There are lots of expenses associated with the start-up and day-to-day operations of a business. Fortunately, many of these expenses are deductible, lowering the ownerâs income tax and self-employment tax. Here are five deductions that can benefit small-business owners and self-employed taxpayers.
5 Tax Deductions for Self-Employed Freelancers & Small Business Owners is a post from Money Crashers.
How easily veterans adjust to their lives after service depends on many factors, not the least of which is their ability to maintain adequate finances to cover their home payments and daily needs. There’s good news for vets on that … Continue reading →
The post Best States for Veterans – 2020 Edition appeared first on SmartAsset Blog.
From early January to mid-February, you might receive a number of tax documents in the mail. They can range from expected W-2s from your employer to forms about mortgage interest you paid. One form that many people don’t expect is the 1099-C. Discover why you would receive such a form and what the IRS expects… Read More
The post 1099-C: What You Need to Know about the Cancellation of Debt Tax Form appeared first on Credit.com.
Inheriting a home or other property can increase the value of your estate but it can also result in tax consequences. If the property you inherit has appreciated in value since the original owner purchased it, you could be on … Continue reading →
The post How to Avoid Paying Taxes on Inherited Property appeared first on SmartAsset Blog.
Way back in 2015, I had a nine year old boy. Even back then, I could see him showing some early flashes of adulthood and maturity, and it got me wondering about his future as it relates to money and freedom. So I wrote a post calledÂ What I’m Teaching My Son About Money, which sharedÂ some […]
The IRS has taken down Al Capone, Wesley Snipes, Martha Stewart and other big names in the past for tax fraud. The federal government takes taxes very seriously. Not filing your tax returns is a serious offense. Although there won’t be a nationwide manhunt for late returns, you may still see some hefty fines and… Read More
The post Understanding What to Do with Unfiled Tax Returns appeared first on Credit.com.
Taxes can take a big bite out of your income, especially if youâre in a higher income tax bracket. And even with careful planning, itâs possible that you could still be hit with an unexpected tax bill. The good news … Continue reading →
The post Strategies for Avoiding and Reducing Taxes appeared first on SmartAsset Blog.
I messed up! Despite trying to make this article as fact-based as possible, I botched it. I’ve made corrections but if you read the comments, early responses may be confusing in light of my changes.
For the most part, the world of personal finance is calm and collected. There’s not a lot of bickering. Writers (and readers) agree on most concepts and most solutions. And when we do disagree, it’s generally because we’re coming from different places.
Take getting out of debt, for instance. This is one of those topics where people do disagree — but they disagree politely.
The latest news about trends in the world of real estate.
The time to learn how to run a generator safely is before a power outage. When you’re in crisis mode, it’s much easier to make mistakes that could be fatal.
The post 8 Dangerous Mistakes To Avoid When Firing Up Your Generator This Winter appeared first on Real Estate News & Insights | realtor.comÂ®.