Introduction Shopify POS is now used by over 100,000 retail sellers, from boutique stores to farmers’ markets. But many don’t realize they’re responsible for collecting, filing, and remitting sales...
(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...
(Tax Year 2024 – Filed in 2025) Overview Form W-2 is issued by employers to report annual wages and the amount of taxes withheld from an employee’s paycheck. It’s...
(Tax Year 2024 – Filed in 2025) Overview Yes, you can file your taxes without a W-2—but only under specific conditions. If your employer failed to provide Form W-2...
Introduction Real estate agents operate as independent contractors or self-employed professionals, making tax planning crucial for maximizing deductions and reducing taxable income. Since agents often incur significant business expenses,...
Introduction The IRS Free File Program allows eligible taxpayers to file their federal tax returns for free using IRS-approved tax software. For 2025, the IRS has expanded eligibility and...
Introduction The IRS standard deduction is a key tax benefit that reduces taxable income, lowering the amount of taxes owed. Each year, the IRS adjusts the standard deduction to...
Introduction Self-employed individuals face unique tax obligations, including self-employment tax, estimated quarterly payments, and business deductions. The new tax laws for 2025 bring several changes that impact freelancers, gig...
Introduction The IRS has introduced stricter reporting requirements for side hustle income in 2025, affecting freelancers, gig workers, and independent contractors. With the expansion of third-party payment reporting and...
Introduction The IRS adjusts tax brackets annually to account for inflation and economic changes. For the 2025 tax year, the tax brackets have been updated to reflect cost-of-living adjustments....