Small business owners should always work with an accountant at tax season to ensure everything is properly filed. Thankfully ...

Every year, millions of Americans wager billions of dollars on the Super Bowl, hoping to cash in on the biggest sporting ...

The home office deduction could provide a tax break on your 2024 return. Here’s who qualifies and how to claim it.

There are an enormous number of side gigs that could help you earn a little extra cash each month. Whether you want to drive ...

These rates apply to your taxable income. Your taxable income is your income after various deductions, credits, and exemptions have been applied. There are also various tax credits, deductions and ...

Being in business for yourself can be exciting, lucrative, and a great way to draw the attention of the IRS's audit division.

There are certain situations where personal loan interest is tax deductible, like if the loan funds went toward certain business or education expenses. Finding personal loans with lower interest rates ...

The ill effects on finances as a result of divorce due to child support, alimony, reduction in income, Being financially strapped robs you of your ability to save money, your dignity, and your ...

The Taxpayer Certainty and Disaster Relief Act of 2020 temporarily boosted the business deduction for food and beverages to 100%, including tax and tip, for 2021 and 2022. Note, entertainment ...

The change, part of a much larger overhaul of tax policy, limited deductions for state and local taxes — SALT in the political vernacular — on federal tax returns to $10,000. The limit has the ...

LegalZoom explains why owners should still file a federal tax return even if their LLC did not do any business in the previous year.