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Common tax deductions and credits for individuals

As tax season is in full swing, let’s take a look at the most common tax deductions and credits in Canada for individuals

A tax deduction offsets your taxable income, whereas a tax credit offsets your tax payable. 343 more words



Thank you, IRS–I just got my tax refund*!!

I immediately sent out the full remaining payoff to my highest interest credit card, and a nice, meaty payment to my only remaining card with a balance. 163 more words

Personal Finance

Phone: 323.292.5407 • Fax: 877.690.7818 • Ontario: 909.428.1151 • taxdoc4u@gmail.comwww.taxdoc4u.com

Winter Edition

This month:

  • As  your mailbox fills up with information required to organize your 2015 tax records, there is still time to reduce 2015’s tax obligation with a contribution to an IRA.
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IRS resolves computer problems after outage

WASHINGTON (AP) – The IRS says it has resolved a computer system outage and is again accepting electronically filed tax returns.

In a statement on Thursday, the agency says it had resumed processing individual and business tax returns at about 5 p.m. 105 more words


Where's Your Tax Refund?

IRS Statement on Experiencing Systems Outage

Feb. 3, 2016

The IRS experienced a hardware failure this afternoon affecting a number of tax processing systems, which are currently unavailable. 190 more words

IRS computer problems shut down tax return e-file system

WASHINGTON (AP) — The IRS stopped accepting electronically filed tax returns Wednesday because of problems with some of its computer systems. The outage could affect refunds, but the agency said it doesn’t anticipate “major disruptions.” 156 more words

National / World

Seven Reasons To File Your Tax Return ASAP

Although the deadline for filing tax returns isn’t until March 15 for corporations and April 15 for individuals, there are plenty of good reasons why you should get your tax information to your accountant sooner rather than later. 736 more words

Personal Tax Advice