If you took on a side hustle last year to make ends meet and earn some extra cash, you may have found an unexpected surprise when you filed your taxes. If you did not prepare carefully, you probably ended up with a big tax bill for your troubles, possibly with penalties and interest added on. […]
IRS portal for Advance Child Tax Credit Payments
Still curious about the advance child tax credit you’ve been hearing about? Not sure if you should opt out? Long story short…. The #IRS increased the child tax credit for 2021. In order to help get that money out to families who need it now, they are advancing half of it in the form of […]
Here’s Who Will Get Advance Payments of the Child Tax Credit
Have you been wondering if you will be getting advance monthly payments of child tax credit? You might be getting $250 or $300 per month depending on your Childs age starting soon. There have been changes to the Child Tax Credit that will benefit many families as they receive advance payments starting in summer 2021. […]
9 Common Mistakes First Time Tax Filers Make That Can Land You In Tax Trouble
Being an adult has its perks, from being able to rent a car and book a hotel room to the chance to earn a living and rent an apartment. But life as an adult also comes with some challenges, including the burden of filing and paying taxes. If this year is the first time you […]
Recordkeeping Tips for Freelancers and Gig Workers So You Can Avoid Getting in Tax Trouble
Recordkeeping Tips for Freelancers and Gig Workers So You Can Avoid Getting in Tax Trouble If you are working as a freelancer or gig worker, you are certainly not alone. Millions of men and women are earning extra income driving for ride sharing services, designing websites for online entrepreneurs and writing for local businesses. Some […]
Do I need to file an extension for my taxes?
Tax Day 2021 – May 17, 2021 Today is the day to file an extension if you have not yet filed your 2020 tax return…… but don’t forget that the IRS still wants their money today regardless of an extension. What does that mean, exactly? If you extend your taxes and you end up owing […]