Tax

Do you want to know How to increase my tax refund? A tax refund is a discrepancy between the amount paid in taxes during the year and the amount owed upon filing the tax return.  Consider the following example: You will receive a refund of $1,750 if you withhold $10,250 from your paychecks in 2022 […]

Do you want to know if a tax write-off means you get the money back? Considering my personal experience, A tax write-off is not a phrase the IRS uses; instead, it is slang for a tax deduction.  Put differently, a tax write-off can be any cost deductible on an individual or corporation tax return.  However,

Would you want to know if write-offs lower your tax bracket? According to my experience, understanding your tax bracket and where you belong inside that tax bracket is critical to determining how much tax you must pay.  Whatever your tax rate, knowing what tax deductions and write-offs are available to you can help you save

Do you want to know if you claim your Internet bill on taxes? Certainly, you are able to do so. Still, in order to be eligible to claim your internet bill, you will need to determine the proportion of time that you spent on business operations and then utilize that percentage as your minimum.  Consequently,

Do you want to know if cell phone expenses are tax deductible? Cellphones have become as important to the company as a landline, making them a common and required corporate cost.  However, because smartphones are closely tied to our personal lives for the majority of us, it’s a deduction that the IRS scrutinizes to ensure

Would you want to know if it is better to owe taxes or get a refund? The IRS refund season is here, and millions of Americans are getting ready to submit their returns—but is paying better? Although some prefer to pay the IRS, many prefer larger refunds. However, Regarding the best tax plan, there is

Would you want to know How often self-employed get audited for tax? Based on my experience, Self-employed individuals can reduce the likelihood that the IRS will reexamine their tax returns by averting the following audit red flags. Thousands of notices are issued annually by the IRS to audit taxpayers. Many individuals may find this type

Would you want to know How much is each dependent worth on taxes in 2024? Based on my experience, I’ve seen that the child tax 2024 is worth $2,000 per qualified dependent child for married people filing jointly or whose modified adjusted gross income is $400,000 or less or $200,000 or less for everyone else.

Would you want to know How much does a tax write-off really save you? Most likely, you have heard someone say, “It’s a tax write-off,” just before making a costly purchase like a new desk, computer, or office supplies. Sadly, tax write-offs are more complicated than that. To make write-offs worthwhile, careful planning and accounting

Would you want to know How many kids I can claim on my taxes? In my experience, kids are wonderful. However, they can be onerous in numerous ways. In April, my parents always increased my allowance as a child. They would explain that it was to instruct me on money management. Without intending to disparage