Charitable giving is one of the most rewarding ways to contribute to causes that matter while potentially reducing your taxable income. However, not every donation […]
Coronavirus Retirement Relief: CARES Act Rules for Early Withdrawals
The global outbreak of COVID-19 in early 2020 caused not just a health crisis but a full-blown economic emergency. Millions of workers lost their jobs, […]
Affordable Health Insurance for Single Parents: What the ACA Means for You
For single parents, navigating health insurance can feel like an overwhelming task. The Affordable Care Act was created in part to make health coverage more […]
Practical Ways to Build Stability on Irregular Income
Living on an irregular income is no longer the exception. With the rise of freelancing, gig work, and side hustles, more people than ever are […]
Claim Your IRS Refund: Over $1.5 Billion Still Unclaimed by Taxpayers
Each year, millions of Americans overlook the opportunity to claim money that rightfully belongs to them. The Internal Revenue Service, or IRS, reports that over […]
W-4 Withholding Guide for Employees: Navigating the Tax Reform Changes
The passing of the Tax Cuts and Jobs Act in December 2017 introduced a range of changes to the U.S. tax code, most of which […]
Boost Productivity and Cut Costs with the Right Mileage Tracking App
In today’s fast-paced work environment, business travel isn’t limited to airplanes or hotel stays. For millions of self-employed professionals, freelancers, and small business owners, daily […]
How Rideshare Drivers Can Maximize Deductions and Lower Tax Bills
The emergence of digital platforms has dramatically changed how people earn a living. The sharing economy, which allows individuals to earn income through peer-to-peer services, […]
Understanding Tax Reciprocity Rules for Multi-State Income Earners
In today’s workforce, it’s increasingly common for individuals to live in one state and work in another. This is especially true in metropolitan regions near […]
How to File Form 1040: A Detailed Guide to Your Federal Income Tax Return
IRS Form 1040 is the central document used by individuals to file their annual income tax returns with the Internal Revenue Service (IRS) in the […]
Mastering IRS Form 1099-LS: When and How to Use It Correctly
During tax season, you may receive documents that are new or unexpected. One such form is IRS Form 1099-LS. This form typically appears when a […]
Complete Guide to Airbnb Tax Rules for Property Owners
Listing your home or vacation property on Airbnb or a similar short-term rental platform can be an attractive way to earn additional income. Many homeowners […]
Understanding Form 1099-QA and How It Relates to ABLE Accounts
Navigating the financial landscape can be especially challenging for individuals with disabilities and their families. Achieving long-term savings goals while maintaining eligibility for public assistance […]
Understanding Form 1099-CAP: Shareholder Distributions and Tax Implications
The Internal Revenue Service issues various types of Form 1099 to help individuals and entities report different types of income or financial transactions. Among them, […]
Form 1040 Explained: Filing Your Federal Individual Income Taxes Made Simple
Filing a federal income tax return is a yearly responsibility for most U.S. residents, and at the center of this process is IRS Form 1040. […]