tax-filing

Ten Terrific Tax Tips

With the tax-filing deadline looming, here are ten tips to help make this year’s filing a breeze. 1. Lost your job? Could be good news!  You might quality for the Earned Income Tax Credit.  And since unemployment benefits do not count towards eligibility, only take your regular wages into account.  For a single, childless taxpayer, you need to make less than $13,980, with two children you qualify with less than $41,952.  2. Report it all! If you did receive unemployment benefits, including disability payments or assistance that falls under the Disaster Relief and Emergency Assistance Act, you should have a Form 1099-G to report your income.  3. Last call for the American Opportunity. The American Opportunity Tax Credit,...