What is Lifetime Learning Credit?

Lifetime Learning Tax Credit 2018: Every day we receive many calls regarding the information on LLC-Lifetime learning credit,we have understood the tax payers curiosity in knowing the information for this we have mentioned relevant required information below which will help our clients and taxpayers have clear understanding about the education credit is also called LLC which […]

Earned Income Tax Credit (EIC) 2018

Earned Income Tax Credit, is known by EITC or EIC is a tax benefit for the people who are working in the United States of America with low income. The taxpayer needs to meet certain criteria to be eligible for EIC since it reduces your tax or may even give you a refund since it […]

Amendment Tax Return

Amendment Tax Return : Non-Residents (Students who are in the USA on F1) or Resident aliens or Citizens can go for Amendment tax return. Amendment of any filed tax returns or last three years filed tax returns will help taxpayers to get their lost credits, deductions, exemptions on their tax returns which can help them […]

What is Married Filing Jointly (MFJ)?

Married Filing Jointly – MFJ: Both the spouses income whether earned or unearned income can be added on MFJ tax return, in turn a primary tax payer can claim a standard deduction amount of $24000 on tax returns. Even if one spouse has income and the other does not still a husband and wife can file […]

Standard Deduction

Standard Deduction for Tax Year 2018 One hundred fifteenth congress of the United States of America, under section 11000 short title standard deduction for tax years 2018 up to 2025 has been amended. Standard Deduction definition? United States of America tax law considers a federal standard deduction or state standard deduction is a fixed dollar […]