Tax Preparation Checklist with nice mug of coffee and computer. #taxtips #taxplanning

Why a Tax Preparation Checklist Will Make Your 2021 Season Easier

Preparing for the tax season doesn’t have to be hard or bothersome, but the main way to make it stress-free is to have a tax preparation checklist.

A tax checklist shortens the amount of time you will need to spend trying to remember what important documents your Tax Preparer may ask for.

Sometimes it’s the little items we forget to have ready that can cause the tax preparation process to be a bit draining and annoying.

I’m all about making the tax filing experience fun and easy for you to survive the 2020 tax season!

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Tax Deduction Checklist for Teachers

25+ Teacher Tax Deductions You’re Missing in 2021

Are you missing out on some of the most common tax deductions for teachers?

It’s understandable that the last thing you as a Teacher or any other Educator wants to worry about are tax deductions.

This daunting thought can also be the reason so many workers in the education field file too quickly in an effort to complete this task.

The job of a schoolteacher can be a grueling, with lots of stress, deadlines, and long hours. Plus, you’re probably using your own money for some work-related expenses.

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Guide to Social Security Benefits

Do You Have to Pay Taxes on Social Security Benefits?

Question of the Week: Should I file a Tax Return If I Receive Social Security Benefits?

Many people who receive Social Security benefits always wonder if their benefit is taxable and if they should file a tax return. To help answer this question, let’s first determine what Social Security benefits are.

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How to claim a child as a dependent on taxes.

Claiming a Dependent on Your Tax Return: TOP Rules YOU MUST KNOW

Did you know that there are certain rules for claiming a child dependent on your taxes?

Before you get started with your taxes this year, you’ll have to figure out if you can claim the dependent living with you.

A dependent can be broken down into 5 main areas which we will discuss on this article. Be sure to go through each scenario to see if your situation qualifies.

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Claiming tips on tax return.

When and How to Claim Tips on Your Tax Return

Do you know how to claim your cash tips on your tax return?

You may not know it, but all tips received are income and subject to federal income tax?

This includes tips:

  • Received directly
  • Charged tips paid by employer
  • Shared tips received under a tip splitting or tip pooling arrangement
  • The value of non-cash tips, such as tickets, passes, or other items

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