Introduction The middle class is often the focal point of federal tax reform and Trump’s 2025 tax bill is no exception. Designed to offer relief through lower income tax...
(Tax Year 2024 – Filed in 2025) Overview If you’re a W-2 employee, your taxes are automatically withheld by your employer. While you don’t have as many write-offs as...
Introduction Tax credits help reduce your tax liability, but not all tax credits work the same way. There are two types of credits: Â Refundable tax credits can reduce your...
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 Welcoming a newborn into your family comes with financial responsibilities, but it also provides valuable tax benefits. Parents can claim their newborn as a dependent, reducing their taxable...