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Where’s My Refund – IRS 2020

June 20, 2019 at 6:45 am | Tax | Editor -

As of any other tax year, the refunds are the biggest and the most exciting topic when it comes to taxes. Just like any other year, you can always track your refunds using the Where’s My Refund tool on the IRS website. Although the tool is easy to use, there are a few information that

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“Where’s My Refund – IRS 2020”

Tax Brackets 2020

June 13, 2019 at 11:40 am | Tax | Editor -

Every year, the IRS adjusts more than 40 tax provisions for inflation and changes on the cost of living in the United States. This includes well to the tax brackets each taxpayer fill in to prevent something called ”bracket creep” which is when people are pushed into tax brackets with higher tax rates or have

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“Tax Brackets 2020”

Will I Pay More Tax in 2020?

June 6, 2019 at 7:00 am | Tax | Editor -

After the changes with the Tax Cuts and Jobs Act, most taxpayers faced a shock when they heard the amount of tax they were going to pay. Although most of the changes were focused on to make the U.S. tax code simple and more understandable for everyone, lots of people were shocked when they heard

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“Will I Pay More Tax in 2020?”

Standard Deduction or Itemizing? Which One is Better for 2019/2020

at 3:02 pm | Tax | Editor -

Before the new tax reforms, around 55% to 60% of American taxpayers were choosing to take the standard deduction instead of itemizing their expenses. Now that the law has changed, the standard deduction amount is nearly doubled from $6,350 in 2017 tax year to $12,200 for 2019 tax year (taxes due April 2020). The number

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“Standard Deduction or Itemizing? Which One is Better for 2019/2020”

Above-the-line Deductions 2019/2020

at 12:56 pm | Tax | Editor -

The American tax code can often times be confusing and filled with misinformation. A lot of taxpayers speculate that if they choose to go with the standard deduction, there aren’t any other available deductions they can take. This is the farthest thing from the truth as there are still some available deductions you can take

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“Above-the-line Deductions 2019/2020”

Refund Status 2020

at 11:32 am | Tax | Editor -

Another tax year is finished for the majority of the taxpayers. This tax year and the last one was very beneficial for low and middle-income taxpayers with a doubled standard deduction and with a few doubled credits. Paying less tax means less tax liability and therefore you are highly likely to receive a refund from

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“Refund Status 2020”