How the 2025 Social Security Adjustments Will Impact Your Wallet
As we step into 2025, millions of Americans are set to experience a notable change in their Social Security benefits. The Social Security...
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Oct 144 min read
IRS Penalties: What Triggers Them and How to Avoid or Reduce Them
Tax season can be stressful, especially if you're worried about penalties. Whether you're an individual or a small business owner, IRS...
Jul 273 min read
Special Tax Deduction for Self-Employed Health Insurance
In the labyrinth of tax regulations, the self-employed health insurance deduction stands out as a beacon of relief for self-employed...
Jun 156 min read
Strategies to Prevent Costly Penalties from Underpaying Estimated Taxes
Underpayment penalties are a common concern for taxpayers, and many are unaware of how substantial they can be. These penalties are...
Mar 204 min read
Can’t Pay Your Taxes? Here Are Some Options
About 3 out of 4 American taxpayers receive a refund each year when they file their income tax returns, but there are those who for one...
Feb 25 min read
Tax Documents Coming Your Way
To ensure individuals properly report all their income, the IRS has an ever-expanding series of information-reporting forms used to...
Jan 196 min read
Major Tax Sunset on the Horizon
Back in late 2017 Congress passed the Tax Cuts & Jobs Act of 2017 (TCJA) that made enormous changes to income tax laws as outlined below....
Jan 131 min read
Indiana Income Tax Rate Change
As published by the Tax Foundation, thirty-four states will ring in the new year with tax changes, including Indiana. They noted that...
Jul 20, 20224 min read
You May Receive an IRS Form 1099-K This Year
The IRS Tax law, since 2011, has required third-party settlement organizations such as Venmo, PayPal, CashApp, and Ebay to report...
Sep 27, 202110 min read
Proposed Tax Changes for Higher Income Individuals
The House Ways and Means Committee has released an extensive list of proposed tax changes that impact individual, retirement,...
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