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2025 Filing Options for US Expats in the UK: What You Need to Know

2025 Filing Options for US Expats in the UK: What You Need to Know
Being a US citizen living in the UK has its advantages—afternoon tea, improved work-life balance, and potentially even access to the NHS. But when it comes to tax time, things quickly get complicated. Even though ... more
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Who Needs to File Taxes in 2025? IRS Filing Requirements Explained Before Tax Day

Who Needs to File Taxes in 2025? IRS Filing Requirements Explained Before Tax Day
Do I Need to File a Tax Return in 2025? With Tax Day 2025 approaching on April 15, many Americans are asking: “Do I need to file taxes this year?” The answer depends on your ... more
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Taxes & extensions; what to do if the deadline is here and you can’t pay the IRS what you owe

Taxes & extensions; what to do if the deadline is here and you can’t pay the IRS what you owe
Americans have really struggled financially this year, and now the extension people filed for is about to end. That means any taxes you owe the IRS are due this month. If you owe taxes, then ... more
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Stimulus cash through tax changes in 2023 worth up to $7,000

Stimulus cash through tax changes in 2023 worth up to ,000
We're halfway through the 2022 tax year, and Americans are getting ready for any stimulus or tax changes ahead of filing in 2023. Your federal tax return could get you credits worth as much as ... more
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Individual income tax: Are there personal exceptions and how do you apply?

Taxes & extensions; what to do if the deadline is here and you can’t pay the IRS what you owe
The personal exemptions were available to all taxpayers. However, personal exemptions were eliminated at the federal level in 2017. Child Tax Credit: Grandparents raising their grandchildren can get up to $3,600 What are personal exemptions? ... more
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Tax credits are ending and now millions of Americans will face an extra $2,000 in charges per year

Tax credits are ending and now millions of Americans will face an extra ,000 in charges per year
More than three million Americans could end up without healthcare coverage. This is a likely reality if Congress doesn't extend enhanced subsidies for the Affordable Care Act (ACA). IRS: What you need to know about ... more
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Taxes: Who could be exempt from paying income taxes?

Taxes: Who could be exempt from paying income taxes?
If you're a veteran in South Carolina you may soon be exempt when it comes to paying your state income taxes. A recently passed bill allows all military retirement income to be exempt in South ... more
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Tax: What is a franchise tax and who pays it?

Tax: What is a franchise tax and who pays it?
There various types of taxes and different people need to pay them. Franchise taxes are for specific businesses. Franchise taxes are paid by certain businesses in certain states. It lets a company be chartered and ... more
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Tax: Seniors could see a $1,750 tax cut in 2023 in this state

Tax: Seniors could see a ,750 tax cut in 2023 in this state
A tax cut package has been assembled by Maryland lawmakers, which could save senior citizens as much as $1,750 next year. Both Democrats and Republicans support the move. Thousands of seniors who are stuck with ... more
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Social Security and taxes on benefits explained

Social Security and taxes on benefits explained
With tax season here, Americans who collect Social Security are wondering if they'll need to pay taxes on their benefits, and how much. If you collect Social Security, it's important to know what it is ... more
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IRS: Things to keep in mind ahead of the 2022 tax deadline April 18

IRS: Things to keep in mind ahead of the 2022 tax deadline April 18
The IRS tax season is coming to a close with the deadline of April 18, 2022. Waiting to file could cause you to wait longer for your refund. 62 million tax returns have been processed ... more
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IRS, Child Tax Credit, Social Security finance updates for this week

IRS, Child Tax Credit, Social Security finance updates for this week
The American financial realm has a lot going on right now with tax deadlines from the IRS approaching and Social Security payments going out. Here, you can find answers to your pressing questions regarding things ... more
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Stimulus: Do I need to pay income taxes on my stimulus payments?

Social Security and taxes on benefits explained
The deadline to submit your taxes to the IRS is quickly approaching, and people are trying to figure out if they'll owe due to stimulus cash. Millions of Americans received a stimulus payment this year ... more
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Thousands of seniors don’t have to pay taxes on Social Security checks

Thousands of seniors don’t have to pay taxes on Social Security checks
Many low and middle income seniors won't be taxed on their Social Security checks. This is due to a new legislation that has been signed into law. IRS: Tax refunds are smaller than some expected ... more
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Taxes: $7 billion in unclaimed taxes being sent back, is any yours?

Taxes:  billion in unclaimed taxes being sent back, is any yours?
There are millions of dollars in the state of Texas left unclaimed and needing to be sent to taxpayers. They're unclaimed property taxes. The state is working hard to get these funds back into the ... more
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IRS: 2022 tax due dates and deadlines

Social Security and taxes on benefits explained
Tax season for 2021 has already started, and the IRS has set a deadline for submitting returns for April 18, 2022. Normally the deadline is April 15, but a holiday has pushed it out three ... more
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IRS: Filing your taxes right the first time to avoid delays

IRS: Filing your taxes right the first time to avoid delays
This tax season will likely be as confusing as the last two, even though the IRS is working toward a more normal tax year. There are changes to tax laws this year which include rules ... more
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Cryptocurrency: Can you pay taxes in cryptocurrency?

Cryptocurrency: Can you pay taxes in cryptocurrency?
While you cannot yet pay your tax bill with cryptocurrency, there are some states pushing to allow it. Two of these states include Arizona and Wyoming. The federal government and various states are looking into ... more
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IRS: 2022 tax bracket and deduction changes

IRS: 2022 tax bracket and deduction changes
Every year when people prepare for tax season, they're usually made aware of changes. 2022 is not any different with changes from the IRS. 2021 saw major inflation rates, resulting in adjustments by the IRS ... more
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