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

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

There's no sure way to predict an IRS audit, but if you're self-employed, these ten "red flags" could increase your chances ...

Financial expert Paul Hood joined News On 6’s Jonathan Cooper for Money Monday to break down what gig workers should know about taxes and deductions.

However, you can deduct 50% of the self-employment tax you pay. Qualified Business Income (QBI) deduction: As an independent contractor, you can deduct up to 20% of your taxable income ...

The free package is designed for people with fairly simple tax returns. It won't handle itemized deductions or the ... doesn’t have a standalone Self-Employed DIY package. That’s because ...

This required tax ... 1099 non-employment income. This section also directs you to a worksheet on page 3 that you can use to reduce your withholding because you expect to claim other deductions ...

"Self-employed taxpayers should prioritize compliance over inflated refunds," said the Head of Client Solutions at Clear Start Tax. "If you're unsure whether you qualify for a tax credit, it's best to ...

The bad news: If you donate to a campaign, you probably won’t qualify for a tax deduction. Read on to learn how GoFundMe taxes work, whether you’re receiving money or donating to a campaign.

New York state has nine income tax rates, ranging from 4% to 10.9%. Tax credits and deductions, filing status and residency status can influence what you pay. Many, or all, of the products ...

A frustrating thing about working hard to earn money is knowing the IRS will tax a portion of your earnings. Federal taxable income generally includes wages, tips, royalties, commissions ...