This year, the stock market has seen a strong run, and many investors have enjoyed gains in their portfolios. But what if some of your investments didn’t do as well?
Here’s the good news: even if you’ve had losses, you can use them strategically to reduce your tax bill. Stock...
Did you know that a few easy tax moves could save you hundreds, if not thousands, come tax season? With changes in tax brackets, an increase in the standard deduction, and some new IRS reporting rules, 2024 is shaping up to be a year with a few surprises—and some costly mistakes to avoid.
...In today's blog post, I've got something special for you -- a YouTube video where I'm sitting down with Michael Sullivan, who's not just any tax expert. He's a former IRS agent, teaching instructor, tax expert, and news contributor on sites like Newsmax, Fox News, ABC, just to name a few.
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Could the 2024 presidential election completely wreck your taxes? The stakes couldn't be higher, and the consequences could be even bigger. Whether you're rooting for Kamala Harris or Donald Trump, their tax plans are set to make waves that could seriously shake up your finances. We're talking...
Last week, I had the opportunity to attend the IRS Tax Forum in Chicago, Illinois. Although it wasn't initially on my agenda, the event was right in my backyard, so I decided to seize the chance. It was my first time attending, and I found it to be quite enlightening.
One of the highlights was...
Last week, I had the chance to attend the IRS Tax Forum in my hometown of Chicago, Illinois. It was my first time attending such an event, and I found it incredibly enlightening. The forum was a three-day event packed with informative seminars throughout the day, featuring many top IRS...
Summer Tax Hacks: How Parents Can Save Big on Summer Camp Expenses
Summer is here, and if you have kids, they’re probably enrolled in summer camp. Did you know that these expenses may be deductible on your taxes? Today, I’ve got a hot tip that might just make your summer a little...
Understanding IRS Audit Rates and Top Triggers for an Audit
The recent influx of new funding for the IRS is poised to increase audit rates. Currently, the IRS audit rate stands at under 1%. While this might sound reassuring, it’s important to understand the potential costs associated with...
Introduction: 2024 Tax Season Wrap Up
Tax season has finally wrapped up and I can finally relax a bit. This was my ninth tax season working for myself, and I have to say it was the most successful tax season to date. This is in terms of the amount of money I made and that it was mostly...
Tax season just ended and one of the number one questions that I've been getting is with people who end up owing the IRS when they get the results of their tax return back.
And the reason they owe is because they haven't withheld enough Federal withholding taxes from their employer. In other...
So you have a side hustle and you're probably confused about how to pay taxes on your side hustle income.
Am I right?
Navigating the tax landscape with a side hustle can be confusing, but you've come to the right place! This is a three-part series aimed at simplifying the tax puzzle for your...
So you have a side hustle and you're probably confused about how to pay taxes on your side hustle income.
Am I right?
Navigating the tax landscape with a side hustle can be confusing, but you've come to the right place! This is a three-part series aimed at simplifying the tax puzzle for...
