Expanded renter tax credit could help hard-working, single father and his family
Terry is an Aerospace Machinist and single father who lives with one of his kids and his mother in Ontario, CA. Even though he’s in the top five percent of his field as a government contractor and says he should be getting paid more, he makes between $35,000 and $37,000 a year. According to Terry,…
Read MoreRent in California? You could benefit from this tax credit
What tax credit? If you rent your home in California for at least six months of the year and make less than $43,533 (single filer) or $87,066 (filing jointly), you are eligible for the annual California renters’ credit. Today, the renters’ credit is $60 for single filers and $120 for joint filers. When the yearly…
Read MoreHow to Maximize Your Savings During Tax Time
Taxes can seem daunting. But there are a lot of free resources out there to help you file your taxes for free, get reliable help with your taxes, take advantage of tax credits that you qualify for, and even win prizes this tax season! Here are four resources you should be aware of for tax-time.…
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