Tax Topics
Jackson Hewitt® is here to help you understand complex tax laws so you can be better informed and take full advantage of tax law provisions.
These topics explore some of the more important aspects of complicated tax laws, in a manner that is understandable and concise.
Generally, you are self employed if you Operate as an independent contractor Are the sole proprietor of a business or you practice a trade In some way or another are in business for yourself Things to know Medical insurance costs
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If you receive an audit notice from the IRS, you need to acknowledge it and respond promptly. If you had your taxes prepared at Jackson Hewitt, then you should contact your local office before sending information or additional money to
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If you were married or divorced last year and filed with the Social Security Administration (SSA) for a name change but your Form W 2, Wage and Tax Statement, still has your previous name, you can still send the Form
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Making charitable contributions is an easy and effective way to lower your taxes. You are eligible to take a deduction for contributions or gifts made to certain qualified organizations. The contributions can either be in the form of money or
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How to determine if you can claim a dependent. Do you meet the requirements?
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The Earned Income Credit (EIC) is a refundable federal tax credit for eligible individuals and families who have earned income. You have earned income if you work for someone who pays you or if you work in a business you
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The education of your children, or even of yourself and your spouse, can be a major investment. Knowing if your college age child is still a dependent, what scholarships are taxable, and which tax credits are available can be confusing.
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Every year, some employees overpay their income taxes due to overlooked deductions or forgotten expenses that would otherwise lower their tax liability. Do not let this happen to you. Jackson Hewitt Tax Service is in the business of saving you
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Tax Filing Status Every year, some employees overpay their income taxes due to overlooked deductions or forgotten expenses that would otherwise lower their tax liability. Don't let this happen to you. Jackson Hewitt Tax Service is in the business of
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Jackson Hewitt offers two ways to file your tax return customers can choose IRS e file or request that we mail a paper return to the IRS. Click one of the following links for more information on filing your return Filing a Paper
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Click one of the following links for more information on how one of the following events may affect your tax situation Buying a Home Owning a Home Selling Your Home Contact your local Jackson Hewitt office for more information. Buying
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An Individual Retirement Arrangement (IRA) is a tax deferred savings plan for retirement. Earnings on a traditional IRA are not subject to tax until they are withdrawn. Contributions are limited to a combined total of $4,000 per year per
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IRS e file is the electronic transmission of your tax return to the IRS. Jackson Hewitt provides free electronic filing of federal and state returns for all customers who pay for tax preparation. For a fee, we can also e file
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You may have changed jobs during the year or your employer may have transferred you to a new location. If your job change required you to move to a new location, and you meet the following qualifications, you can deduct
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You might be able to deduct travel expenses if you are an employee who temporarily travels away from your tax home for business purposes. You are traveling away from home if both of the following apply Your duties require you
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If you want to take a deduction for the business use of your vehicle, you must decide whether to deduct your actual expenses or use the standard mileage rate. The standard mileage is easier to calculate and, if the
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Click one of the links to learn more about deductible medical-related expenses Contact your local Jackson Hewitt office for more information.
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For federal tax purposes, the United States Armed Forces includes commissioned officers, warrant officers, and enlisted personnel in all regular and reserve units under control of the Secretaries of the Defense, Army, Navy, and Air Force. Contact Jackson Hewitt Tax Service to learn more about the tax credits and deductions for Military Personnel.
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There are certain tax situations that may apply to older taxpayers. It is important to understand the way the tax law af
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Pension plans are set up and maintained through your employer. Your employer sets up a plan based on strict IRS guidelines and offers the plan to each of its employees. There are many types of plans available. Read more here, or visit your local Jackson Hewitt Tax Service office.
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Income tax regulations place the burden of proof on the taxpayer. Because of this, to prepare your tax return, you need to keep accurate records that support the income, expenses and credits you report. Click View Topic below to learn more.
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If you own rental real estate, you should know how it impacts your personal tax return. Rental income must be reported on your tax return, and generally, associated expenses can be deducted from your rental income. Click View Topic, below, to learn more.
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The uniform definition of a child includes the following Child A natural child, stepchild, adopted child, or eligible foster child Adopted child A child legally adopted, or a child lawfully placed by an authorized placement agency for legal adoption this
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