How Do Pretax Vision and Dental Deductions Work?
Explore how pretax vision and dental deductions impact your taxable income and coordinate with FSAs and HSAs for optimal tax benefits.
Investment and Financial Markets
Are Long-Term Disability Payments Taxable?
Understand the tax implications of long-term disability payments based on how your coverage is funded.
Can You 1031 Exchange a Second Home?
Explore the nuances of using a 1031 exchange for second homes, including key rules, timing, and tax implications.
Can You Claim the Standard Sales Tax Deduction?
Learn how to determine eligibility and calculate the standard sales tax deduction for your tax return, including tips on recordkeeping and filing.
What Does Total Cash and/or Loan Amount Paid With the Trade-In Mean?
Understand the implications of trade-in values, loan balances, and financing terms on your total cash or loan amount in vehicle transactions.
Can I Claim My Partner as a Dependent on My Tax Return?
Discover the criteria for claiming your partner as a dependent on your tax return, including relationship, financial, and residency requirements.
How to Find Your Arkansas Capital Loss Carryover
Learn how to accurately determine your Arkansas capital loss carryover by navigating state tax forms and prior returns for optimal tax planning.
What Time of Day Does the IRS Update Refund Status?
Discover when the IRS updates refund statuses, how filing methods affect timing, and tips for checking your refund status efficiently.
Is Lot Rent on a Mobile Home Tax Deductible in California?
Explore the nuances of tax deductions for mobile home lot rent in California, including key factors and essential recordkeeping practices.
Does Square Report to the IRS for Payment Processing?
Explore how Square’s payment processing interacts with IRS reporting requirements, including thresholds, 1099-K forms, and tax implications.
Do Day Traders Pay Self-Employment Tax on Their Earnings?
Explore how day traders navigate self-employment tax obligations, including qualifications, reporting, and deductible expenses.
1040 vs W4: Key Differences and How They Apply to Employees
Understand the distinct roles of 1040 and W4 forms in tax filing and income withholding for employees.
Amended Return Statute of Limitations: What You Need to Know
Understand the key aspects of amended return time limits, refund eligibility, and IRS review to ensure compliance and optimize your tax strategy.
Is Professional Liability Insurance Tax Deductible for Your Business?
Explore the nuances of deducting professional liability insurance premiums and understand the criteria for business expense deductions.
What Triggers an Underpayment Penalty in California?
Learn about the factors that lead to underpayment penalties in California and understand the calculation and consequences involved.
What You Need to Know About Arizona Form 321 for Charitable Tax Credits
Learn how Arizona Form 321 can help you maximize your charitable tax credits and ensure compliance with state tax regulations.
Does Illinois Have Sales Tax? What You Need to Know
Explore the essentials of Illinois sales tax, including rates, local variations, taxable categories, exemptions, and remote sales implications.
Box 20 Code Z Has Been Selected but No Section 199A Income Entered: What It Means
Understand the implications of selecting Box 20 Code Z without Section 199A income and learn how to correct this common tax reporting error.
How Do I File Form 502SU for Tax Credits and Subtractions?
Learn how to accurately file Form 502SU for tax credits and subtractions, including key steps and common errors to avoid.
What Happens if a Beneficiary Refuses to Give Their Social Security Number?
Explore the implications and procedures when a beneficiary withholds their SSN in estate or trust distributions, affecting tax reporting and disbursements.