The first stimulus payments, officially named Economic Impact Payments (EIP), were a central part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act passed […]
The Truth About Tax Audits: What You Need to Know
A tax audit is one of the most feared terms for taxpayers, often evoking anxiety at the thought of government scrutiny. People imagine serious consequences, […]
Understanding IRS Form 1040: Your Complete Tax Filing Guide
IRS Form 1040, officially titled the U.S. Individual Income Tax Return, is the standard form used by taxpayers to file their federal income taxes each […]
A Guide to States With No State Income Tax
State income tax is a levy imposed by individual states on the income earned by residents and, in some cases, non-residents who earn income within […]
Understanding IRS Form 1099-OID: A Complete Guide
Form 1099-OID is a tax document issued by payers of certain debt instruments to report a specific type of interest income known as Original Issue […]
Maximizing Your Tax Refund: A Guide to Mileage and Car Expense Deductions
Business owners and self-employed individuals often use personal vehicles for work-related tasks. Whether it’s visiting clients, transporting goods, or driving to temporary work sites, these […]
Tracking Your Tax Refund: A Step-by-Step Guide
After filing your federal tax return, one of the most anticipated parts of the process is receiving your refund. Millions of Americans look forward to […]
Understanding Self-Employed Tax Deferral Rules
The economic disruption caused by the COVID-19 pandemic in 2020 created an urgent need for financial relief, particularly for the self-employed. Freelancers, gig workers, independent […]
A Guide to IRS Forms 1095-A, 1095-B, and 1095-C for Health Insurance
Every tax season, many taxpayers find one or more health insurance forms in their mailboxб specifically Forms 1095-A, 1095-B, and 1095-C. These forms provide important […]
Claiming a Child with a W-2: What Parents Need to Know
Many parents find themselves navigating new tax territory once their child begins earning income. A common question arises: Should parents report their child’s W-2 on […]
2025 Indiana Tax Refund: What to Know and How to Track It
Indiana state tax refunds represent the difference between the amount of tax a resident pays throughout the year and the total amount owed. If you […]
Understanding Forms 1099-R, RRB-1099, and RRB-1099-R: A Retirement Tax Guide
Understanding the various tax forms related to retirement income is essential for filing accurate tax returns. Among the most common forms in this category are […]
Understanding Employee Stock Options and Their Tax Forms
Employee stock options and stock purchase plans are increasingly popular forms of compensation provided by employers to incentivize and retain employees. These benefits offer a […]
Understanding IRS Form 2848: Granting Power of Attorney for Taxes
Dealing with the IRS can be stressful, especially when complex tax issues arise. In some situations, it may be necessary or simply more efficient to […]
Unemployment and Taxes: What You Need to Know
When you experience a job loss or face a period of unemployment, your financial situation changes significantly. This shift not only affects your day-to-day budgeting […]