Tax Deductions for Home-Based Businesses
How to Qualify and Claim Deductions for Your Home Operation Your home-based business is in a unique tax situation. You can take all the usual business tax deductions, but some…
How to Qualify and Claim Deductions for Your Home Operation Your home-based business is in a unique tax situation. You can take all the usual business tax deductions, but some…
It’s been a year like no other, and taxes will be no exception. Your federal income tax return for 2020 — the one due by April — will be a…
What Is an Independent Contractor? An independent contractor (IC) is simply someone who works for someone else but not as an employee. An employee is someone who works for a business, and the…
If you own an investment property and collect rent from your tenants, it’s important to declare that rental income on your taxes. You can, however, deduct expenses you incur to…
Being self-employed is rewarding, but there are some caveats, one of which becomes more obvious at the end of each year — while you’re preparing to file your taxes. As…
Most military personnel don’t have the time to pay attention to their finances. They are simply too busy, with families, friends and jobs. When servicemembers do have to make a…
What Is the Capital Gains Tax? The capital gains tax is the levy on the profit that an investor makes when an investment is sold. It is owed for the…
The taxman cometh, and that may have you wondering: What does it mean for something to be pre-tax or tax-advantaged? From commuter and child care benefits to retirement accounts, pre-tax…