The PATH Act, officially known as the Protecting Americans from Tax Hikes Act of 2015, introduced several crucial changes affecting your taxes today. It not only aimed to curb fraud but also made significant adjustments to popular tax credits and ded…
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Every year, taxpayers look forward to receiving their tax refunds and for many, it’s a necessary financial boost. A tax refund transfer is an option that allows you to pay for tax preparation services using your anticipated refund (rather than payi…
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Losing a loved one is one of the hardest parts of life, and handling their financial matters while grieving can feel nearly impossible. One important responsibility you may face is filing a tax return for a person who has passed away. At Gudorf Tax G…
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Tax season is here, and deciding how to file your tax return is an important choice. While paper filing is still an option, more taxpayers are turning to e-filing for its many benefits. Whether you’re an individual filer or a small business own…
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Buying a home is an exciting milestone, but it’s also a significant financial commitment that brings tax implications. For Ohio residents, understanding available tax benefits and navigating the associated processes can lead to considerable savings…
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As tax season approaches, many hardworking families are looking for ways to make the most of their tax benefits. One crucial area of focus is the Child Tax Credit (CTC), a vital lifeline for parents trying to provide for their children. Over the year…
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Bartering is an ancient practice still valuable in today’s business world. Whether you’re exchanging goods or services instead of using money, barter transactions can be a convenient way for individuals and businesses to conduct business. However…
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Filing taxes can be tricky, especially for married couples. While many couples choose to file jointly, there are times when married couples filing separately might be the better option. Knowing when to consider filing separately when married can make…
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For most people, the very thought of a tax audit is enough to cause immediate stress and anxiety. Audits can be time-consuming, carrying the chance of fines, additional taxes, and even criminal penalties. There is no need to fear, however. With prope…
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Some people may feel a thrill of patriotic duty from filing and paying their taxes, but for most of us, the most satisfying part of the process is realizing that we don’t have to write a big check to the IRS—or that we may even be getting a refun…
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