by Michele Cagan | Feb 22, 2017 | Do Your Own Taxes, Personal Finance
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...
by Michele Cagan | Feb 22, 2017 | Do Your Own Taxes, Single Mom CPA
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...
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...
