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Nov 7, 2022Child Tax Credit 2022
The Child Tax Credit 2022 is a powerful tax tool that can save your taxes. The Child Tax Credit 2022 is now worth up to $2,000 per qualifying child and used to reduce the tax you owe.
adminOct 30, 2022Tax Write-Offs
While people typically think of business expenses when thinking about tax write offs, these may also be tax deductions, credits, or expenses you are entitled to claim against your personal taxes, also reducing your individual taxable income.
adminOct 20, 2022Self Employment Tax
Self employment tax is a tax that comprises two taxes: Social Security and Medicare. All working Americans pay self employment tax. The IRS enforces it rigidly. There are only a few exceptions to the requirement to pay this tax to date. So yes, we all pay for it.
adminOct 7, 2022The Difference Between 1099 vs W2
If you are working both as a W2 salary employee and a freelancer, you will need to file Tax Form 1099 along with your regular W2 tax return. Because the IRS treats every 1099 payment as taxable income, you are required to report your 1099 payments on your tax return. Let’s get into 1099 vs W2 right away.
adminSep 30, 2022Fourth Stimulus Checks
Unlike previous pandemic relief measures, these fourth stimulus checks payments are much more targeted, and most offer considerably lower dollar amounts. That’s not because governments have developed a mean streak. Instead, it’s about helping Americans whether raising prices without making inflation worse.
adminSep 22, 2022Updates on EV Tax Credit
The EV tax credit may be just what you need. For the tax year 2022, the credit amount is $2,500 to $7,500, depending on the battery capacity in your electric or alternative motor vehicle. So if you are thinking of going clean and green, this could be a great way to save some money.
adminSep 14, 2022Filing Freelance Taxes for Fiverr or Upwork Gig Workers
As a freelancer taxes or filing 1099 online can feel like an impossible challenge. But with the proper guidance from our Tax Service Professionals, it doesn’t have to be so daunting. This freelancer taxes guide outlines everything you need to know to file your 1099 freelancer income taxes quickly and minimize your tax bill as much as possible.
adminSep 9, 2022Updates on Student Loan Forgiveness
As higher education costs continue rising, many students struggle to repay their loans. US Government proposes a new income-based repayment and Student Loan Forgiveness plan to make the lending process more manageable for future borrowers.
adminAug 30, 2022E-file Hawaii Tax Online for a Simple and Easy Tax Filing
evenue. Our Hawaii tax online experts work diligently year-round to stay up-to-date on the latest Hawaii Tax Laws so that we can help lower your state tax burden
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