Taxes
Latest Taxes News
6 Tax Benefits of Having a Child: Credits and More
The IRS offers a number of tax benefits that support families. These opportunities can help you keep more of your…
Self-Employed vs. Business Owner: Tax Differences
While the terms “self-employed” and “business owner” are often used interchangeably, the IRS views them differently. Self-employed individuals typically work…
5 Ways Billionaires Avoid Taxes: Strategies and Examples
Billionaires often avoid taxes using legal frameworks, advanced planning, and strategic investments. While their strategies can be complex, some of…
ISOs vs. NSOs: How Are They Taxed Differently?
When comparing ISOs vs. NSOs, the biggest differences come down to how each is taxed and who can receive them.…
How to Minimize or Avoid Taxes on Your Venmo Transactions
Whether you are splitting a bill or selling handmade goods, the IRS may expect you to report certain payments. This…
The IRS Isn’t Answering. Now What?
What should you do if you need help with your taxes?After a busy filing season, many households are trying to…
What Is Withholding Tax and How Is It Calculated?
You’ve likely noticed the IRS withholds a portion of your paycheck before it ever reaches your bank account. This is…
Inc. vs. LLC: Key Differences, Pros and Cons for Taxes
Choosing between a corporation (Inc.) and a limited liability company (LLC) affects how your business is taxed, how profits are…
IRS Braces For More Workforce Cuts Once Tax Season Ends
With the 2025 regular tax season deadline just days away, the IRS is already bracing for more cuts in its…
Tax Filing Season Statistics Suggests Taxpayers Are Still Waiting To File
IRS data from the fourth week of the tax filing season—the week ending February 21, 2025—continues to suggest that taxpayers…
