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Can you still get tax free back to school shopping?

Are you a little late on back to school shopping?

There’s some good news for you. States have been cutting you some slack when shopping for items such as computers, notebooks, clothes and even some home goods (for college dorms) for the month of August.

However, it depends on what each state determines which items are tax-free. There also may be a price cap per item to qualify for no sales tax. Let’s take a look at which states still offer tax-free shopping. Continue reading “Can you still get tax free back to school shopping?”

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It’s Back-to-School & Time For Your Refund!

back to school

It’s back to school time, so here are some tips for your taxes!

Attention parents:

  1. Get up to $2,000 for the Child Tax Credit if your child is under 17, resided for more than half the year with you, a dependent on your tax return, your relative, a U.S. citizen, national or resident alien. The refundable amount of the credit goes up to $1,400.
  2. If your child is under 13, claim the child and dependent care credit for child care expenses.
  3. Depending on your income, you can claim the Earned Income Credit (EIC).
  4. The Adoption Tax Credit reduces your tax for fees related to court, attorney, travel and meal expenses. You can also claim the Special Needs Credits for all relating child’s special needs expenses.
  5. If you’re paying for your child’s college education, claim the Education Credit for tuition, mandatory supplies and related fees.

Continue reading “It’s Back-to-School & Time For Your Refund!”

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What is the Tax Refund Schedule for 2018?

tax refund schedule 2018

Do you feel like you’re playing the waiting game?

You might be wondering how long it takes for you to receive your refund. Typically, the IRS issues tax refunds in less than 21 days as long as there are no discrepancies.

If you are due a refund, it may take longer depending on the situation or time your financial institution takes to direct deposit or mail it to you.

Here are some situations that may prevent you from receiving your refund:

Continue reading “What is the Tax Refund Schedule for 2018?”