One thing we know about the most significant tax changes in decades: it will affect your tax return. While other tax code changes throughout the years may have tweaked obscure credits and rules, the tax reform signed into law in December 2017 made chan…
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!
…
At the end of June, the IRS released an early draft of the newly revised Form 1040. If you’re not familiar with that term, Form 1040 is the standard tax form individuals use to file their income tax returns. For instance, if you itemized your ded…
[INFOGRAPHIC] 10 Key Tax Reform Changes for Individual Tax Filers – TaxAct Blog
We’re ready to help
Have a question? Ask, or enter a search …
You’ve probably heard about the adjustments to the state and local tax deduction. The 2017 tax reform made sweeping changes to how much you can deduct.
To better understand the changes that went into effect for 2018, he…
There’s always plenty of hubbub about tax refunds, but in all reality, lots of Americans end up owing the IRS money after they file. Self-employed people even need to pay a quarterly tax bill! Fortunately, the IRS makes it both simple and conveni…
Freelancing brings a lot of great benefits to the table. You get to control your own schedule. You can charge what you want for your services. You can work from practically anywhere. Yet, being a freelancer also comes with its own set of challenges. On…
Who doesn’t love a good refund? There’s the kind you get when you return a shirt to the mall or complain because the Wi-Fi wasn’t working on your cross-country flight. And then there’s the kind that can really make a difference in your annual budget an…
Late Tuesday afternoon, the Internal Revenue Service (IRS) announced an extension to the tax filing deadline after its systems for electronically filing tax returns were offline for most of the day. Tax filers now have until midnight on Wednesday, Apri…
In the wake of the Tax Cuts and Jobs Act, business owners nationwide are looking closely at whether incorporating as an S corporation or a C corporation will offer a greater reduction in their tax burdens over the long haul. While C corporations …
