Do You Pay Taxes When You Sell Your House?
Buying and selling a house is a momentous occasion in a person’s life. Unfortunately, not everyone will experience such an occasion. It’s a big step going through the process of
Claiming Medical Expenses As A Tax Deduction
Many of us make new year resolutions to take better care of our health. But considering the high prices of food and everything else these days, medical costs are not
Electric Vehicle Tax Credit For Businesses
Many small business owners are seeking ways to embrace more sustainable operations. And if they can lower their tax bill simultaneously, that’s a win-win. And that’s exactly what the recently
2024 Small Business Loan Forgiveness Deadline
The Small Business Administration is providing a loan forgiveness deadline for Disaster Loan (EIDL) and Paycheck Protection Program (PPP) loans. The forgiveness applies to loans under $100,000 in an effort
What Is IRS Form 8995, Qualified Business Income Deduction?
For small business owners, your 20% savings is just one form away. Qualifying small business owners who complete IRS tax Form 8995 can claim the qualified business income deduction (QBID).
Ways To Incorporate Your Business In The USA
Whether you’ve had a business for a while or thinking about starting one, it’s a good idea to make it official. Regardless the reason, there are several ways to incorporate
Meals and Entertainment Deductions In 2024
It can be a bit confusing when it comes to writing off meals and entertainment deductions for your small business in 2024. Getting acquainted with what used to be 100
2024 Deadlines For Corporate Taxes
What are the deadlines for filing 2024 corporate taxes? Are you a seasoned tax pro? Or just incorporated and are filing your company’s taxes for the first time? Regardless which
Is Preschool Tuition Tax Deductible?
As drive teary-eyed your child to preschool to school for the first time, you might also be wondering if the preschool tuition is tax deductible. After all, these days, a
Do I Have To Pay Taxes On Gifts?
Yeah! My big brother gave me a super nice check! Is it just enough for dinner, or something more considerable? Either way, do I have to pay taxes on things
