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Nov 2, 2020Choosing the Correct Filing Status
Believe it or not, something as simple as your filing status determines your filing requirements, standard deduction, tax credit eligibility, and your overall tax. Each tax year has a standard deduction based off of your filing status which is adjusted annually due to inflation. There are five filing statuses: Single Married filing jointly Married filing […]
adminJul 2, 2018Who must file taxes?
Whether you must file taxes depends on several factors, including your gross income, filing status, age, and whether you are a claimed as a dependent. For most U.S. citizens and permanent residents, the requirement to file is based on you gross income relative to the standard deduction for your filing status and age. The gross […]
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