According to new data from Intuit Credit Karma, 30% of American taxpayers dread filing taxes to the point of tears. That ...

Self-employment tax requires you to pay 15.3% of your total earnings. This tax is levied to pay into Social Security and ...

Tax season is approaching, and whether you are filing for the first time or a seasoned pro, there are ways to make the ...

One fast tax tip to review before filing your 2024 federal income tax return is the IRS mileage rate. It's a much-talked-about deduction, but it's also a tax break that stalls out for ...

One of the most common notices from the IRS that my clients receive relates to distributions from their Health Savings Accounts (HSA). It is important to properly report these distributions from ...

Working for yourself can have a lot of benefits, but taxes are generally not one of them. When self-employed, you are ...

Those extra expenses make claiming any available tax deductions all the more important. Here are five you should be sure not to overlook. If you are a self-employed person who works out of your ...

Forms 1099 can be wrong. Say you were paid a consulting fee of $30,000, but the 1099 you receive is for ten times that, $300,000? What should you do?

A deduction cuts the income you're taxed on, which can mean a lower bill. A credit cuts your tax bill directly.