For tax year 2022, the maximum deduction amount has increased for the first time, to $300. Joint return filers who are both educators may deduct up to $300 per spouse. You may qualify for […]
From the August, 2022
If you get married in 2022, you may need to update your tax planning and report new information to the IRS and Social Security Administration (SSA). In particular, newly married couples should: – Report […]
Crowdfunding has become one of the most popular ways to raise money for charities, businesses, and people enduring hardships. Depending on a variety of circumstances, money raised through a crowdfunding campaign may be either […]
Scammers often claim to represent the IRS in order to steal Americans’ identities or money. You can better protect yourself by learning how to distinguish legitimate IRS communications from fraudulent messages or calls. As […]
Americans of all ages with summer income from self-employment may need to pay estimated tax on a quarterly basis in order to avoid IRS penalties. Alternatively, if you have self-employment earnings but also work […]