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The American Opportunity Credit 

The American Opportunity credit replaced the Hope Scholarship credit in 2009 and offers a more generous benefit to those who qualify. This credit covers 100% of a student’s first $2,000 in education expenses, and 25% of the next $2,000 for a maximum annual credit...

Filing Status 

The most obvious change to your taxes will be that you will no longer be filing as an individual. However, it’s important to note that your filing status is based on your marriage status at the end of the year. So even if you’re married on December 31st, and went the entire tax ye...

Lock Up Important Documents 

Any important documents in your home should be locked in a safe place that is not easily accessible. Be sure it is protected from roommates, repairmen, cleaning crews, or any other visitors who enter your home. Documents you should lock up might include: 

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1. Cost Reduction 

For those who believe doing your payroll in-house is going to save you money, this might come as a surprise. But the fact of the matter is, outsourcing payroll can actually reduce costs for your business. Because payroll can be such a time-consuming process, the cost of employ...

What’s Included in the Tax Bill? 

Few details on the new Utah tax bill have been made available yet, but the tax cut for families will come in the form of a new child tax credit. Essentially, rather than earning an exemption for your dependents, you will receive an additional credit on your tax ...