Do You Need To Pay Taxes on Free Stuff You Get As An Influencer?
Everyone loves free stuff, but no one loves an unexpected tax bill. If you’re an influencer and you get gifts from companies, we have all you need to know on the differences […]
Individuals
New IRS Tax Extension For California Storm Victims
After the recent storms in California, the Federal Emergency Management Agency declared that individuals and businesses that were affected by the storms now qualify for an extension on various tax returns. The […]
Who Can You Claim as a Dependent on Your Taxes?
One of the biggest questions people have when it comes to doing their taxes is, “who can I write off as a dependent and how do I do it?” WHO QUALIFIES AS […]
When Is It Time To Call A Tax Professional To File Your Taxes?
With tax season in session, you may be wondering whether or not to hire someone to do your taxes or whether to do them on your own. While it may seem hectic […]
When Are Investment Expenses Tax Deductible?
Did you know you can write off some of your investments, giving you a double benefit financially? The IRS allows tax deductions for investment-related expenses if those expenses are related to producing […]
When Are Medical Expenses Tax Deductible?
Medical expenses can seem like a burden to some people, and it is often confusing on whether or not you can deduct them from your taxes. In order to be able to […]
Is Traditional or Roth IRA Better?
The average American has less than $110,000 saved before they retire. This gives most retired Americans less than three years to live off of. If you want to boost your retirement account […]
What Can I Deduct As A First-Time Home Buyer?
If you’re a first time home buyer and hoping to get some major tax breaks to help you pay your mortgage, we have everything that you need to know. Unfortunately, the tax […]
Have You Received A 1099 For A State Disaster Relief Payment And Wonder If It’s Taxable?
Both individuals and tax professionals have been confused recently regarding federal tax status on special payments in 16 states. On Friday, the Internal Revenue Service provided details regarding this confusion. Here’s everything […]
11 States Will Pay Less Taxes This Year
Eleven states imposed individual tax rate reductions on January 1. According to the Tax Foundation, a group that lobbies for lower taxes, 11 Republican majority states plan to reduce taxes for residents […]
Making Wise Financial Decisions: 6 Simple Steps
Money is a stressful and often emotional topic for a lot of us, which makes smart financial choices particularly difficult to make. And that doesn’t go away when trying to make wise […]
Five Things High Income Earners Need to Know About Biden’s New Tax Proposal
We’ve read the whole proposal so you don’t have to, and pulled out the top 5 things high-income earners need to know. Let’s dive in… 1. Top Ordinary Income Tax Rate Ordinary […]