The IRS is encouraging taxpayers to make sure they’re well-informed about their tax situation as the filing deadline approaches. The key topics include special steps related to charitable contributions, economic impact payments and advance child tax credit payments. Here are some key items for taxpayers to know before they file next year. Changes to the […]
Home Office: Only Self-Employed Workers Qualify for Home Office Deductions TAX FACTS: To take a home office deduction, you must be self-employed and the home office must be used exclusively and regularly for your business and be your principal place of business, with few exceptions. If you receive a W-2 from your employer, you do […]
There’s a lot to think about when selling a home – and one thing should be taxes. The buying and selling a home could be one of the largest transactions of your life, and as with any financial transaction, there’s a tax angle. If you know what your tax implication are as you go into […]
