The benefits of itemized and standard deductions shifted during the 2019 tax reform, leaving most filers with even more questions. In order to file your return with confidence, it’s important to stay informed.
The standard deductio…
The world is full of secret heroes — everyday people who silently put more good into the world. Some perform everyday acts of kindness. Others save lives through organ donation. A generous offering that sometimes results in physical and financial chall…
The world is full of secret heroes — everyday people who silently put more good into the world. Some perform everyday acts of kindness. Others save lives through organ donation. A generous offering that sometimes results in physical and financial chall…
We all want to get every last one of our hard-earned dimes back from the IRS. Fortunately, working with TaxAct® means you don’t need a master’s degree in accounting to put the figures in your favor. Knowing how deductions and credits affect your situat…
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…
One of the most stressful parts about being a business owner is figuring out how to financially separate your real life and your professional life. As a full-time writer and speaker, I initially struggled to figure out how to draw down a salary and rei…
If you work at home – even just part-time – you may claim a tax deduction for expenses related to your home office.
The new tax laws, however, may affect whether you are still eligible to claim those costs as a ta…
Now is the perfect time to perform a mid-year review of your business activity, including your tax liability. Staying on top of these five things throughout the year will help you save time, money and make tax time much smoother!
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As a small business owner, there are a variety of expenses you can use as tax deductions. Take a look at these common small business tax deductions and see if you qualify.1. Cost of goods soldIf you buy goods to sell, or if you make them yourself, you …
