Blog Posts
Energy Efficient and Clean Energy Credits
Energy Efficient Home Improvement Credit Taxpayers who install qualified energy‑efficient improvements in their main home may claim an annual credit of up to $3,200. The credit equals 30% of qualified expenses, including: Qualified energy efficiency improvements...
Wages, Salaries, and Other Earnings
Wages, salaries, and other employee compensation are included in gross income. Employers report...
General Return Requirements
A federal return must include valid taxpayer identification numbers for the taxpayer, spouse (if...
Filing Requirements and Form 1040
U.S. citizens and resident aliens must report worldwide income. If a taxpayer is required to file,...
Filing Status
A taxpayer must select a filing status when filing a federal return. Filing status affects tax...
Citizens and Dependents
Federal income tax rules apply to all U.S. citizens, regardless of where they live. A U.S. citizen...
Rental Real Estate
Rental real estate income is generally reported on Schedule E. Taxpayers deduct allowable rental...
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