Tax

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

Would you want to know how savings interest is taxed? One of the nicest aspects of savings accounts, in my opinion, is the possibility to earn interest.  You get rewarded merely for holding your money in an FDIC-insured account without completing any effort. Is the interest on savings accounts, however, taxable? Most of the time,

Would you want to know how LLC owners avoid taxes? Based on my extensive knowledge, I can unequivocally assert that pass-through is the fundamental concept pertaining to LLC taxes.  This demonstrates that the revenues of the LLC can be transferred directly to the owner or owners, bypassing the requirement of paying federal income taxes on

Would you want to know How to avoid owing taxes? Based on my experience, just like me years back, It’s not too late. Nearing the end of the year, you might be wondering whether you can reduce your tax bill. Make sensible decisions to lower your tax liability even if you’ve already earned a significant