2014 Taxes To 2025 Taxes

IRS Issues Proposed Regulations on Trump Accounts: How Families Can Claim the $1,000 Government Seed Money for Kids in 2026

Steven R Patterson — Sat, 07 Mar 2026 17:58:27 +0000

The recent announcement from the IRS will benefit your family because they have released financial assistance for families who have children under age 18 or who are expecting a child. The Treasury Department and IRS published their proposed regulations on March 6, 2026 which detailed the operational procedures for the new Trump Accounts and the required steps to establish an account and receive the $1,000 government seed money.

The One Big Beautiful Bill Act which President Biden signed into law last July created these accounts as special starter IRAs which help children build their savings and investment skills. Parents can … Read the rest about 2014 Taxes

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Understanding the Ohio Scholarship Donation Tax Credit

Steven R Patterson — Tue, 10 Dec 2024 22:42:03 +0000

The Ohio Scholarship Donation Tax Credit enables taxpayers to support their educational institutions with a tax benefit. The OSD credit allows the aforementioned credit on the individual taxpayer and pass-through category for the monetary donation during the tax year to one or more recognized Scholarship Granting Organizations; the credit is the lower of $750 or the sum of donations made to SGOs during the tax year. If it is filed jointly, then each spouse is entitled to take up to $750, so the total possible credit is $1,500.

Ohio Scholarship Donation Tax Credit

How to Find Certified SGOs

You … Read the rest about 2014 Taxes

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Millionaires cough up half a billion in overdue taxes as IRS clamps down on wealthy scofflaws

Steven R Patterson — Sun, 14 Jan 2024 02:44:17 +0000

Move over, Robin Hood – the real tax redistributors in town are wearing badges, not tights. The IRS announced today that it’s clawed back a whopping $520 million from millionaires who were shortchanging Uncle Sam. That’s right, folks, 1,600 members of the one-percent club finally settled their tab, proving that even seven-figure salaries can’t buy immunity from the taxman’s gaze. Read more about how the IRS clamps down on wealthy scofflaws.

Newfound Muscle

This windfall comes after the 2022 upgrade to the IRS’s enforcement arsenal. Flush with new funding and a mandate to crack down on high-income scofflaws, the agency … Read the rest about 2014 Taxes

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The Truth About the New Mortgage Tax for High Credit Borrowers

Steven R Patterson — Sun, 23 Apr 2023 19:12:59 +0000

Could it be said that you are stressed over another home loan charge for high credit borrowers? Get current realities and see whether this is truly occurring in this enlightening post about a New Mortgage Tax for High Credit Borrowers.

There have been tales circling about another home loan charge that unreasonably focuses on those with high FICO ratings. But are these assertions accurate? We’ll take a closer look at the facts in this post to help you figure out what’s really going on.

What is the new home loan charge for high credit borrowers?

There is no … Read the rest about 2014 Taxes

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IRS Tells Millions of Americans to Put Off Filing Taxes

Steven R Patterson — Wed, 08 Feb 2023 18:40:44 +0000

Millions of Americans are awaiting word from the Internal Revenue Service (IRS): They can now put off filing taxes until mid-May.

With millions of Americans unable to file their taxes due to the Covid-19 pandemic, the Internal Revenue Service (IRS) has announced that taxpayers can now hold off on filing until mid-May. The decision gives taxpayers several extra weeks to get tax documents in order and prepare for what could be a complicated filing process.

IRS Tells Millions of Americans to Put Off Filing Taxes

In 2020, due to the Covid-19 pandemic, the IRS extended the tax filing deadline … Read the rest about 2014 Taxes

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Turbotax Deluxe vs Premier

Steven R Patterson — Sat, 12 Nov 2022 21:17:41 +0000

Turbotax Deluxe vs Premier: Turbotax Deluxe is the best option for people who are not self-employed or have rental properties. It’s also a good option if you’re not eligible for the free version.

Turbotax Deluxe vs Premier

TurboTax Free Edition

Turbotax free edition is designed to allow low income families and individuals with qualifying incomes to file their taxes for free.

The qualifications for the Turbotax free edition are:

You must have a qualifying income
You must be a U.S. citizen or resident alien
You must not be eligible to use the other Turbotax editions

1099 Income

When someone is … Read the rest about 2014 Taxes

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H & R Block Stock Turn Around Opportunity

Steven R Patterson — Fri, 08 Apr 2016 14:20:24 +0000

Last month’s 21% drop in the shares of H And R Block stock should not be viewed as a reason to abandon your investment. Instead, the departure of investors that brought about the drop has the potential to provide the wise investor, with the insight to look to the future, with considerable gains from income in the upcoming quarter.

