The Daily Deduction Page 5

Several clients have come in to our Virginia Liberty Tax Service Office Locations with 1099 Forms, but have expressed concerns that they are NOT an independent contractor, but an employee and should h…

Many of our FAQs from community members are about their tax return status or how to track their income tax refunds. Luckily, you can track your tax refund with several useful tools.   Many taxpayers w…

How to plan a romantic Valentine's Day for you and your significant other without breaking the bank. Money doesn’t buy happiness, but saving can help you buy the things that add some excitement to you…

Changing your name can have a direct effect on your taxes – and you may have to add a step or two when it comes time to file your taxes.   Whether you were married, divorced, or just decided you were …

We’ve heard some stories from taxpayers who’ve tried to file tax forms by hand. A small mistake can draw the watchful eye of the IRS, who could ask you to file a tax amendment. That’s why we recommend…

If you still don’t have insurance, it’s important to enroll before open enrollment ends. With the Obamacare Penalty increase, it could be a costly mistake to ignore your last chance to sign up.   When…

With the IRS’ e-file open, have you filed your taxes and are expecting a refund any day now? Well, good news: taxpayers whose returns have been accepted and are expecting a refund should be receiving …

Citing budget cuts, Obamacare complications, and declining staff, the IRS is setting the expectation that taxpayers may have to wait on their income tax refunds.  The IRS remains hopeful and expects t…

What was originally enacted in 1975, the Earned Income Tax Credit has been one of the principal antipoverty programs in the federal budget. It is also one of the most costly credits if not prepared co…