Filing your taxes can be a stressful experience, especially if you receive a notice that you owe the IRS money! This is known as a balance due on your tax return, and it means that you must pay the amount listed in full by the deadline. Let’s break down what this means for taxpayers and…
Category: Taxes
What’s the Difference Between a W2 and 1099?
As an American taxpayer, understanding the difference between a W2 and 1099 is essential for filing your taxes properly. But what exactly is the difference? This blog post will explain what makes each form unique and how you can decide which is best for you. W2 vs 1099 A W2 and 1099 are two different…
Can I Deduct My Netflix Subscription from My Taxes?
With tax season underway, many taxpayers are wondering if they can deduct their Netflix subscription from their taxes. While there isn’t a straight yes or no answer to this question, there are certain rules that may allow you to deduct your streaming services from your taxes. Let’s explore how entertainment expenses might be deductible. The…
Patronage Dividends: What you need to know
For many individuals who belong to a co-op, you are probably used to receiving a 1099-PATR, and you probably give it to your accountant thinking they know what to do with it. Never asking the question “are all patronage dividends the same?” Most tax professionals will list it as miscellaneous income on a schedule F or…
Which Depreciation Method is most Frequently Used in Businesses Today?
Are you trying to find out Which Depreciation Method is most frequently used in business Today? We can help explain this. Keep reading and find out. What is Depreciation? Depreciation is the process of allocating the cost of a tangible asset over its useful life. This means that the cost of the asset is spread…
Lucid Air Tax Write Off 2022-2023(Best Tax Deduction)
Are you a Small Business Owner who is looking to Learn How to Maximize your Tax Savings using a Lucid Air? Do you want to Learn what amount is tax deductible and how to qualify for maximum Section 179 and Bonus Depreciation? In this article we will be discussing how to get Maximum(100%) Lucid Air…
Income Tax Brackets for 2023
Income Earned Between Jan 1, 2023 and Dec 31st 2022(Taxes Return due in April 15th 2024) Do you want to Learn how 2023 Federal Income Tax Brackets Apply to your taxes? Do you know Single, Married filing jointly, Married Filing Separately, Head of Household Taxpayers have different tax tables? We have put together different tables…
Is Doordash worth it after taxes? (in 2022)
So, you’re considering signing up for DoorDash and are curious whether or not it’s worth it after taxes. That’s definitely a valid question! In this post, we’ll break down what your earnings potential looks like as a Dasher and how much of that will end up in your pocket after Uncle Sam takes his share….
When Is Tax Free Weekend In MA?
Tax free weekends, commonly referred to as tax holidays, can help us to easily save lots of money on the things that we need. During the course of these weekends, sales taxes are completely waived on specific items, commonly school supplies, to help to incentivize people to spend money, to help to stimulate the economy….
When Is Tax Free Weekend In Alabama?
If you want to learn everything you need to know about Alabama’s tax free weekend you’ve come to the right place. Alabama’s tax free weekend represents the perfect time to make savings on essential items and buy products you might otherwise not be able to afford. To be able to make great savings and find…
