Personal Taxes
Learn how to save, find some little-known deductions, get the latest in tax breaks, and more in our Personal Taxes articles section.
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Is My Hobby Income Taxable?
Many people earn a little income from activities that are more hobby than business, but you might not realize that income is taxable in the eyes of the IRS.
· 3 min read
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Advantages of Using Online Tax Services
Online tax services can save you time and money.
· 3 min read
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Self-Employment Tax: What to Know and How to Calculate It
Self-employment taxes require quarterly payments calculated at a higher rate than employees who have their payments deducted from each of their paychecks.
· 2 min read
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How to Claim the Home-Office Deduction
Working from home offers many attractive perks in terms of flexibility and convenience. Make sure that you also maximize your home office from a tax perspective by claiming your home office deduction.
· 4 min read
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5 Ways to Avoid a Tax Audit
The IRS is looking for red flags when deciding who to audit. Know how to avoid waving them, and you'll be likely to duck unwanted attention from tax authorities.
· 4 min read
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5 Reasons to File Your 2020 Taxes Early
Waiting until April 15 may not be the best move this tax season.
· 3 min read
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What Makes the 2020 Tax Season Different for Small Businesses and Consumers
Understand how your tax burden might be affected by factors such as working from home, caring for children during school closures, getting ill, and receiving a stimulus check.
· 3 min read
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Have You Received Your IRS Check Yet?
In the next few months, millions of Americans will be receiving a check in the mail from the U.S. Treasury. Many people think it's a refund of the taxes paid last year, but it's not. Technically, the checks sent out in the spring and summer are advances on the taxes Americans are paying now (through paycheck withholding), or the taxes they will pay next April.
· 1 min read
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7 Questions to Ask When You're Vetting a Tax Lawyer
Tax lawyers can help you through a tax controversy, or help you avoid one. To get the right lawyer for your needs, you need to know what to look for.
· 4 min read
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How Are Incentive Stock Options Taxed?
If you receive a stock option from your employer, the type of stock option determines the timing of income you must report for tax purposes. The length of time you hold the stock acquired from the exercise of an option influences the type of income.
· 3 min read
