Jackson Hewitt - Desoto, Texas

12/05/2019

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Doors open Dec 18! The prequalification site is open now so you can see how much you could get before you come in. Returning client? We will be sending VIP invitations for returning clients for special appointments and prequalified amounts. We’re looking forward to seeing you. Visit Jacksonhewitt.com for details.

04/16/2018

Don't forget that factors other than the EITC and ACTC can affect the timing of your refund. The IRS issues nine out of 10 refunds in less than 21 days. However, some refunds may take longer.

The Internal Revenue Service (IRS) has announced that tax refunds for taxpayers who claimed the Earned Income Tax Credit (EITC) and the Additional Child Tax Credit (ACTC) should begin arriving in bank accounts or on debit cards this week.

04/11/2018

If you usually wait until the absolute last-minute to file your US taxes, you get a small break this year: the 2018 federal tax deadline is April 17, two days later than usual.

If you usually wait until the absolute last-minute to file your US taxes, you get a small break this year: the 2018 federal tax deadline is April 17, two days later than usual. April 17 is also the…

04/07/2018

Your Form W-4 determines the amount of income tax withheld from your pay based on a number of criteria, including whether your spouse works, whether you have children and whether you itemize.

If you withhold too much, you'll get a refund the following year. Fail to withhold an adequate amount, and you'll owe the taxman (and possibly penalties).

The IRS wants you to make sure you're withholding the right amount of income tax from your paychecks. Here's how to make sure you're not on track for a big bill next year.

04/03/2018

Joint accounts often appear convenient but can be a real headache when it comes to taxes.

For federal income tax purposes, the treatment of joint accounts is determined by local law. That sounds confusing since this is a federal tax issue, but what it means is that you look to state law to determine your ownership interest.

It's Taxes from A to Z! J is for Joint Accounts.

03/29/2018

The rapper's post caught on with celebrities, too: P. Diddy chimed in and also demanded answers. So here's where your money goes.

The rapper asks for answers about how her tax dollars are spent.

03/24/2018

If you got a direct-deposited refund that you did not expect, you should talk to your bank and potentially close that account, since your account information has been accessed by crooks.

Cybercriminals using purloined Social Security numbers, banking and other consumer data to steal taxpayer refunds

03/14/2018

In the rush to file tax returns early, many taxpayers are under the impression that they can simply file an incomplete or inaccurate tax return now and figure out the details later.

This is not a great strategy. Not only does "later" rarely come as planned, leaving you with un-filed or incorrect tax returns, delays in filing properly can cost you in the form of penalties and interest.

With tax season in full swing, identity theft related tax fraud has become a hot topic. While taking steps to protect yourself from identity theft is always smart, it's important that you don't get too caught up in the hype. Here are five things you need to know about identity theft and tax returns.

03/06/2018

The federal government withholds several different types of taxes from your paychecks. A certain amount goes toward federal income tax withholding, which later gets credited against what you owe the IRS on your federal tax return.

If your withholding is more than the tax you owe, then you can claim a refund for the difference. If you owe more than you had withheld, then you'll have to pay the difference when you file your return.

Find out if you can get some of your money back.

03/01/2018

Under the law, the IRS cannot issue refunds before mid-February for returns claiming the Earned Income Tax Credit and the Additional Child Tax Credit. The earliest those related refunds could show up in bank accounts or on debit cards could be Tuesday, Feb. 27.

Got your 2017 tax return filed yet?

02/20/2018

One of the tax breaks that might have been done away with for 2018 and the years to come is the mortgage insurance deduction.

If a homebuyer does not make a down payment of 20 percent or more, they are required to take out private mortgage insurance.

02/15/2018

The IRS doesn't require third-party reporting for virtual currency (yet) so there's no form 1099-B or equivalent issued at the end of the tax year. Some companies like Coinbase will offer a summary of transactions which can be used to help you file your taxes but if you withdraw cryptocurrency from an exchange, the exchange can no longer track when happens.

Cryptocurrency is riding high these days. But even as more investors are taking a chance on digital currency, many are still confused about how to treat it for federal income tax purposes. Here's what you need to know