Photo by JeepersMedia H and R Block Stock

H And R Block admits that there has been a trend in the past four years of decreased third quarter earnings. In keeping with the established pattern, a decrease was expected this … Read the rest about 2014 Taxes

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H and R Block Giveaway $32 Million For Tax Season

Steven R Patterson — Thu, 04 Feb 2016 04:27:46 +0000

Tax Brand to Promote Sweepstakes in New TV Ads on H and R Block Giveaway

People who failed to win the Powerball should not be worried. H&R Block, Kansas City, Mo, based company, is planning to promote its services by giving away $1, 000 to 1, 000 consumers beginning with a lottery drawing on Saturday for 32 consecutive days. Since the price tag is $32, many people consider the H&R Block Giveaway a historical sweepstakes. Kathy Collins, the tax firm’s chief marketing officer, says the sweepstakes might be the biggest one of all time.
In 2014, H&R Block prepared … Read the rest about 2014 Taxes

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8 Tips For Making And Saving Money

Steven R Patterson — Fri, 02 Oct 2015 03:31:14 +0000

In just a few days, it will be 2016 and we are eager for its arrival. We have some big projects planned for this coming year and we are working hard now to prepare for success. Some of our time is being spent looking for ways to increase our income and reduce our expenses as a family, saving money In 2016.

Increasing your Income in 2016
Who would not want to have more money left over for their budget? If you want to increase your 2016 income a little, now is the best time to plan.

Look over your TurboTax … Read the rest about 2014 Taxes

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Optimize Savings On Your Tax Return

Steven R Patterson — Fri, 27 Mar 2015 17:36:43 +0000

It’s always difficult to be caught up in a mad rush at the end of the tax season to get your federal taxes filed on-time. Filing at the last minute is bound to be particularly stressful this year due to the scaled back phone support from the IRS and the additional requirements set by the Affordable Care Act. Here are some tax changes to take note of now so you are not surprised down the stretch with your 2014 Tax Return.

Tax Breaks

Sales tax can be deducted once again thanks to the last minute efforts in Congress. The … Read the rest about 2014 Taxes

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Criminals Benefit Via Fraud With Taxes

Steven R Patterson — Sat, 07 Mar 2015 21:23:04 +0000

As with any online program, Turbo Tax 2013 has had its share of people trying to fraud the users by stealing sensitive login information. The reason that this happens is because people are not careful when they log into the system, or they do not ensure that their connection is safe. Here’s many ways to avoid Fraud With Taxes:

Criminals have systematically started to target Turbo Tax simply because it is a site where many people are now going to do their taxes without the help of an expensive tax refund business.

The Internal Revenue Service has reported major losses … Read the rest about 2014 Taxes

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TurboTax Deluxe Buyers To Get Free Premier Upgrades

Steven R Patterson — Fri, 06 Feb 2015 17:40:22 +0000

TurboTax, a popular tax filing software recently announced that it will offer users free upgrade to the premier version of the software on 7 February, 2015. The catch: only TurboTax Deluxe users will be able to avail it.

A spokeswoman for the company told the press that starting the coming Saturday, users will be able to click on a link in their TurboTax software to upgrade to the home or business version of the Premier version of TurboTax. The announcement has outraged devoted users of the desktop version of the TurboTax Deluxe because, for this season, the Premier version will … Read the rest about 2014 Taxes

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Intuit Apologizes To Upset Customers

Steven R Patterson — Sun, 25 Jan 2015 21:17:22 +0000

Recent changes to the TurboTax Deluxe edition has caused the owners of the software, Intuit, to apologize to customers. Many customers had to spend more to upgrade to another version to get the features they needed, and they will receive a refund.

Sasan Goodarzi is general manager and acknowledges that the company has caused customers frustration and anger.

Many loyal TurboTax 2014 customers were outraged when they found out about the downsizing of the TurboTax deluxe edition. Customers – many of them loyal for years – had to spend between $30 and $40 to upgrade to other editions to … Read the rest about 2014 Taxes

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Using Turbo Tax For Your Taxes

Steven R Patterson — Wed, 31 Dec 2014 15:03:07 +0000

The Internal Revenue Service says that the tax-filing season starts on January 20, 2015. Taxpayers have the okay to start filing their 2014 taxes via TurboTax on this day. Although Congress passed a last minute tax law that has already been signed by President Barack Obama, this will not delay the start of the tax-filing season.

At the beginning of the month, Congress passed a bill that extends over 50 tax breaks that expired at the beginning of 2014. This law, which was signed into law by the President on December 19, provides extensions for each of these tax breaks … Read the rest about 2014 Taxes

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Taxes Become More of A Networking Opportunity For Small Business

Steven R Patterson — Wed, 20 Aug 2014 20:50:32 +0000

Every year millions of people scramble to do their taxes, and companies have been noticing a swell of people that want to go online to get things done. That’s where companies like Turbotax Online, and others have come together to connect those millions of people that have been using their line of products, with others that are like minded. From gathering in a connection setting like “QuickBooks Connect”, to other meet ups and information that is getting people together, the notion of taxes has never been more social than ever. This is a huge Networking Opportunity For Small … Read the rest about 2014 Taxes

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