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LITTLE-KNOWN TAX TIPS FOR SMALL-BUSINESS OWNERS At TAX TIME , small businesses look for ways to SAVE MONEY AND MAXIMIZE CREDITS and deductions. “One of the most overlooked ways for small bu...

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WHAT TO KNOW ABOUT TAXES ON FOUND PROPERTY It’s happened to many of us at some point—you may be walking along a street and look down. Lo and behold, there’s a $20 bill in your path. Or m...

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THE DIFFERENCE BETWEEN A 1099 AND A W-2 TAX FORM Both the Form W-2 and Form 1099 serve a similar purpose—to report income you earned from sources throughout the tax year—but each is issued...

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COMMON TAX DEDUCTIONS FOR CONSTRUCTION WORKERS Regardless of your trade in the construction industry, ALLOWABLE TAX DEDUCTIONS can lower your tax liability and possibly lead to getting a TAX ...

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COST BASIS: TRACKING YOUR TAX BASIS “Basis” is one of the most important words in the lexicon of taxes. Sometimes you see it by itself. Sometimes it’s called “cost basis” or “adjus...

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MAKING TAXES EASY: TIPS FOR ORGANIZING RECEIPTS AND EXPENSES Tracking your expenses could help you save money at TAX TIME . But it’s essential that you KEEP RECEIPTS AND DOCUMENTATION to ba...

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TOP TAX DEDUCTIONS FOR CONSULTANTS Consultants are likely to have DEDUCTIBLE BUSINESS EXPENSES that can help you save big on your taxes. A checklist can help you account for every deduction y...

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HOW BONUSES ARE TAXED Working hard all year to help your company meet its annual goals deserves a reward, and you’ve definitely earned that bonus. But bonuses count toward your income for th...

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HOW THE PATH ACT BENEFITS SMALL BUSINESS OWNERS Small businesses create jobs and help drive economic growth, and they can improve their bottom line at TAX TIME under the PROTECTING AMERICANS ...

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TAX TIPS FOR FREELANCE WRITERS AND SELF-PUBLISHED AUTHORS If you earn money selling your words to websites and other publishers, the Internal Revenue Service will likely say you’re a SMALL B...

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WORK AS A HAIR STYLIST? TAX TIPS FOR HAIRDRESSERS As a hair stylist, you’re probably more focused on giving your clients the perfectly tousled waves than thinking about your tax liability. B...

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WHAT IS MY TAX BRACKET? The term “tax bracket” refers to the highest tax rate charged on your income. Under the federal INCOME TAX system, DIFFERENT RATES apply to different portions of ...

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TAX TIPS WHEN SENDING KIDS TO PRIVATE OR PUBLIC SCHOOLS The decision to send your child to a public or private school is a personal choice. If you settle on PRIVATE K-12 SCHOOLING , there are ...

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WHAT ARE TAX BRACKETS? The United States uses a progressive tax system, which means different portions of your income are TAXED AT DIFFERENT RATES . To learn more about this system and how it ...

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WHAT IS THE FEDERAL SUPPLEMENTAL TAX RATE? If you work as an employee, the amount of tax withheld from your paycheck is based upon the information you provided on Form W-4. However, if you rec...

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TAX TIPS FOR NANNIES AND AT-HOME CAREGIVERS When it comes to working in people’s homes, the working arrangements are often casual and wages are paid out in cash. This grey area can lead to c...

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SIDE-GIGGERS: TAX TIPS FOR SIDE JOBS Having a side gig can help you make ends meet or build your rainy day fund. Income from FREELANCE WORK , running your own small business or working at a se...

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DO YOU HAVE TO CLAIM PELL GRANT MONEY ON YOUR TAXES? The IRS treats a Pell grant as a scholarship, which means it’s possible that you’ll have to REPORT THE GRANT MONEY on your TAX RETURN ...

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CASH FOR COLLEGE: TAX-FREE 529 PLANS With a 529 plan, you can stack up the books, not the debt. No matter how old your child is, it might be time to consider a QUALIFIED TUITION PROGRAM (QTP)...

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GUIDE TO TAX FORM 1098-T: TUITION STATEMENT Eligible colleges or other post-secondary institutions must send FORM 1098-T to any student who paid “qualified educational expenses” in the pr...

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