I am Dr. Friday an Enrolled Agent, licensed with the Internal Revenue Service to do taxes and representation. I do not work for the IRS. I work for…
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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
This I like to think of is more of the hidden tax, the alternative minimum tax, or AMT tax. A lot of people don't really know about it…
ListenChild tax credits on the American Rescue Plan we call the ARP act of 2021. They temporarily expanded the child tax credit for allowable families to claim the…
ListenAdoption tax credit. For those who adopt a child, you can receive a credit of up to $14,440 that is qualified adoption expenses are required for the year…
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What’s The Difference Between a Tax Credit & A Tax Deduction?
Deductions & credits
People are always asking, "what's the difference between a tax credit and a tax deduction"? And one can be a lot more effective than the other. For example,…
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2021 Tax Changes And Tax Help
We know in the last year we have had a lot of tax changes. We know that several tax acts have passed. And let's go through and see…
ListenIt is April the 15th. Not everyone gets so excited about April the 15th. But you know, when you're a tax nerd like I am, it is a…
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Remember That Unemployment Benefits Are Taxable
Under the new Act that passed on the 21st of December 2020, many people started to qualify for additional unemployment benefits. That would have been a $300 additional…
ListenThis year, you're going to have $12,400 for a single filer and $24,800 for a married couple as our standard deduction. Now, if you haven't filed your taxes…
ListenInterestingly enough, because you weren't able to work a full schedule in 2020, you may have received some 1099's for sick pay or money your employers paid you…
ListenI love this question. I get asked this question at least a few times every time I prepare a tax return every month. "Can I deduct my dog…
ListenMaybe you filed your tax returns back in February and another form shows up. You didn't think you were gonna get it or maybe even it's a corrected…
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