by Michele Cagan | Feb 21, 2017 | Do Your Own Taxes, Get Help When You Need It, Single Mom CPA
Tax season is in full swing, and the rush to file is on. And every tax season, millions of taxpayers (and many tax preparers) make mistakes. The five most common mistakes aren’t about typing in wrong numbers, math mistakes, or forgetting to include interest income...
by Michele Cagan | Feb 17, 2017 | Do Your Own Taxes, Personal Finance, Retirement Planning, You Need to Know This
UPDATED FOR 2021 Most people have no idea they could shrink their tax bills by up to $1,000 extra. But it’s actually very easy. Plus, it’s in the form of a tax credit – called the Saver’s Credit – that benefits you twice. First, this is a tax credit, not a tax...
by Michele Cagan | Feb 17, 2017 | Do Your Own Taxes
UPDATED FOR 2021 When you’re doing your taxes, you probably focus on your taxable income and income tax due. But there’s another really important number to look at, and it determines a lot about your tax bill. That number is called adjusted gross income, or AGI. AGI...
by Michele Cagan | Feb 17, 2017 | Do Your Own Taxes
It’s official – it’s tax season. I’m crazy busy. And I want to make sure you have all the information you need to pay the absolute minimum in taxes this year. Over the next two months, I’ll be posting dozens of tax tips, all designed to keep your tax bill low, reduce...
by Michele Cagan | Feb 15, 2017 | Do Your Own Taxes, Personal Finance
Lower your income tax bill by taking advantage of every single deduction you can… and that includes some rarely-used but totally legit tax breaks that can put more money back in your hands. Each of these little-known deductions comes with its own set of twists and...
