data and analysis
When do you claim the child care tax credit?
You claim the credit when you file your federal income tax return. You can claim the Child and Dependent Care Credit for “qualifying individuals.” A quali...
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media and communication
When is the deadline to file federal taxes for free?
Check . The deadlines to FILE and PAY federal income taxes are extended to July 15, 2020. Welcome to Free File, where you can prepare and file your federa...
science and technology
Can you carry forward tax credits?
A Credit Carryforward, also called a Carryover, allows you to apply a leftover amount of a previous year tax credit to a current year tax return. The eFil...
culture and society
Can a life insurance policy gain interest?
The life insurance company generally invests this money in a conservative-yield investment. As you continue to pay premiums on the policy and earn more in...
data and analysis
When do I have to file unfiled tax returns?
To calculate the six-year period, count backward from the current year due. If the IRS obtains managerial approval, you may be required to file unfiled re...
science and technology
What makes a state a state?
It must have a territory, with a permanent population, subject to the control of a government, and the capacity to conduct international relations (sovere...
environment and climate
Do you have to amend your tax return if you made a mistake?
If you’ve made errors related to basic math, you don’t have to amend your tax return. The IRS will actually make the changes for you! A lot of taxpayers a...
data and analysis
Do you need TurboTax to file prior years taxes?
Prior year tax returns cannot be electronically filed, however once you have prepared your return using TurboTax, you can print out a copy to mail to the ...
global affairs
Who can get premium tax credit?
Premium tax credits are available to individuals and families with incomes between 100 percent of the federal poverty line ($23,550 for a family of four) ...
civics and society
Can home sellers lie about multiple offers?
If you live in a market where there are now more buyers than there are homes for sale, you may encounter a multiple-bid situation. Those rules and laws wo...
news
What should my retirement contribution be?
Most financial planning studies suggest that the ideal contribution percentage to save for retirement is between 15% and 20% of gross income. These contri...
culture and society
How do you deal with a large order?
Here are five steps for handling bulk orders. STEP 1: Set up discounts for bulk orders. STEP 2: Check on stock with manufacturers/distributors. STEP 3: As...
environment and climate
When is the last day to file your 2017 tax return?
May 17, 2021 is the last day to file your original 2017 tax return to claim a refund. If you received an extension for the 2017 return then your deadline...