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Capital Gains and Income: Are You Ready to Realize How Your Gains Affect Your Taxes?
Did you realize this about your capital gains? Are Capital Gains Considered Income? Capital gains are profits earned from the sale of capital assets like…
Are Union Dues Tax Deductible?
As a member of a labor union, you may be curious to know if union dues are tax deductible. The answer is yes, but there…
Incoming! Filing Income Taxes When You Don’t Have Any Income to Report Has Real Benefits
You had me at "you might get money if you file, even if you don't have income." Yes, you can file taxes without income. You…
There Is No Such Thing As a Department of Employee Retention Credit: Ignore ERTC Promoters, Skip the Seminars, and Avoid ERC Scammers
Not a real department. Courtesy | Twitter, Dan Chodan, @danchodan Beware of Third-Party ERC Schemes and Aggressive Promoters The Employee Retention Credit (ERC)…
“Status: It’s Complicated” Breaking Down the Head of Household status, Spouse vs Dependents, and How Many Allowances You Can Claim
"Can my wife be a dependent?" Only if you wanna sleep on the couch. Are You The Head of Household? This filing status allows for…
Combat Pay: When It’s Tax-free, When It’s Not and What the IRS Needs to Know for Your Tax Returns
The irony of tax-free pay is how much paperwork is involved. Combat pay is a special type of income that is granted to military personnel…
The Other Tax Credit for Children: What is the Child Care Tax Credit and How Does It Work?
A credit for taking care of kids. A credit for having kids. Now where's the tax credit for teenagers sass? The Child Care Tax Credit…
Love and Paperwork: What Does It Mean to Be Married and File Single?
So, it's got some tax advantages, but now my question is "how do you bring this up at dinner?" When couples get married, they typically…
