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Medical and Dental Expenses Deduction What is the medical and dental expenses deduction? This deduction allows you to deduct a percentage of your qualified medical and dental expenses. Qualified medical and dental expenses include the cost of diagnosis or treatment to cure, improve or prevent a physical or mental illness or defect. They include costs […]
Other Deductible Expenses Deduction What are other deductible expenses? Some types of expenses, which are listed below, fall into a category known as other deductible expenses. That means you’ll be entering these expenses in the Other Deductible Expenses area of Deductions and Credits, rather than in the Charitable Contributions or Casualties and Thefts topics. Don’t […]
What’s new with the Child Tax Credit? Child Tax Credit In 2021, The American Rescue Plan expanded the Child Tax Credit—here are the details: The amount for kids under 6 went from $2,000 to $3,600.The amount for kids ages 6-16 went from $2,000 to $3,000.17-year-olds were previously past the cut-off, but are now eligible for […]
Child’s Income What is Child’s Income? If your child is younger than age 19 or a full-time student age 19-23, he or she must file a tax return for 2021 if he or she had any of the following: Unearned income (interest, dividends, capital gains, taxable scholarships, unemployment compensation) of more than $1,100. Earned income […]
Low-income Americans eligible for tax refund boost this year Millions of low-income Americans are eligible for a one-time tax break this year that could save them big bucks. The federal Earned Income Tax Credit, which is aimed at people in the lowest-paid jobs, is being tripled for a group of workers who typically don’t benefit […]
How to get your Shopify store on Google Getting a site online isn’t hard anymore these days. Tools like Shopify aim to make this process as easy as possible. But before you can start thinking about ranking, you need to make sure Google knows your site exists. So, once a site is online, how can you let Google know your site is online? Here, you’ll discover […]
7 personal lessons that the mistakes made during my journey as an entrepreneur left me All entrepreneurs have always liked to read about the entrepreneurship tips, advice and habits of successful entrepreneurs such as Rockefeller , Bill Gates , Jeff Bezos , Elon Musk , Henry Ford , among many more, and of course we […]
You should help your family and friends set up two-step verification (2FA) Phishing scams and other types of password theft attacks are on the rise, and it has never been more important to set up two-factor authentication on your accounts (also known as 2FA). What exactly is 2FA? As the name suggests, it adds a […]
Understanding T777: Statement of Employment Expenses Learn more about Form T777, why it’s needed, and what your employees (and you) need to do to complete it. As you might already know, some employees need to pay for their own expenses to fulfill their job responsibilities—but for many of them, this arrangement isn’t ideal. The government […]
6 Ways to Use Marketing Collateral to Help Your Business Grow Have you used marketing collateral to promote and grow your business? If not, you’re missing out on valuable growth marketing tools. Marketing collateral is an essential piece of getting the word out about your business, connecting with customers, and ultimately convincing them that your […]