The Next Estimated Tax Deadline is September 16: Do You Have to Make a Payment?
The third estimated tax payment deadline is coming up. Here are the details of when it is and whether you’re required to make a payment.
The Tax Implications of Being a Winner
If you’re fortunate enough to hit a sizable jackpot in the lottery or while gambling, there are tax implications. Here’s a rundown of the basics.
The “Kiddie Tax” Hurts Families More Than Ever
If your child or grandchild has unearned income from dividends, interest and capital gains, beware of the “kiddie tax.” Your family may be hit even harder by the tax under current law.
The “Nanny Tax” Must be Paid for More Than Just Nannies
In 2019, if you pay a household worker cash wages of $2,100, you must withhold and pay Social Security and Medicare taxes. Learn about this and other tax obligations for household workers.
Volunteering for Charity: Do You Get a Tax Break?
Do you spend time volunteering for charity? While you can’t deduct the value of your time, you may be able to deduct some of the out-of-pocket costs. Here are the rules.
Selling Your Home? Consider These Tax Implications.
Are you selling your principal residence? You may be able to exclude up to $250,000 ($500,000 for married joint filers) of gain. Here are the tax rules for home sales.
3 Questions You May Have After Filing Your Tax Return
After filing a tax return, you may have questions…
Vehicle-expense Deduction for Individual Taxpayers
Rather than keeping track of your actual vehicle-related expenses, you can use a standard mileage rate to compute related tax deductions. But when are individual taxpayers eligible to deduct vehicle-related expenses
Beware the Ides of March – If You Own a Pass-through Entity
Friends, Romans and countrymen, lend me your ears: All ye who must file a partnership or S corporation tax return, watch out for this tax deadline.
Some Deductions May Be Smaller When You File Your Tax Return!
Lower tax rates might help reduce your 2018 tax bill, but new limits on many deductions could offset the benefits of lower rates. For example, five itemized deductions have shrunk or disappeared.