Introduction Trump’s 2025 tax proposal aims to cut individual and corporate taxes, expand deductions, and boost the economy. But with these tax cuts comes a pressing question: What happens...
Introduction While Trump’s 2025 tax proposal is largely focused on cutting income taxes and boosting business incentives, it also includes controversial cost-saving measures particularly in federal entitlement programs like...
Introduction Are you a non-U.S. resident running a Shopify store with U.S. customers? If so, sales tax in 2025 is one of the most misunderstood and most overlooked obligations...
Introduction Launching your first eBay store can feel daunting – but with the right tax and compliance roadmap, you’ll be set up for success. This guide walks new eBay...
If you are self-employed and earned income without receiving a Form 1099, you are still legally required to report it to the IRS. All income is taxable, whether or...
(Tax Year 2024 – Filed in 2025) Overview If you’re a W-2 employee, your taxes are withheld directly from your paycheck, but that doesn’t mean you’re stuck paying more...
(Tax Year 2024 – Filed in 2025) Overview If you’re a W-2 employee with qualifying children, you may be eligible to claim the Child Tax Credit (CTC) a powerful...
Introduction The standard deduction is a set amount that reduces your taxable income, lowering your overall tax bill. Under IRC § 63(c), taxpayers can claim this deduction without itemizing...
Introduction Contributing to a retirement account not only secures your future but also provides tax deductions that lower your Adjusted Gross Income (AGI). Under IRC § 219, contributions to...
Introduction If you paid foreign taxes on income earned outside the U.S., you may be eligible for the Foreign Tax Credit (FTC), which helps avoid double taxation. Under IRC...