4 Benefits to Filing Taxes Early
There’s nothing wrong with filing taxes early. In fact, getting a head start on federal tax filing may be more beneficial than most people realize. Officially, it doesn’t matter how early taxpayers...
View ArticleHow to Calculate the Self-Employment Tax
Updated for tax year 2022. No matter what self-employment looks like for you, you’re responsible for ensuring the taxes on your net earnings are paid to the Internal Revenue Service (IRS). And the...
View ArticleAre Political Contributions Tax Deductible?
Updated for tax year 2022. Campaign contributions total hundreds of millions of dollars, and they continue to rise. With this level of fundraising, one question is sure to come to mind: Are political...
View ArticleLottery Tax Calculator: How Your Winnings Are Taxed
No doubt about it, winning the lottery dramatically changes a person’s life. A financial windfall of that magnitude quickly grants you a level of financial freedom you probably have trouble imagining....
View ArticleWhen is Interest Expense Deductible?
The Internal Revenue Service (IRS) allows you to deduct several different types of interest expense, including home mortgage interest and interest related to the production of income. But, it does not...
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