A few weeks after filing, the national pastime begins: refreshing ‘Where’s My Refund?’ Most refunds are fast and boring; the ones that stall usually trip one of a handful of well-known wires. US taxes are a game of forms, deadlines and deductions that most people play once a year with incomplete information. A little understanding … Read more
The same $70,000 can be taxed very differently depending on whether it arrives as W-2 wages or 1099 freelance income. New freelancers who miss this distinction tend to meet it later as an April surprise with penalties attached. US taxes are a game of forms, deadlines and deductions that most people play once a year … Read more
The tax code’s most-missed breaks are not exotic loopholes. They are ordinary provisions that people simply do not know apply to them — and each one left unclaimed is a voluntary donation. US taxes are a game of forms, deadlines and deductions that most people play once a year with incomplete information. A little understanding … Read more
Software keeps getting smarter and CPAs keep getting more expensive, so the crossover point moves every year. The right answer depends less on price than on what is actually in your financial life. US taxes are a game of forms, deadlines and deductions that most people play once a year with incomplete information. A little … Read more
Roughly nine in ten US taxpayers take the standard deduction — but the one in ten who itemize are not random. Knowing which side of the line you fall on is the first real decision of every tax season. US taxes are a game of forms, deadlines and deductions that most people play once a … Read more
