What is Married Filing Jointly (MFJ)?

Married Filing Jointly – MFJ: Both the spouses income whether earned or unearned income can be added on Married Filing Jointly 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 […]

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 […]

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 […]

How To File Taxes: Guide for Filing Your 2018 Taxes

How To File Taxes: Is Filing Taxes is a tedious task? Yes! filing the United States Tax Returns has always been a difficult task since there should be a thorough evaluation is required to choose the eligible deductions, credits etc. Choosing incorrect Form, Filing Status, Claiming Ineligible credits and the other tax benefits can lead […]

Can I File Head of Household Filing Status?

What is head of household filing status (HOH)? Head of Household (HOH) is a filing status chosen on tax returns to get standard deduction of $18000 for tax year 2018. A taxpayer can choose to file head of household filing status if married or unmarried, but should be taking care of the home or qualified person’s […]