March 2014

pstrongThe IRS can’t audit everybody but just how many taxpayers are being audited? Find out the percentage by income./strong/ppThere are over 200 million tax returns filed every year. There’s no way the IRS could audit all of them. So just how many of these returns are being audited?

pstrongWhen it comes divorce or being an unmarried parent, who gets to claim your dependents can be a bit tricky. Here’s what you need to know./strong/ppMany times, divorced or unmarried parents can cause headaches because both parents attempt to claim their son or daughter as a dependent.

pstrongEver wonder about what the Earned Income Tax Credit is? You just might qualify!/strong/ppEssentially, the Earned Income Tax Credit, also known as the EITC, is way to help US citizens that work hard but still have lower income. What’s great about this credit is that it is a refundable credit.

pstrongPutting off your taxes until it’s too late can be damaging./strong/p pFiling your taxes late can mean that you’ll owe even more money. Or, if you have a refund due, it can lessen how much you get back. Either way, you’re losing money./p