The Home Office Deduction Explained
Who can claim the home office deduction, the regular and exclusive use rule, and how the simplified method works (5 dollars per square foot, up to 1,…
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These articles are written by our team and by IRS registered tax preparers on the platform, covering filing, deductions, credits, small business taxes, and more. They are educational and are not a substitute for personalized advice. When an article is by a preparer, you can open their profile to read reviews, subscribe to their articles, or reach out directly.
How to Choose the Right Tax Preparer
CPA, enrolled agent, or annual filing season preparer? Learn what the credentials mean, who can represent you before the IRS, and what to ask before …
Read article arrow_forwardEstimated Quarterly Taxes: Who Pays and How
Freelancers, gig workers, and investors often have to pay tax in quarterly installments. Here is who must pay estimated taxes, the safe-harbor rule, …
Read article arrow_forwardMulti-State Taxes for Travel Nurses: A Comprehensive Guide
An essential guide to multi-state tax filing for travel nurses and healthcare professionals. Learn about tax home, stipends, and how to avoid double …
Read article arrow_forward2025 Year-End Tax Moves to Preserve Your Wealth
Before closing your books for 2025, take these tax-smart moves to reduce liability: deductions, Roth conversions, loss harvesting, and more.
Read article arrow_forwardStandard Deduction vs. Itemizing: Which Should You Choose?
A plain-English guide to choosing between the standard deduction and itemizing, with the 2025 standard deduction amounts and the bunching strategy.
Read article arrow_forwardIs Renting Better than Buying a Home in 2024?
Learn about mortgage interest deductions, property tax deductions, home equity loan interest, home sale exclusions, and energy efficient upgrades to …
Read article arrow_forwardHow to Optimize Charitable Contributions for Tax Benefits
Charitable giving not only provides critical support to organizations and causes you care about, but it can also offer tax advantages. Learn more abo…
Read article arrow_forwardNew “No Tax on Tips” Rule in 2025: What You Need to Know
In 2025, a new tax law lets eligible workers deduct up to $25,000 in tips from taxable income. Learn who qualifies, limits, and key details.
Read article arrow_forwardThe Importance of Tax-Efficient Investing
In the world of investing, it's not just about the returns you make, but also about the returns you get to keep. It's also about how you invest, not …
Read article arrow_forwardWhen to Convert a Single-Member LLC to a S Corporation for Tax Savings
A Comprehensive Guide: How Income and Business Complexity Affect Your Decision to Switch to a S Corporation.
Read article arrow_forwardDifferent Tax Preparer Credentials
Each of These Tax Preparer Credentials Serves a Unique Purpose and Is Registered With the IRS.
Read article arrow_forwardIRS Tax Terminology for Individuals
Decrypting the IRS's tax language: Here are the tax return terms everyone should know.
Read article arrow_forward1099 vs. W-2: What the Difference Means for Your Taxes
The real tax differences between W-2 employees and 1099 contractors, including withholding, self-employment tax, quarterly payments, and deductions.
Read article arrow_forwardCapital Gains Tax When You Sell Your Home
How the home sale exclusion lets many sellers avoid tax on up to 250,000 or 500,000 dollars of gain, the ownership and use tests, and when gain is st…
Read article arrow_forwardHow to Check Your IRS Refund Status
How to track your federal tax refund with the IRS Where is My Refund tool, when to expect it, and why some refunds are held until mid-February.
Read article arrow_forwardThe Child Tax Credit: Who Qualifies and How Much
The Child Tax Credit for 2025, including the new credit amount, the refundable portion, income phaseouts, and the rules a child must meet to qualify.
Read article arrow_forwardWhich Do I Need: W-8BEN, W-8BEN-E, or W-9?
Contractors, vendors, freelancers, and other companies conducting business with an entity in the U.S. need one of the 3: W-8BEN, W-8BEN-E, or W-9. Le…
Read article arrow_forwardCan't Pay Your Taxes? IRS Payment Plan Options
If you owe more than you can pay, the IRS offers short-term and long-term payment plans. Here is how they work, what they cost, and why you should st…
Read article arrow_forwardQuestions to Ask Your Tax Accountant
Bringing up the right questions to your tax accountant helps you understand your situation better, and potentially might help you save on taxes.
Read article arrow_forwardWhat Triggers an IRS Audit and What to Do
Audits are rare. Here are the things that commonly draw IRS attention, how to lower your risk with good records, and what to do if you receive a noti…
Read article arrow_forwardUnderstanding Your W-4 and Tax Withholding
How tax withholding works, how to fill out Form W-4 so you do not owe a surprise bill or give the IRS an interest-free loan, and when to update it.
Read article arrow_forwardHow to Owe Less Tax on Crypto Gains
Cryptocurrency is a digital asset, so when taxes are owed, they are either ordinary income or capital gains
Read article arrow_forwardTax Filing Deadlines and How to File an Extension
When taxes are due, how to get an automatic six-month extension with Form 4868, and the one rule people miss: an extension to file is not an extensio…
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