An Overview of Tax Breaks for Homeowners

Tax Breaks for Homeowners - Rush Tax Resolution

Owning a home is expensive. From mandatory and nondeductible expenses and fixed costs to the rising costs of home improvements – remodeling a bathroom alone cost an average of $13,400 in 2020 – homeowners win the security and legacy of a home of their own for an enormous annual expense sheet.  In addition to basic …

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How to Stop IRS Wage Garnishment

Stop IRS wage garnishment - Rush Tax Resolution

According to the IRS – and tax law – paying your taxes is not optional. Failing to do so means the government can utilize certain methods to coerce payment and downright take your money before it even lands in your account. This is wage garnishment. Other commercial creditors can also garnish wages if certain conditions …

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Categories IRS

California Middle Class Tax Refund (MCTR) Payments: What You Need to Know

California Middle Class Tax Refund - Rush Tax Resolution

The California Middle Class Tax Refund is a tax refund issued by the California Franchise Tax Board for taxpayers who sent in a 2020 tax return to provide financial relief during unprecedented inflation. An estimated 32 million Californian taxpayers have already benefited from the MCTR. Here’s what our team at Rush Tax Resolution recommends you …

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Exploring Above the Line Deductions

Resident advisor teaching a man about above the line deductions - Rush Tax Resolution

The money you earn is not necessarily one-to-one with the money you pay taxes on. The IRS provides taxpayers with several means to reduce their tax liability through so-called tax deductions on their income tax return or Form 1040. Of these, there are two kinds:   Above-the-line tax deductions, also known as adjustments to income and;  Below-the-line tax …

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Categories IRS
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