(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 tax...
Introduction If you earn money from a side hustle, gig economy job, or freelance work, the IRS considers it taxable income. Many gig workers mistakenly assume that small side...
Introduction If you received income reported on a Form 1099 and failed to include it on your tax return, the IRS will likely detect the omission and may issue...
Introduction Earned income includes wages, salaries, and self-employment earnings, but some income sources don’t fit neatly into those categories. These are classified as “Other Earned Income”, which must still...