Uber, Lyft, and other rideshare drivers spend their days driving strangers from Point A to Point B. Just like any other business, Uber and Lyft drivers get to claim their mileage, gas, and other day-to-day expenses as business write-offs. Unlike regul…
Whether you file early or wait until the deadline, there are simple things you can do today to help you cruise through tax season. Use these five tips to get organized, address little things early, and clear away filing obstacles. That way, when you si…
Starting a farm? Already keeping a legacy alive? Then you know tax laws for farms are more complex than any new-fangled tractor engine. Even seemingly simple write-offs — like livestock — can operate differently on your return.
Luckily, We’ve got the d…
If you’re making money doing what you love, congrats! Isn’t that what we all want in life? And if your pastime brings home the bacon, does that make it a business? How can you be sure?
As simple as the di…
Gamblers understand the concept of win some, lose some. But the IRS? It prefers exact numbers. Specifically, your tax return should reflect your total year’s gambling winnings – from the big blackjack score to the smaller fantasy football payout. That’…
If you earn income transporting strangers from Point A to Point B, chances are you’re already aware of the most common tax deductions for rideshare drivers: mileage on your car, filling your tank with gas, insurance, etc. But let’s talk about the side …
Your Happy Hunting Could Save You Hundreds
That title smells like clickbait. But we promise deer deductions are a real thing. We also promise that the recent film star around the office, our very own deer, is happy, healthy, and raiding the fridge com…
It’s important to stay on top of the tax deadlines to avoid possible penalties and interest charges for late filing and payment of taxes. Getting behind on tax filing obligations can be stressful, too. It’s better to file early or on time, so you can s…
There may be some areas of life in which you can avoid a problem, and it gets better or goes away.
Unfortunately, owing a big tax bill to the IRS is not one of them. In fact, the more you ignore your taxes, the worse they get.
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Tax season is here. In fact, we’re already halfway to the deadline!
If you haven’t filed your tax return yet, don’t fret. TaxAct is ready to make your tax preparation process as simple as possible. In fact, by using tax software, you&…
