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How to Save Money on Taxes with an LLC vs 1099 Are you a freelancer or a small business owner looking for ways to reduce your tax liability? If so, you might be wondering whether you should operate as an LLC or a 1099 contractor. In this blog post, we will compare the tax benefits […]
How to Prepare for a House Closing: A Guide for Buyers and Sellers Are you ready to close the deal on your new home? Or are you selling your property and want to make sure everything goes smoothly? A house closing is the final step in the real estate transaction, where the buyer and the […]
How Long Does It Take to Get Your Tax Refund If You Claim EITC or ACTC? Are you wondering when you will receive your tax refund if you claimed the Earned Income Tax Credit (EITC) or the Additional Child Tax Credit (ACTC)? You are not alone. Many taxpayers who are eligible for these credits are […]
When Will the Child Tax Credit Bill Pass? What You Need to Know The child tax credit is a tax benefit that helps millions of families with children. But what is the status of the bill that would expand it? Here’s what you need to know. What is the Child Tax Credit? The child tax […]
🌟 When to Say Goodbye: Signs It’s Time to Quit Your Job 🌟 Introduction: Are you feeling stuck in a professional rut? Wondering if it’s time to spread your wings and soar toward new horizons? You’re not alone. In this blog post, we’ll explore the telltale signs that indicate it might be time to bid […]
Maximize Your Impact: Charitable Items and Stock Donations Deduction Unlock the potential of your donations! That’s right, we’re talking about charitable item and stock donations deduction. Are you looking for ways to make a positive impact on the world while also reducing your tax liability? If so, you’re in luck! Charitable item and stock donations […]
How to Report Your Business Income to the IRS Are you a business owner looking to understand what constitutes business income according to the IRS? Look no further! In this article, we’ll break down the definition of business income and provide you with tips on how to report it properly. What is Business Income? First, […]
What is the Sales Tax Paid Deduction? First, let’s define what the sales tax paid deduction is. The sales tax paid deduction allows taxpayers to deduct the amount of sales taxes they paid during the year. This can include taxes paid on purchases such as cars, clothing, and electronics. The deduction is especially beneficial for […]
11 States Eyeing Your Social Security Benefits in 2024 Are you aware that your Social Security benefits might be taxed? Yes, you heard it right. In 2024, there are 11 states that have plans to tax Social Security benefits. If you receive Social Security benefits, you may not have to pay federal income taxes on […]
Maximizing Tax Benefits: Understanding How Your HSA Impacts Your Taxes Introduction: Greetings! Do you want to learn how your Health Savings Account (HSA) impacts your tax situation? If so, you’ve come to the right place because we’re going to explore this topic and reveal all the essential information you need to manage your taxes with […]