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Paying Taxes

Tax Write Off for Donations to Goodwill

Donating to Goodwill is a great way to give back to the community while also benefiting from potential tax savings. The IRS allows taxpayers to…


Backup Withholding: What It Is and Who Has to Pay It

Backup withholding is one of those tax mechanisms that can seem deceptively simple: Normally, it’s used by the IRS to ensure that individuals and businesses…


State Income Tax Rates in the U.S.

State income tax rates vary widely across the U.S., from states with no income tax at all to those with steep progressive rates. This article…


Understanding Back Taxes: What They Are and How to Handle Them

Back taxes are unpaid taxes that were not paid by their due date. They can accumulate over time due to various reasons, such as financial…


Defining the Qualified Business Income Deduction (QBI)

For many, the QBI deduction is a crucial tool in managing tax costs, but it can also be complex to understand. Knowing how the deduction…


The Inheritance Tax: What You Should Know and What To Do About It

Inheritance tax is an important consideration for individuals who receive assets from a deceased person’s estate. While the United States does not have a federal…


Can I Claim My Girlfriend as a Dependent?

When tax season rolls around, many people start looking for ways to maximize their deductions and reduce their taxable income. One common question that comes…


CPA Tax: What It Is and How It Can Help You

When tax season rolls around, many people find themselves overwhelmed by the complexity of the U.S. tax code. Whether you’re an individual taxpayer with a…