• info@handytaxguy.com

Tax Planning

How to claim a dependent on your taxes.

How to Claim Your Dependent Relative

The Handy Tax Guy No Comments

Many people are curious as to who qualifies as a dependent on a tax return. I get questions like:

  • Can I claim my college students?
  • Is a spouse a dependent?
  • Can I claim my girlfriend on my taxes?

These are just a few of the must common questions asked. On today’s article I will explain who qualifies as a dependent on your taxes this year.

Read More

Do I have to pay taxes on my hobby?

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

The Handy Tax Guy No Comments

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

when to file a tax return

Do I Need to File a Tax Return?

The Handy Tax Guy No Comments

As the new tax season approaches, it is good to know what your filing status will be and if you even need to file taxes. How do you determine if you need to file a tax return? I’ll answer that question for your in today’s article. I’ll also breakdown moments when you’re not required to file a tax return.

Read More

Understanding tax exemptions

Tax Exemptions – Everything You Need to Know for 2018

The Handy Tax Guy No Comments

What are Tax Exemptions?

Tax exemption is a monetary amount given to help reduce your taxable income. Usually, you can deduct a specific amount for each exemption claimed for that particular tax year.

There are 2 types of exemptions you can deduct:

  • Personal exemptions for you and your spouse
  • Exemptions for dependents known as dependency exemptions

Read More

What is the best filing status for taxes?

How to Choose the Best Filing Status

The Handy Tax Guy No Comments

What Filing Status Should I Use?

It is very important to select the correct filing status when filing your individual tax return. Many tax credits, deductions, and the amount of taxes paid are dependent upon the filing status selected. At times, more than one filing status may apply to you. In this case you should work with your tax advisor to figure out which status is best for you.

The 5 Filing Statuses:

  • Single
  • Married Filing Jointly
  • Married Filing Separately
  • Head of Household
  • Qualifying Widow(er) with dependent child

Read More

Search The Handy Tax Guy

About Me

The Handy Tax Guy Blog

Hi There!

My name is Handy (pronounced “Andy”) and I’m the owner of The Handy Tax Guy. I believe in using money as a tool to create a life of financial success and I’d like to show you how. Learn from my successes (and failures) to help grow your income and achieve financial freedom. Read my comeback story here.

Grab Your Tax Preparation Checklist, FOR FREE!

Tax Checklist Deductions

Take Your Side-Hustle to the Next Level and Start Your Own Blog Today!

Conquer Your Taxes and Get Your Own Copy Today!

Tax Planning Tips and Guide for ipad on table. #taxes #taxplanning

Ready To Get Started?

I can serve you from anywhere you want to be. Let's start here with free resources!