This blog series is here to bring you up-to-date tax tips, news, and how to find the best online income tax services.
Tax Deductions and Credits
13 Proven Mileage Tax Deduction Tips
Don’t miss out on tax breaks you may need for your vehicle. The mileage tax deduction rate is one of the tools used to help reduce the tax burden when your vehicle is used for business purposes.
This IRS mileage deduction is especially important for tax payers such as independent contractors and entrepreneurs.
Is Your Side-Hustle a Hobby or Business for Taxes?
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!
What Are Tax Exemptions? Everything You Need to Know
You may be wondering, 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.
