As a taxpayer, it’s important to understand the importance of reporting all of your income to the IRS. The IRS requires that all income, regardless of how it was earned,
When it comes to filing your taxes, you have a few options: you can do it yourself, use tax software, or hire a tax professional. Each option has its own
When it comes to tax documents, it’s important to know how long you should keep them. The general rule of thumb is to keep records for three years from the
One of the most common questions taxpayers have is, “When can I expect my tax refund?” The answer is that it depends on when and how you filed your tax
As a college student, you may be wondering if you need to file taxes. The answer is that it depends on your income and filing status. If you’re single and
Do you need to report income from your side hustle?
With the rise of the gig economy, more and more people are turning to side hustles to supplement their income. Whether it’s driving for Uber, delivering food for DoorDash, or
Nontaxable income refers to any type of income that is not subject to federal income taxes. This can include a variety of different sources, and it’s important to understand which
Taxable income is a crucial concept to understand when it comes to preparing and filing your taxes. It refers to any type of income that is subject to taxation by
Tax credits are a valuable tool for reducing your tax liability and keeping more money in your pocket. They are different from deductions, which reduce the amount of income that
Nonrefundable tax credits are a valuable tool for reducing your tax liability, but unlike refundable tax credits, these credits can only be used to offset the amount of taxes you
