Filing Taxes

Facts on Taxes Filing Taxes Personal Taxes Tax Deductions Taxes

What Medical Expenses Are Tax Deductible?

Medical expenses can add up quickly and be a significant financial burden for many individuals and families. However, there is some good news for those who itemize their deductions on their taxes. The Internal Revenue Service (IRS) allows taxpayers to…

Matthew RusselJuly 15, 2024

Facts on Taxes Federal Income Tax Filing Taxes Self Employed Taxes Self-Employment Taxes Tax Deductions Taxes

Common Tax Mistakes Made By Self-Employed Individuals And How To Avoid

As a self-employed individual, navigating the world of taxes can be a daunting task. From keeping accurate records to understanding tax deductions, there are many challenges that come with being your own boss. One of the biggest challenges is staying…

Matthew RusselJuly 15, 2024

Corporate Business Taxes & Laws Facts on Taxes Federal Income Tax Filing Taxes Taxes

The Tax Benefits Of Forming An LLC

An LLC, or limited liability company, is a popular business structure that offers a range of tax benefits to its owners. These benefits include pass-through taxation, self-employment tax savings, flexibility in allocating income and losses, and personal asset protection. In…

Matthew RusselJuly 15, 2024

Facts on Taxes Filing Taxes Self Employed Taxes Self-Employment Taxes Tax Deductions Taxes

Top Tax Planning Tips For Freelancers

As a freelancer, you wear many hats: you're the CEO, the accountant, and the marketing team all rolled into one. While this independence can be incredibly rewarding, it also means that it's up to you to take care of all…

Matthew RusselJuly 15, 2024

Capital Gains Tax Corporate Business Taxes & Laws Facts on Taxes Federal Income Tax Filing Taxes Self Employed Taxes Self-Employment Taxes Tax Deductions Taxes

Top Tax Deductions For Small Business

Small businesses are the backbone of the economy, and they are often the first to be hit by economic recessions. One way to save money and stay afloat during tough times is by taking advantage of tax deductions. Tax deductions…

Matthew RusselJuly 15, 2024

Facts on Taxes Federal Income Tax Filing Taxes Taxes

Do You Have To Pay Canadian Tax On US Income?

Are you a Canadian resident with income from the United States? If so, you may be wondering if you are required to pay Canadian tax on that income. The answer is not always clear cut as it depends on a…

Matthew RusselJuly 15, 2024

Facts on Taxes Filing Taxes Taxes

When Does Someone Under 18 Have To File Their Taxes?

Are you the parent of a minor or a teenager curious about their tax filing obligations? Knowing when someone under the age of 18 is required to file taxes is crucial, as failure to do so can result in penalties…

Matthew RusselJuly 15, 2024

Facts on Taxes Federal Income Tax Filing Taxes Sales Tax Taxes

Why Do People Say That Half Your Salary Goes To Taxes?

You've probably heard the common statement that "half your salary goes to taxes." But is this really true? The truth is, the amount of taxes an individual pays depends on a variety of factors, including their income, deductions, and credits.…

Matthew RusselJuly 15, 2024

Filing Taxes

What Medical Expenses Are Tax Deductible?

Common Tax Mistakes Made By Self-Employed Individuals And How To Avoid

The Tax Benefits Of Forming An LLC

Top Tax Deductions For Small Business

Do You Have To Pay Canadian Tax On US Income?

When Does Someone Under 18 Have To File Their Taxes?

Why Do People Say That Half Your Salary Goes To Taxes?

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