Tagged: irs

5 Tax Deductions for Self-Employed Freelancers & Small Business Owners

There are lots of expenses associated with the start-up and day-to-day operations of a business. Fortunately, many of these expenses are deductible, lowering the owner’s income tax and self-employment tax. Here are five deductions that can benefit small-business owners and self-employed taxpayers.

5 Tax Deductions for Self-Employed Freelancers & Small Business Owners is a post from Money Crashers.

Does Paying Taxes Late Affect Credit?

NOTE: Due to the COVID-19 coronavirus pandemic, the IRS has extended the federal tax filing and payment deadline to July 15, 2020. The recent relief package passed by Congress may have additional tax implications. Please contact a tax adviser for information you may need to complete your taxes this year. Learn more. It’s a good… Read More

The post Does Paying Taxes Late Affect Credit? appeared first on Credit.com.

Are Social Security Disability Benefits Taxable?

Social Security benefits, including disability benefits, can help provide a supplemental source of income to people who are eligible to receive them. If you’re receiving disability benefits from Social Security, you might be wondering whether you’ll owe taxes on the … Continue reading →

The post Are Social Security Disability Benefits Taxable? appeared first on SmartAsset Blog.

Student Loans vs. Financial Aid

As of early 2020, student loan debt in the nation had reached more than $1.5 trillion. More than 44 million individuals have student loan debt, and the average person with student loans owes a bit over $32,000—which is more than half of the average household income in the United States. As a new school year… Read More

The post Student Loans vs. Financial Aid appeared first on Credit.com.

7 Best Gold IRA Companies of 2021

Ever since the Financial Crisis of 2008, gold has become an increasingly popular investment choice. Many people see gold as safer than investing in the stock market, and it can be a good way to…

The post 7 Best Gold IRA Companies of 2021 appeared first on Crediful.

8 Ways You Could Get Stimulus Money With Your 2020 Tax Refund

If your coronavirus checks are long gone, you could have more stimulus money coming your way, even if Congress doesn’t do another thing. And if you didn’t qualify for a check based on your past tax return, you could get stimulus money if you file a tax return for 2020 that shows you’re eligible. Here’s […]

This was originally published on The Penny Hoarder, which helps millions of readers worldwide earn and save money by sharing unique job opportunities, personal stories, freebies and more. The Inc. 5000 ranked The Penny Hoarder as the fastest-growing private media company in the U.S. in 2017.

3 Tax Scams You Need to Watch Out For

According to the Internal Revenue Service (IRS), there was a 400% increase in phishing and malware incidents during the 2016 tax season. And tax scams extend far beyond email and malware to include phone scams, identity theft and more.  While the April 15 filing deadline still feels far away, as Yogi Berra said, “It ain’t… Read More

The post 3 Tax Scams You Need to Watch Out For appeared first on Credit.com.

A Guide to Schedule K-1 (Form 1041)

Inheriting property or other assets typically involves filing the appropriate tax forms with the IRS. Schedule K-1 (Form 1041) is used to report a beneficiary’s share of an estate or trust, including income as well as credits, deductions and profits. … Continue reading →

The post A Guide to Schedule K-1 (Form 1041) appeared first on SmartAsset Blog.