Posts Tagged ‘personal tax returns’
Do You Know the Difference Between an Itemized Deduction and a Standard Deduction?
Do you know the difference between an itemized deduction and a standard deduction? Deductions reduce the amount of taxes you owe when filing a federal tax return. That said, there are two types of deductions: The standard deduction, based on an IRS schedule, or the itemized deduction. Knowing which type of deduction is best for…
Read MoreKnow Your Taxpayer Rights
Best PersonalTaxPrep.com tax tip this year: Know your rights. Fifteen years ago, the IRS has created the Taxpayer Bill of Rights (TBOR). Since then, congress codified it as part of the tax code. That means the Taxpayer Bill of Rights is law and it applies to all U.S. taxpayers anytime they must deal with the…
Read MoreFile Free at IRS Free File
File Free at IRS Free File If you just want to get your 2019 personal tax return filed, the IRS wants to make it easier to do. At IRS free file if you earn less than $69,000 in 2019, you can log onto IRS.gov to choose your free file product. You can find both federal…
Read MoreTips to Organize this Tax Season
It’s a new year and that means it is tax season! Ready? If yes, great. See you next time. If your tax documents are not organized, here are some tips that can help. Designate an easy to access place for all your 2019 tax documents. Do not mix tax years, but do make sure the…
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