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Income and Investments

How to save money for millennials. Cash money saving tips. #moneytips

5 Money Saving Tips for Millennials

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Millennials and Money Series: Millennials Savings and Money Habits to Start Today

Millennials are a unique generation to have grown up with technology nearly every step of the way. Not only that, Millennials were conditioned to go to college and get a degree. Times have changed and educated Millennials are struggling to find high enough wages to help pay for the high cost of education.

That being said, having grown up with technology it has allowed for many ways to save money and generate extra revenue. This article I will go into detail several ways Millennials can save money and squeeze every dollar out of their budget. Read More

Guide to Social Security Benefits

Do You Have to Pay Taxes on Social Security Benefits?

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Question of the Week: Should I file a Tax Return If I Receive Social Security Benefits?

 

Many people who receive Social Security benefits always wonder if their benefit is taxable and if they should file a tax return. To help answer this question, let’s first determine what Social Security benefits are.

 

Social Security benefits including the following below and may be taxable:

  • monthly retirement
  • survivor
  • disability benefits

 

Around tax season, you will receive Form SSA-1099, which will report the total benefits. Read More

Claiming tips on tax return.

When and How to Claim Tips on Your Tax Return

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Did you know that all tips received are income and subject to federal income tax?

This includes tips:

  • Received directly
  • Charged tips paid by employer
  • Shared tips received under a tip splitting or tip pooling arrangement
  • The value of non-cash tips, such as tickets, passes, or other items

Read More

Do I have to pay taxes on my hobby?

Is Your Side-Hustle a Hobby or Business for Taxes?

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Have you started your side-hustle or thinking about starting one? If so, it’s time to determine how to turn your side-hustle from hobby to business.

Whether you’re an online influencer, travel blogger, artist or musician, you need to know your status and if the IRS recognizes your hobby as a business. This is important in determining if you need to file taxes.

So, let me explain the difference to you!

Read More

The Virtual Tax Service Pro is Here!

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Welcome to The Handy Tax Guy Blog!

This blog series is here to bring you up to date tax tips, exciting tax breaking news, and answers to your tax preparation questions you’ve always wanted to know. The mission of The Handy Tax Guy is to provide you with an honest, secure, educational, and efficient tax preparation experience through the help of our friendly and knowledgeable Advisors. Read More

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