Financial Blog
5 Things You Don’t Know About the EITC
The Earned Income Tax Credit, or EITC, is one of the biggest tax credits you can get, but many eligible taxpayers – including single moms – don’t claim it. People have a lot of mistaken ideas about this highly beneficial tax credit, like it’s only for very poor people...
Easier Isn’t Better When It Comes to Tax Forms
It’s tempting to use the (almost always) free and super easy tax form choices – 1040EZ and 1040A – but using them could make your tax bill higher than it needs to be. If you have a very simple tax situation – single, no kids, a W-2 job, a little interest income, for...
Which Tax Form Should Single Moms Use?
If you’re a single mom, you probably want your taxes to be as quick and easy as possible. But that could end up increasing your tax bill – and saving money can be even more important than saving time. Most single moms can’t use the 1040EZ – it doesn’t allow you to...
Five Most Common Mistakes Taxpayers Make
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...
Save An Extra $1,000 On Your Taxes With This Little-Known Credit
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...