 If you believe that tax breaks are reserved for hedge fund managers and companies with offshore subsidiaries, you’re probably paying too much to the IRS. Lawmakers have enacted dozens of tax incentives targeted at middle-class families. Taking full advantage […]
The IRS warns of these latest tax scams and problems facing filers this season
Tax filing problems Yahoo Finance had a special visitor this week: the IRS National Taxpayer Advocate Nina Olson, who came by to give us a look behind the scenes at the IRS and shed light on some of the biggest problems facing filers today. The IRS’s Dirty Dozen calls out the worst of the worst tax scams, […]
Earned Income Credit
Contact the office of tax professionals, who will prepare your taxes honestly, accurately and professionally. Book your appointment NOW with The Tax Guy. Credentialed professionals are ready to serve you. Lucia Morel begins her third year with The Tax Guy. She speaks fluent Spanish. You can count on Lucia for all your tax needs. Joining us […]
The Tax Guy
Haha! Sorry, we can’t claim our pets on our taxes! But let’s get those done. Contact the office of tax professionals, who will prepare your taxes honestly, accurately and professionally. Book your appointment NOW with The Tax Guy. Credentialed professionals are ready to serve you. Lucia Morel begins her third year with The Tax […]
I think Homer might be pushing his luck a little Don’t be like Homer. Hire a tax professional to prepare your taxes honestly, accurately and professionally. Book your appointment NOW with The Tax Guy. […]
Identity Theft
The Tax Guy is the best tax preparation service in Connecticut, serving Hamden, New Haven, West Haven, North Haven, Wallingford, Cheshire, East Haven, Woodbridge and all of Southern Connecticut. For all your tax needs, contact The Tax Guy at 203-684-3512, or email at Tom@TheTaxGuy.us. Check out our website at www.TheTaxGuy.us and start your return for free! $99 […]
Summer Fun!
It is summer time, it only lasts for what seems like a fleeting moment before it is back to the drudgery of winter. Soak up some sunshine, seize the day….do some yoga on the beach. And when you get back down to earth, check out www.TheTaxGuy.us for the latest in financial tips and resources. Sign […]