Most individuals in Dallas have the view that without earning money, they are not entitled to a tax refund. That is the rational thing to do, but not always. The special rules issued by the IRS provide that some individuals who have little or no income can still get back the money. We will go […]
If You Have No Income, Can You Get a Tax Refund? Read More »
It is always thrilling to get a bonus on the job until you realize the amount you will pay in taxes. A lot of Dallas workers are appalled when their bonus checks appear to be significantly lower than anticipated. You may be asking yourself how so much of your bonus is going to taxes when
Why Are Bonuses Taxed So High? Read More »
Home business is convenient and comfortable, yet it has tax advantages that most business owners fail to make the most of. The federal home office tax deduction is a very beneficial tax reduction that can make a big difference in your tax bill if you know the regulations and use them properly. To the Dallas
How Small Business Owners Can Deduct Their Home Office From Their Taxes Read More »
When you are listening to the news, you may be wondering what the cut in federal reserve interest rates is going to do to your wallet and taxes. The rate of interest is similar to the cost of money. Lower rates make it easier to borrow money, and this can alter spending habits by families
How Rate Cuts Typically Influence Finances and Taxes Read More »
The purchase of a house is a happy process, and it is easy to become confused with the information about the tax deductions. The home loan tax deduction is an issue that many Dallas homeowners come to us to ask about and to know the impact of the tax deduction on their taxes. The positive
Is Mortgage Interest Deductible? How to Maximize Your Home Loan Tax Deduction Read More »
It can help you save big dollars by knowing which home improvement can give you a tax deduction. One should however be careful of the IRS rules on what constitutes deduction and capital improvement deduction as a mix up would result in missing out on tax benefits or complications during an audit. This guide will
Are Home Improvements Tax Deductible? Read More »
Turning 65 is a big deal! You receive elder discounts at restaurants, early deals, and, better yet, additional tax reductions by the IRS. The government even gives you a bonus on your taxes just because you are 65 or older. Consider it the thanks you give to all those years of paying taxes to the
2024 Standard Deduction Over 65: Your Guide to Senior Tax Benefits Read More »
It is tax season every year, and millions of Americans find themselves wondering the same question; Do I really need to file this year? It is one of those financial questions that causes one to be awake late at night. It is more stressful when, on top of that, you are not certain enough whether
How Much Money Do You Have to Make to File Taxes? Read More »
Does the annual tax filing feel like a burden to you? Well, you are not alone. Most Americans express distress over having to invest a substantial amount of their time and effort in filing their taxes. But what they fail to understand is that, beyond all the stress and paperwork involved, timely filing of federal
Why is It Important to File Your Federal Income Taxes Every Year? Read More »
If you are married and filing jointly in 2026, your main focus should be on how to keep as much of your income as possible. Originally, the 2017 Tax Cuts & Jobs Act was set to expire in 2025. But the One Big Beautiful Bill changes the story. It has been extended and made permanent,
2026 tax brackets married filing jointly Read More »