Self-employment comes with a unique set of responsibilities, especially when it comes to taxes. Unlike traditional employees who receive a W-2 and have taxes withheld […]
College Student Tax Guide: What You and Your Parents Need to Know
Being a college student is an exciting and often overwhelming experience. Amid lectures, exams, part-time jobs, and social life, taxes are probably the last thing […]
Understanding the 2018 Child Tax Credit Changes Under Tax Reform
Tax credits are important tools that can significantly reduce the amount of tax a person owes. Unlike deductions that reduce taxable income, tax credits directly […]
What to Do If You Owe the IRS: Top 10 Strategies
When you receive a letter from the IRS indicating that you owe them money, your first instinct may be to panic. However, it is essential […]
A Simple Guide to Affordable Care Act Subsidies
The Affordable Care Act (ACA), enacted to expand access to affordable health care, includes a provision requiring individuals to maintain a minimum level of health […]
Top 6 Tax Mistakes Parents Make That Could Hurt Their Refunds
Parenthood brings more than sleepless nights and packed schedules—it also introduces new responsibilities when it comes to managing your finances, especially during tax season. While […]
The Parent’s Tax Survival Guide: Top Deductions and Credits You Shouldn’t Miss
Parenting introduces significant changes not only to your lifestyle but also to your tax profile. One of the most foundational aspects of tax planning is […]
Is Your Childcare Tax-Deductible? Unlock Savings with the Care Credit
Caring for a child or an incapacitated adult can be both rewarding and financially stressful. When working parents or guardians must pay for daycare, in-home […]
Smart Ways to Use Tax Credits and Keep More of Your Income
When it comes to reducing your income tax bill, tax credits often provide more direct financial relief than deductions. While deductions lower your taxable income, […]
How to Reduce Taxes on Retirement Income: A Step-by-Step Guide
Planning for retirement is not just about growing your assets; it’s equally about protecting them. As you transition into retirement, your focus naturally shifts from […]
6 Tax Mistakes That Could Damage Your Small Business Finances
Running a small business comes with many responsibilities, and managing taxes is one of the most critical — yet commonly mishandled — areas. Even small […]
Unreimbursed Job Expenses and the Tax Reform: What Employees Need to Know
Before major changes were introduced through tax reform, traditional employees could claim certain unreimbursed job expenses as deductions on their federal income tax return. These […]
How to Report Mobile Credit Card Payments to the IRS the Right Way
In the evolving landscape of commerce, mobile credit card payments have become a standard part of doing business. Whether you’re a small business owner, independent […]
Renting vs Buying a House: Which Option Saves You More Money?
The image of the American Dream has undergone a significant transformation over the past few decades. Once symbolized by homeownership and a piece of land, […]
How to Claim the Health Insurance Deduction if You’re Self-Employed
Self-employed individuals often face the challenge of securing their own health insurance, which can be costly and difficult to manage without the support of an […]