Things to know about tax credits. First, we love tax credits because of tax credit subtracts the total amount from the taxes you owe. We talked about deductions…
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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
If you haven't filed taxes in a number of years, if you know somebody or you've talked in the you know that maybe your children or your parents…
ListenA few things to know about deductions. Deductions can reduce the amount of a taxpayer's income before they calculate taxes owed. Most people take the standard deduction. The…
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Is Tax Season Prime Time for Phone Scams?
And we have gotten a tax alert from the tax scam at the IRS. Apparently tax season is a prime time for phone scams. So if you hear…
ListenFor many of you, you're still sitting out there saying I haven't got my refund for 2020. I'm still dealing with 2021. Do I file a 2022 tax…
ListenEstate and gift tax. There are a lot of misconceptions out there. I know I always talk about what you do not have to file a gift tax…
ListenHealth savings account. I am a huge advocate for self employed, especially since some employers offered Health Savings Accounts HSA, and you can contribute up to 6850 for…
ListenMoving expense. Guys, it's no longer deduction since December 31, 2017, through January 1 of, 2026; it has been suspended. So that means if you have relocated even…
ListenStandard deduction vs. itemized deductions. We know since 2018, we've had much larger standard deductions. Therefore, itemizing has become difficult. It doesn't mean that it's zero. The problem…
ListenChild Tax Credit. It's not so much that we have a child tax credit I want to touch on, but who qualifies for a child tax credit? There…
ListenNow is the time to start thinking about getting your taxes straight as an enrolled agent licensed by the Internal Revenue Service. It's what I do. It's what…
ListenAnd you know, I have a number of clients, and one of the first things they always try to do is, "How's my withholding not being enough? And…
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