Introduction Print-on-Demand (POD) on Amazon is booming in 2025. But skipping business registration can cost you: blocked accounts, denied tax deductions, and missed chances to scale. Proven Tip: Register...
Introduction Freelancers and self-employed individuals must report all business income to the IRS and are responsible for paying self-employment tax. Unlike traditional employees, they do not have taxes withheld...
Introduction Pension and annuity payments provide retirement income, but their taxation depends on how the contributions were made—whether pre-tax or after-tax dollars were used. This guide explains when pension...
Introduction Individual Retirement Accounts (IRAs) allow individuals to save for retirement with tax benefits. However, when funds are withdrawn, different tax rules apply based on account type (Traditional or...
Introduction Dividend income is a distribution of corporate profits to shareholders. The IRS categorizes dividends as ordinary or qualified, each subject to different tax rates. This guide explains how...
Introduction Dividends are payments made by corporations to shareholders as a return on investment. The IRS categorizes dividends into ordinary dividends and qualified dividends, which are taxed at different...
Introduction Interest earned on a savings account or certificate of deposit (CD) is considered taxable income and must be reported to the IRS. Banks and credit unions issue Form...
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...
Introduction Dependent care benefits help working parents and caregivers pay for childcare and dependent care services. Many employers offer Flexible Spending Accounts (FSAs) or direct reimbursements for dependent care...
Introduction Medicaid waiver payments are made to caregivers providing home and community-based services (HCBS) for individuals with disabilities or medical conditions. However, the tax treatment of these payments depends...