Liz's Tax Service

05/24/2022

Have you reached your goal and made it through tax season yet? (praying)

02/08/2022

So, I was asking myself the other day, "If I file a joint return, do I need a joint bank account for my direct deposit from the IRS?" (Just in case you are lucky enough to receive a federal refund!!!!! Yay, isn't that all what we are hoping for :) ).

"Yes, for the federal return.

When filing a Married Filing Joint (MFJ) return the IRS allows MFJ refunds to be direct deposited into accounts in your name, your spouse’s name or both (joint account).

However, rules vary by state and financial institution; to be sure, verify with your financial institution if they accept joint refunds into individual accounts." (Please PM me if you need help filing anytime or if you have any specific questions :) ).

-- Intuit/Turbo Tax https://ttlc.intuit.com/community/after-you-file/discussion/can-i-deposit-a-joint-tax-return-into-my-individual-bank-account/00/719547 #:~:text=Yes%2C%20for%20the%20federal%20return,or%20both%20(joint%20account).

Can I deposit a joint tax return into my individual bank account

01/12/2022

If you need help e filing this year for a nominal fee (I use PayPal and Square Invoice), please PM me :)

01/03/2022

Do you need ideas about organizing your receipts? :) :) :) PM me anytime :)

12/23/2021

Please let me know if you are going to need help this upcoming tax season :) Happy to help :)

10/17/2021

https://www.irs.gov/newsroom/irs-provides-tax-inflation-adjustments-for-tax-year-2021

IR-2020-245, October 26, 2020 — The Internal Revenue Service today announced the tax year 2021 annual inflation adjustments for more than 60 tax provisions, including the tax rate schedules and other tax changes. Revenue Procedure 2020-45 provides details about these annual adjustments.

10/17/2021

https://www.irs.gov/newsroom/back-to-school-reminder-for-parents-and-students-check-out-college-tax-credits-for-2014-and-years-ahead

A little late on this information as we are well into the school year!

IR-2014-90, Sept. 15, 2014 ― The IRS reminded parents and students that now is a good time to see if they will qualify for either of two college tax credits or any of several other education-related tax benefits when they file their 2014 federal income tax returns.

09/06/2021

https://www.google.com/amp/s/amp.marca.com/en/lifestyle/us-news/2021/09/06/6135b42022601de9438b45ed.html

Even if a fourth stimulus check is unlikely to be sanctioned at the federal level, millions of Americans will receive further stimulus payments through their state governments. Sev