by MTS Tax Preparation, Planning, and Financial Literacy | Jul 29, 2021 | Tax Tips and News
The Internal Revenue Service is continuing to move individual income tax features into the digital age. The agency’s latest move gives taxpayers digital control over who can represent them or view their tax records. The new feature is one of the recent upgrades...
by MTS Tax Preparation, Planning, and Financial Literacy | Jul 29, 2021 | Tax Tips and News
The Internal Revenue Service has long allowed educators to deduct part of the cost of supplies and other expenses from their taxes. The total deduction allowed may not sound like much, but educators all over the U.S. have come to depend on this tax break for a little...
by MTS Tax Preparation, Planning, and Financial Literacy | Jul 29, 2021 | Tax Tips and News
Let’s face it: higher education is expensive, whether it’s community college, a trade school, a four-year university or an advanced degree. That’s where higher education tax credits come in. Credits reduce the amount of tax owed by qualified taxpayers. Some credits...
by MTS Tax Preparation, Planning, and Financial Literacy | Jul 29, 2021 | Tax Tips and News
Live long enough, and we all come to realize there are still a few universal truths: Everybody likes to save a little time. Everybody likes options. Everybody likes things to be easy. When it comes to dealing with yearly income taxes, the Internal Revenue Service...
by MTS Tax Preparation, Planning, and Financial Literacy | Jul 29, 2021 | Tax Tips and News
With summer comes the prospect of a summer job for college students. Many times, their top priorities are twofold: Get some valuable work experience that can help them snag a choice position once they’ve graduated Make some spending money while they’re at it It’s...
