by Michele Cagan | Mar 7, 2017 | Do Your Own Taxes, Personal Finance
With all of the forms, and papers, and numbers, it’s very easy to make a mistake on your income tax return – it happens all the time. Sometimes it’s a missed signature, sometimes it’s a miscalculated tax credit, and still other times it’s a number typed in wrong. In...
by Michele Cagan | Mar 3, 2017 | Do Your Own Taxes, Personal Finance
Don’t ignore it. Don’t throw it out. And, most importantly, if you get a letter from the IRS about your Earned Income Tax Credit (EITC), don’t panic. The first thing to do is read the letter – it has all the information you need to clear up whatever the issue is...
by Michele Cagan | Mar 1, 2017 | Do Your Own Taxes, Single Mom CPA
If you’re paying down a student loan for either you or your child, you can deduct up to $2,500 of the interest on your tax return – and you don’t even have to itemize to get that deduction. Yes, there are limits on the amount you can deduct, but many Americans can...
by Michele Cagan | Feb 28, 2017 | Do Your Own Taxes, Managing Debt, Personal Finance, You Need to Know This
UPDATED FOR 2021 If you’re paying down a student loan, you can deduct up to $2,500 of the interest on your tax return – and you don’t even have to itemize to get that deduction. And while there are limits how much you can deduct, millions of Americans can...
by Michele Cagan | Feb 28, 2017 | Do Your Own Taxes, Single Mom CPA
Even the smallest issue with your Earned Income Tax Credit (EITC) claim gives the IRS a reason to deny your claim or delay your refund. And we single moms have so much going on all the time that it’s easy to overlook things and make mistakes. But one of the most...
by Michele Cagan | Feb 24, 2017 | Do Your Own Taxes, Single Mom CPA
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...
