Introduction If you are self-employed, an independent contractor, or earn non-W-2 income, you may be required to make estimated tax payments throughout the year. Under IRC § 6654, the...
Introduction Many taxpayers miss out on valuable tax deductions that can significantly lower their taxable income and increase their refund. Under various sections of the Internal Revenue Code (IRC),...
Introduction When filing your tax return, you must choose between the standard deduction and itemized deductions to reduce your taxable income. Under IRC § 63, taxpayers can either:  Take...
Introduction Many taxpayers wonder if they can file their taxes for free without paying for expensive software or hiring a tax professional. Fortunately, the IRS and several tax software...
Introduction Filing taxes can be overwhelming, but having the right tax documents ready can make the process smooth and stress-free. Whether you’re an employee, self-employed, or a business owner,...
Introduction Each year, the IRS updates tax laws to account for inflation and economic conditions. For 2025, several key changes impact individual taxpayers, businesses, and investors. Understanding these updates...