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Act Quickly If You Miss the April Tax Filing Deadline

Act Quickly If You Miss the April Tax Filing Deadline - PenFed YourMoney Blog

Although it might be hard to believe, the consequences of missing the April income tax filing deadline can be even more frustrating than completing the return in the first place.

Posted in: NerdWallet, Taxes

Do’s and Don’ts of Home Office Tax Deductions

Do's and Don'ts of Home Office Tax Deductions - PenFed Your Money Blog

If you run a business from your home or telecommute for your employer, you may be eligible to claim some expenses on your federal income taxes. Home office deductions can be tricky, and many people have gotten into trouble with the IRS

Posted in: NerdWallet, Taxes

Key Tax-Preparation Tips to Cut Stress

Key Tax-Preparation Tips to Cut Stress - PenFed Your Money Blog

Although it comes around every spring, tax season tends to inflict the same headaches year after year. To reduce your stress — and maximize your refund — it’ll help to stay organized and be aware of recent changes to the

Posted in: NerdWallet, Taxes

Often-Missed Tax Deductions and Credits

Often-Missed Tax Deductions and Credits - PenFed Your Money Blog

The tax landscape can be difficult to navigate. Nevertheless, figuring out which tax write-offs you qualify for could prove lucrative. To put you on the right path, consider whether these little-known tax deductions and credits could save you thousands of dollars

Posted in: NerdWallet, Taxes

Tax Tips to Help New Parents Save Money

Tax Tips to Help New Parents Save Money

Congratulations, new mom or dad! Now take out the checkbook, because your bundle of joy comes with a bundle of new expenses. But all those day care costs and pediatrician bills can bring new tax deductions that can help you

Posted in: NerdWallet, Taxes