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Is social security disability taxable? It’s a question that a lot of people have asked. While the answer can be a bit complicated, in most instances …

If you’re self-employed, you may feel a little lonely during tax season. After all, it’s hard to gauge which deductions you’re entitled to when there …

On Jan. 1, German citizen Hans Schlabaugh arrived in the United States for business meetings. He returned to Germany 10 days later. Then, on May …

Steven Mnuchin, the Treasury Secretary for the federal government, announced today that the traditional April 15 tax deadline will not apply this year. In a …

If your morning commute takes you from kitchen to couch, consider it a win. After all, what could be better than skipping roadway hassles and …

Choosing a local tax return service can be a critical decision for many individuals and businesses. With the tax laws and regulations constantly changing, it …

Getting tax terms straight can be a dizzying exercise. Remembering the difference between your income, investment income, gross income, and your adjusted gross income is …

What the Letter Was Supposed to Say While the contents of these letters was completely incorrect, there actually was supposed to be a letter sent. …

A homestead exemption is a provision that helps certain taxpayers reduce their property taxes (and protect the homestead from creditors) following the declaration of bankruptcy …

It’s that time of year again. The airwaves are once again full of commercials for tax relief services. They offer a promise to settle your …

Tax credits reduce your tax bill on a dollar-for-dollar basis. However, deductions are what lower your taxable income. The good news is that some home …

Some people worry that offering financial help will enable irresponsible family members. On top of that, complicated tax laws can make the whole process much …

Learn what to do if you’ve changed your address or need an extension. Take action if you think you may have been the victim of …

Millions of American families received a child tax credit payment for 2021. However, that same payment isn’t exactly guaranteed in 2022. There are plenty of …

Normally, filing taxes is pretty uneventful for me on the freelancing side. That’s because I log my expenses as I go. So when it’s time …

Tax season can be stressful and overwhelming. Unless you’re a numbers person who enjoys filing each year, completing your income taxes is a job you …

Most people think of their investments in terms of gains and losses. Unfortunately, very little thought is given to the potential tax implications. That is, …

Whether this tax season is your first or you’ve been doing this adulting thing for a few years, you might still have questions about your …

Most college students probably aren’t spending too much time worrying about the financial implications of their offshore accounts or stressing about capital gains taxes. But …

It’s safe to say there’s not a taxpayer in the United States who doesn’t want to get a tax refund from Uncle Sam. Most people …

When it comes to paying taxes, you need to know what you’re doing. Making a mistake can be costly. Backup withholding is a process where …

Whether you realize it or not, April 18th is a big day. That’s when taxes in the United States have to be filed. Even if …

Taxes are difficult enough for civilians. But if you’re a member of the armed services or in a military household, the dreaded chore of filing income …

What could be more carefree than being a student? You eat leftover pizza for breakfast, you do your laundry once a month and you occasionally …

The world continues to deal with the effects of the pandemic and the economic uncertainty it created. Every day, the number of Americans dealing with …

When discussing income tax, it’s easy to confuse similar-sounding technical terms. The boundaries around tax exemption and tax deduction are particularly blurry. Although these two …

Here’s the good news: There are many tax deductions you can (and should) take if you’re looking for small business savings come April. The (not really that …

You’ve probably heard the phrase before and wondered “what is tax liability?” Simply put, a tax liability is the total amount of tax owed by …

If your first question about filing taxes with tip income is, “Uh, how do I file taxes with tip income?” then you’re in the right place. Unless …

If you’re traditionally employed in the United States, you’ve likely glanced at the line-by-line breakdown on your paystub before. You’ve probably noticed a deduction called …

Common-law marriage has been practiced in the United States since the 1870s. The rules are still applied to any unmarried couples living together that meet …

A tax abatement is a reduction in the amount of taxes a business or individual must pay to the federal, state, or municipal levels of …

I was recently emailing back-and-forth with one of my readers at MoneyNing. I was explaining how contributing to a 401(k) is a better option for …

You may have heard the argument that Social Security is not really an entitlement program. Some will insist it’s actually a benefit that you’ve paid …

It’s been a strange year. That goes for everything, really, but it’s especially true of your taxes. Between layoffs, furloughs, stimulus checks, unemployment benefits, and …

Features There are many useful features in the new IRS Gig Economy portal. Some of the highlights include forms for tracking income and expenses and …

You 2021 Tax Return is due by April 15. If you suspect you will owe the IRS money, start making a plan for repayment now. …

Navigating taxes can be difficult no matter where you are in your career. Understanding the differences between W-2 vs. W-4 tax forms can be especially …

Being a landlord can bring in a significant revenue stream, but it isn’t as easy as it looks. There are a lot of investments involved, …

The Schedule 1 tax form might be applicable to you. If it is, it will become part of the standard Form 1040 you fill out …

While owning a home has widely been considered the American dream and one of the best ways to build long-term personal wealth, the tax benefits …

Most of us set out to do our taxes with two specific goals in mind: try to pay as little we can to the IRS …

If you’ve combined your finances with a spouse for years, it might come as a shock to have to shoulder the responsibility of filing your …

Every single Spring, it’s the same thing. Tax season rolls around and millions of Americans stress about making sure their tax returns are correct. Even …

Spring signals many things. It might mean (re)committing to those New Year’s resolutions, enjoying the warming weather and signs of new beginnings in nature, or …

As the well-known saying goes, there are only two certainties in life — death and taxes. This axiom is tried and true. Anyone who has …

If you’re thinking about moving to a new state, then you might want to look at its taxes. Since individual income, property, and sales/excise taxes …

You’re well within your rights to use every available legal avenue to reduce your tax bill. Tax credits and tax deductions are both powerful instruments …

As the world grinds to a figurative standstill in the wake of a global health crisis, two things remain certain: death and taxes. However, you’ll …

Nowadays, do-it-yourself online tax filing is easily the most popular way to file you tax return. For many people, it’s convenient, cheap, and takes care …