{"id":10108,"date":"2015-03-26T00:00:00","date_gmt":"2015-03-26T00:00:00","guid":{"rendered":"https:\/\/getirshelp.com\/blog\/7-tips-for-new-taxpayers\/"},"modified":"2026-07-27T14:54:35","modified_gmt":"2026-07-27T14:54:35","slug":"7-tips-for-new-taxpayers","status":"publish","type":"post","link":"https:\/\/getirshelp.com\/blog\/7-tips-for-new-taxpayers\/","title":{"rendered":"7 Tips for New Taxpayers"},"content":{"rendered":"

I hear from people every week who think their tax problem is the end of the world. It usually isn't. I'm Darrin Mish. I've resolved over $100 million in tax debt for clients. Here's what you should know.<\/p>\n

If you have just entered the workforce and are filing your taxes for the first (or first few) times, here are some friendly tips that can very well save you some money plus help you avoid the dreadful tax audit. \u00a0Click here to read or watch more IRS Help resources.<\/a><\/p>\n

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  1. Claim education credits<\/li>\n<\/ol>\n

    Are you still pursuing your educational degree?\u00a0 You should claim credits available for student loan interest payments up to certain income limits.\u00a0 You can claim a deduction of up to $2,500 for student loan interest.\u00a0 There is also the American Opportunity Tax Credit that allows you to claim the first $2,000 of student expenses and then 25% of the next $2,000 for four years of college.\u00a0 Expenses include course-related books, supplies and even a computer if it is a requirement of your enrollment. \u00a0In every case you should keep receipts of your purchases.\u00a0 To qualify for the American Opportunity Tax credit, you must be enrolled at least half time and pursuing a degree program.<\/p>\n

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    1. File electronically<\/li>\n<\/ol>\n

      It is advisable to file your tax returns electronically for speed, convenience and accuracy.\u00a0 You can access the relevant forms for your tax returns through the IRS website, www.irs.gov<\/a>.<\/p>\n

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      1. Make your filing status consistent with your parents\u2019<\/li>\n<\/ol>\n

        If you are working and still living with your parents, they may claim for dependent\u2019s deduction on you.\u00a0 This will affect your filing status so you should make your status consistent with theirs.\u00a0 You can be considered their dependent if you are under 19 years of age or under 24 if you are still a full-time student.\u00a0 Even if you are working, you could be technically their dependent if you earn below a certain amount.<\/p>\n

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        1. Claim deductions for moving costs<\/li>\n<\/ol>\n

          If you have taken up a job in another location at least 50 miles away, you are entitled to claim deductions on the cost of moving your household items and travelling costs on the condition that you have worked in your new job for at least 39 weeks.\u00a0 What\u2019s more, you do not have to itemize your claims.<\/p>\n

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          1. Newlyweds update your name in your Social Security records<\/li>\n<\/ol>\n

            If you recently married, you should not forget to update your Social Security with your new married name otherwise if you file your return under your married name and it does not tally with the name in your Social Security, it will raise a red flag with the IRS.<\/p>\n

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            1. New home owners, claim deductions on your mortgage<\/li>\n<\/ol>\n

              The mortgage on your home is often eligible for tax deduction.\u00a0 If you have made certain renovations such as energy-saving improvements, you may be entitled to even more claims.\u00a0 All you need to do is itemize your expenses and claim it.<\/p>\n

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              1. New parents, claim dependency on your children<\/li>\n<\/ol>\n

                If you are a new parent yourself, you are entitled to claim dependents\u2019 care credit if you and your spouse both work.\u00a0 You can also claim for child tax credit up to a certain limit depending on your level of income.<\/p>\n

                If you wish to know more about how you can save on your taxes, call us at (813) 229-7100 for a free consultation.<\/p>\n

                 <\/p>\n","protected":false},"excerpt":{"rendered":"

                I hear from people every week who think their tax problem is the end of the world. It usually isn't. I'm Darrin Mish. I've resolved over $100 million in tax debt for clients. Here's what you should know. If you have just entered the workforce and are filing your taxes for the first (or first […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":[],"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[4],"tags":[28],"class_list":["post-10108","post","type-post","status-publish","format-standard","hentry","category-irs-help","tag-irs-audit"],"_links":{"self":[{"href":"https:\/\/getirshelp.com\/blog\/wp-json\/wp\/v2\/posts\/10108","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/getirshelp.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/getirshelp.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/getirshelp.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/getirshelp.com\/blog\/wp-json\/wp\/v2\/comments?post=10108"}],"version-history":[{"count":1,"href":"https:\/\/getirshelp.com\/blog\/wp-json\/wp\/v2\/posts\/10108\/revisions"}],"predecessor-version":[{"id":22409,"href":"https:\/\/getirshelp.com\/blog\/wp-json\/wp\/v2\/posts\/10108\/revisions\/22409"}],"wp:attachment":[{"href":"https:\/\/getirshelp.com\/blog\/wp-json\/wp\/v2\/media?parent=10108"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/getirshelp.com\/blog\/wp-json\/wp\/v2\/categories?post=10108"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/getirshelp.com\/blog\/wp-json\/wp\/v2\/tags?post=10108"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}