Wondering how the coronavirus pandemic will change the way you file your taxes? You’re not alone. The COVID-19 pandemic changed everything about the year 2020, and it’s made the tax filing process a bit more complicated. Here’s what you need to know about the coronavirus and your taxes before you file in Round Rock, TX. […]
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Helpful Tax Deductions and Credits for 2021
Are you getting ready to file your 2020 taxes in Round Rock, TX? As everyone knows, the coronavirus pandemic affected practically every aspect of life, and your taxes are no exception. Here’s what you need to know about any special tax deductions and credits to consider for tax season in 2021. Medical deductions One of […]
What Is the Franchise Tax? Here’s an Overview of What You Should Know
The franchise tax is a type of tax paid by certain organizations or enterprises that want to operate in some states. It essentially grants the business the right to charter or operate within state limits. Companies in some states could be liable for the tax even if they’ve been chartered in another state. It should […]
How to Claim Your Stimulus Check on Your 2020 Taxes
Are you still waiting on money from either round of COVID-19 stimulus checks? If you haven’t gotten it by now, your best bet to get the money is to add it into your tax return with the Recovery Rebate Credit. Wondering how to claim your stimulus check on your 2020 taxes in Round Rock, TX? […]
Itemizing Your Tax Deductions: What You Should Know
Every year when you file your tax return, you have the option to either take the standard deduction or itemize your tax deductions in Round Rock, TX. Your choice will largely depend on how much money you stand to save (or get back) with either option. The vast majority of people take the standard deduction […]