Dr. Friday addresses the complexities of maximizing medical deductions on tax returns. She outlines the initial hurdle of surpassing 7.5% of adjusted gross income before itemizing deductions, a…
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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, an enrolled agent and president of Dr. Friday's Tax and Financial Firm, shares her extensive experience in tax representation and resolution. For over 15 years, Dr.…
ListenDr. Friday discusses strategies for taxpayers who itemize deductions, particularly focusing on charitable contributions. She explains that for those who itemize, consolidating several years' worth of charitable donations…
ListenDr. Friday, the head of Dr. Friday's Tax and Financial Firm, delves into the intricacies of the Earned Income Tax Credit (EITC) for the year 2023. She explains…
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Understanding the Student Loan Interest Deduction: Navigating Income Limits
Deductions & credits
Dr. Friday, President of Dr. Friday's Tax and Financial Firm, elucidates the intricacies of the student loan interest deduction. This tax benefit allows borrowers to deduct up to…
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Navigating Student Loan Interest Deductions: Understanding Income Limits
Deductions & credits
Dr. Friday, president of Dr. Friday's Tax and Financial Firm, discusses the crucial aspects of student loan interest deductions. The focus is on the income thresholds that affect…
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Maximize Savings with the Lifetime Learning Credit – Dr. Friday’s Tax Insights
Deductions & credits
episode, Dr. Friday illuminates the benefits of the Lifetime Learning Credit, a valuable tax break for education expenses. She explains that taxpayers can claim 20% of their first…
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Understanding the Child and Dependent Care Credit: Key Eligibility Criteria
Deductions & credits
Dr. Friday, President of Dr. Friday's Tax and Financial Firm, delves into the important aspects of the Child and Dependent Care Credit. She emphasizes that this credit is…
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Maximizing Your Child Tax Credit in 2023: Essential Filing Tips
Deadlines & filing
Dr. Friday, President of Dr. Friday's Tax and Financial Firm, sheds light on the Child Tax Credit (CTC) for the 2023 tax year. She emphasizes the importance of…
ListenDr. Friday, the President of Dr. Friday's Tax and Financial Firm, emphasizes the significant financial benefits of filing tax extensions early. Discussing the potential 25% penalty for late…
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Understanding E-File Opening and Refund Dates for 2024 Tax Season
Deadlines & filing
Dr. Friday, President of Dr. Friday's Tax and Financial Firm, addresses the eagerness of taxpayers who have received their W-2s and are ready to file their taxes. She…
ListenDr. Friday, President of Dr. Friday's Tax and Financial Firm, delves into the various factors that influence the timing of tax refunds. She emphasizes the importance of electronic…
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