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6 Tips On Filing Taxes For The First Time

6 Tips On Filing Taxes For The First Time

At Bankrate we strive to help you make smarter financial decisions. While we adhere to stricteditorial integrity, this post may contain references to products from our partners. We are an independent, advertising-supported comparison service. You can choose an electronic deposit directly into a checking or savings account, or split your ...

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Filing Back Taxes

Filing Back Taxes

You need to carefully follow the instructions for each year and fill out your taxes. Make sure you are following the correct instructions for each year — do not use one year’s guidelines on another year. Using the correct guidelines for the year in which you didn’t file taxes prevent you from having to prepare your taxes a second ...

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Tax Extension

Tax Extension

However, in general, most states follow the deadline to file a Federal Tax Return Extension. Find out how to file a State Tax Extension for a particular state. Even if you do not have the money to pay the taxes you owe, you should e-file a Tax Extension or Tax Return. The potential IRS fees and penaltiesfor not e-filing anything are going to ...

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The Assessed Value

The Assessed Value

The calculator will return an estimate based on the information you provided. Partial interest transfers where less than 100% of the property has changed ownership. Make sure the assessment data is accurate and matches with the details of your property. The county may have many ways to detect changes in your home’s value, including ...

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Myths About Doing Your Own Taxes

Myths About Doing Your Own Taxes

There can be many caveats to “free” filing software, so it’s important to understand what fees you might end up paying. Being proactive can help you minimize your tax bill and hopefully maximize your return. Consider important questions about tax deductions and tax credits you may be able to claim. We think it’s ...

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How To Claim A New Child On Your Taxes

How To Claim A New Child On Your Taxes

If taxpayers are not the child’s parents, the one with the highest AGI can claim the dependent on their tax return. Finally, the child may not file a joint tax return unless to claim a refund for taxes withheld. However, the child tax credit is phased out at higher income levels. The credit is reduced to zero in stages as income rises ...

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