Income Tax

Waiting for a tax refund can feel stressful, especially when it takes longer than expected. Even though most returns are processed without issues, a variety of factors can slow things down, from simple filing mistakes to verification steps or payment offsets. Some delays come from information on the return itself, while others result from how […]

A tax abatement is a form of relief that reduces the amount of tax a person or business is required to pay, sometimes lowering penalties as well when a reassessment shows a smaller liability than initially calculated. Although abatements can arise from overpayments, the term is more commonly connected to incentives designed to encourage investment […]

A Schedule 1 tax form may be required when certain types of income or adjustments fall outside the items listed on a standard Form 1040. Often called “Additional Income and Adjustments to Income,” it serves as a place to report earnings or deductions that apply to a smaller share of taxpayers. Many filers never encounter […]

Taxable income can feel confusing, especially when life changes introduce new earnings or unfamiliar financial situations. Wages, freelance work, tips, and other forms of compensation all contribute to the amount the government uses to determine your tax obligation. The total isn’t based solely on what you bring in, though. Deductions and certain adjustments reduce the […]