In this episode, Dr. Friday explains the benefits of the Adoption Tax Credit, which offers up to $16,810 in dollar-for-dollar tax savings. Although not all of the credit…
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Dr. Friday Tax Tips - One Minute Moment
One-minute tax tips from Dr. Friday. Quick answers to the questions clients ask most, more than nine hundred of them.
982 episodes
Dr. Friday breaks down the 2024 itemized deduction limits, noting that singles have a limit of $14,600, married couples $29,200, and heads of households $21,900. Those over 65…
ListenDr. Friday discusses the upcoming reduction in the Child Tax Credit for 2024, highlighting that the credit will decrease to $2,000 for children under 17 and $500 for…
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Tax Day 2023: Final Reminders for IRA, HSA Contributions and Estimated Payments
Deadlines & filing
Dr. Friday, president of Dr. Friday's Tax and Financial Firm, reminds listeners that Tax Day 2023 has arrived. She emphasizes the importance of making final contributions to IRAs…
ListenAs the tax deadline approaches, Dr. Friday urges listeners who haven't filed their taxes to submit Form 4868 and pay their estimated tax liability to avoid penalties. By…
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IRS Requires Proof of Original Cost for Personal Items Sold at a Gain
Dr. Friday, president of Dr. Friday's Tax and Financial Firm, warns that selling personal items at a gain can trigger a 1099-K from the IRS. To properly report…
ListenIn this episode of Dr. Friday's Tax Tips, the focus is on claiming tax deductions for small business startup expenses. Dr. Friday explains that these expenses don't necessarily…
ListenIn this episode of Dr. Friday's Tax Tips, the importance of accurately claiming dependents on tax returns is discussed. Dr. Friday cautions listeners about claiming their girlfriend's children…
ListenIn this episode of Dr. Friday's Tax Tips, Dr. Friday addresses a common question among taxpayers who have already filed their taxes: "Where's my refund?" She provides two…
ListenDr. Friday emphasizes the importance of taking your time when filing your taxes. Many mistakes occur when people rush to file their taxes or are overly eager to…
ListenAs the tax season comes to a close, it's crucial to consider filing for an extension if you anticipate any delays in submitting your tax return. Dr. Friday,…
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Don’t Give Up When Dealing with the IRS
Dr. Friday, president of Dr. Friday's Tax and Financial Firm, offers valuable advice for those dealing with the IRS. She emphasizes the importance of persistence when communicating with…
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