by PSA CPA | Jun 1, 2024 |
The main tax relief for teachers is the Educator Expense Deduction. To qualify for the Educator Expense Deduction in any given year, you must fulfill three criteria: You worked as an educator, instructor, advisor, principal, or aid for children from kindergarten to...
by PSA CPA | Jun 1, 2024 |
Raising a child can of course be expensive, including the cost of child care, basic living expenses, and college tuition, and these prices are frequently rising. However, parents may benefit from tax credits for schooling, child care, or for simply having kids. The...
by PSA CPA | May 1, 2024 |
Let’s all breathe a collective sigh of relief now that this year’s tax return has been filed. But now that this year’s filing is done, what might you have done differently? One typical error that people make is not thinking about their taxes until it...
by PSA CPA | Apr 1, 2024 |
The IRS generally has three years to audit a tax return, beginning with the later of the return’s due date or the day you submit. You can also file an amended return within this time window if you missed anything. Here’s what you should know about keeping...
by PSA CPA | Apr 1, 2024 |
Filing jointly or separately The IRS deems taxpayers wedded if they are legitimately married under state law, reside together in a state-recognized common-law marriage, or are separated but do not have a separation maintenance or final divorce decision at the...
by PSA CPA | Mar 1, 2024 |
So, you submitted your tax return on time and intended to forget about taxes for another year. But you’ve recently uncovered an error on your federal tax return. What are you doing? Do you submit a fresh return with the Internal Revenue Service and advise them...
Thanks this was helpful