Has it really been five years since Credit Karma started Credit Karma Tax? Credit Karma tax is a free-ish way to file your taxes for free. While Credit Karma tax started out with some bumps it is now old enough to have chased out a lot of the bugs. And, it is time to update …
Credit Karma Tax Review Free Scam or Good Filing? Read More »
What is the standard deduction amount for 2020? The IRS updated the number and it’s a little bit higher this year. When filing income taxes, taxpayers can choose to either itemize tax deductions, or take the standard tax deduction amount. The IRS adjusts how much the standard deduction is each year based upon inflation. The …
Now that the April 15th deadline is behind us, the best personal finance advice you can take is to start planning for your 2020 Income Taxes now. That way, you will be ready to take advantage of all the 2020 tax tricks, tips and deductions you can. Sure, last minute tax advice and finding those …
New 2020 Tax Numbers Released By IRS For Filing 2020 Income Taxes in 2021 Read More »
Patreon is a website that allows people to contribute funds to support the work of artists and creators. When you get money, do you have to pay taxes on Patreon? If so, what are the Patreon taxes for creators? Let’s start from the beginning. Patreon is deliberately misspelled, likely because patron.com was already taken and …
Higher gas prices have one silver lining: a higher IRS mileage deduction standard rate. Every year, the IRS updates the standard amount one can deduct for each mile driven for business or miles driven for charitable purposes. The amount of the IRS standard mileage rates deduction is based upon various different factors, but the price …
The 2018 IRS Form 1040 has been out for a while now. Unfortunately, more than a little bit of the new tax law is on shaky ground while the government is shutdown and the IRS is playing catch up with its remaining staff. That being said, it’s time to take a quick look at the …
Hey, guess what I found? It’s an economic document focused on Colorado! Whoop! Whoop! Finance Nerd Alert! The Colorado Legislature’s December 2018 Economic Forecast is out. There’s always plenty of good stuff in there for a finance geek to look at and see both how the Colorado economy is doing, and how the Colorado Legislature …
It’s time to dig into how the new Republican tax law is actually going to affect you and yours this coming tax season. While it has been a while since the law was passed, it takes some time for the IRS to iron out the actual rules. Plus, you have to wait for the year …
As you are probably aware, your taxes are due today. Tax Day came a bit late thanks to a Washington D.C. holiday, and the 15th being on a Sunday. Don’t forget if you are little bit behind that you can get a free, no-questions asked, automatic extension to file your taxes just by filling out …
Wondering how long you should keep tax documents in case of an audit? In most cases, you only need to keep things like receipts, non-profit letters, and other tax deduction proof for three years. There are some exceptions, of course. When To Destroy Tax Records Most of the exceptions to keeping your tax records for …