Jamie Grill | Getty Images Over the last few years, the number of people working from home tripled, according to the U.S. Census Bureau. But the freedom that comes with remote work can also cause confusion when it comes to your taxes. Depending on where you’re logging in to work, you may have to navigate […]
Working remotely? Here are 4 things to pay attention to this tax season Read More »
As a Veteran, you may be eligible for certain tax benefits under the tax code. It’s important to file your taxes before this year’s April 18 deadline and be aware of the benefits that apply to you. Here’s a summary of some of the key tax benefits for military Veterans provided by accountant and tax
In tax season, how can Veterans maximize their tax benefits? – VA News Read More »
(NEXSTAR) – Tax season is upon us again, with less than 80 days until tax returns are due. If you haven’t filed your taxes yet, that means you still have time to take advantage of some commonly overlooked credits and deductions. As the IRS explains, deductions will reduce the amount of your income before you
8 tax deductions, credits you may qualify for in 2023 Read More »
Tax pros and taxpayers need to be aware that for 2022 federal income tax returns, the IRS now requires all taxpayers to answer the digital asset question on page 1 of the following forms: 1040, Individual Income Tax Return 1040-SR, U.S. Tax Return for Seniors 1040-NR, U.S. Nonresident Alien Income Tax Return, This question must
IRS requires all taxpayers to answer digital assets question on 2022 FY Form 1040s Read More »
CLARION, Pa. (EYT) – Clarion H&R Block submitted the following article: 2022 Tax Law Changes – What to Know About to Maximize Your Refund. (Photo above by Dave Cyphert of ProPoint Media Photography.) Taxes laws change each year, and it can be tough to keep up. Last year, a host of tax law changes let
If your adjusted gross income was $73,000 or less in 2022, you can file your federal taxes for free with IRS Free File. Roughly 70% of taxpayers qualify for the service, but only 2% used it during the 2022 filing season, according to the National Taxpayer Advocate. While partners offer the most commonly used tax
Roughly 70% of taxpayers are eligible for IRS Free File, but only 2% used it in 2022 Read More »
Tax season brings rule changes for business owners, and this year is no different. For instance, you can deduct 100% of what your business spent at restaurants in 2022 on your taxes this year. But in 2023, that figure will return to 50%. What never changes, experts say, is the need to keep accurate records
Small-Business Tax Changes and Tips to Know in 2023 – NerdWallet Read More »
What’s your best tax strategy for 2023? Have highly qualified people do your taxes. For free. Crazy talk, you say? Not at all. As long as you don’t have a complex return — say, a small business with employees or alternative minimum tax — it’s quite likely you can get your taxes done for free.
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Drazen_ | E+ | Getty Images Although the entire cryptocurrency market lost about $1.4 trillion in 2022, some investors could have used the dip to save big when they file their taxes through a strategy known as tax-loss harvesting, which can be useful to those who have assets that declined in value. It’s too late
Tax Free getty As of January 2023, the annual gift tax exclusion amount has increased to $17,000. That is the amount you can gift to any one person each year free of any tax implications. For years the amount was set at $10,000, but since 2002 it has been slowly increasing. Making annual exclusion gifts
8 Tips For Tax-Free Gifting In 2023 Read More »
