Carpenter Evert’s Top Ten Tax Tips for 2014

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The Internal Revenue Service is providing tax tips on its website at  the IRS website between now and April 15 on a wide range of tax subjects. Carpenter, Evert and Associates has put together our top ten favorite IRS tax preparation tips for you.

Carpenter Evert’s Top Ten Tax Tips for 2014:

  1.  How to Choose Professional Tax Services  Make sure you are hiring the right professional to prepare your taxes.
  2. Are you Eligible for the Earned Income Tax Credit?  This tax credit assists middle and low income earners. See if you are eligible.
  3. Tax Return Information is Now at Your Fingertips  The IRS is making it easy to follow the status of your tax return this year.
  4. Don’t Miss Out on Important Tax Credits  Should you file a return this year? Don’t forget about some important tax credits you can only get by filing.
  5. Tax Benefits for Parents  One place kids can actually save you money is when you file your tax return. See the most common deductions for parents.
  6. How Will the Affordable Care Act Affect Your Taxes?  The IRS has designed a series of Health Care Tax Tips to help you understand how the ACA will affect you and your taxes.
  7. Do you Know Your Tax Filing Status?  It’s important that you use the correct filing status when you file your tax return. Find out which one is right for you.
  8. What to Know About Declaring your Tips  If you receive tips at your job, you need to know the ins and outs of declaring tip income on your tax return.
  9. Taxable and Nontaxable Income – What’s the Difference?  The IRS gives advice on what income is taxed and what isn’t.
  10. Tax Deductions for Charitable Contributions  Making a charitable contribution is a win-win situation. You’re helping a charity, and in turn you may be eligible for a tax deduction.

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