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I Do a Little Work on the Side - Do I Need to Include That in My Return?

Side work helps a lot of people make ends meet. For a decent portion of taxpayers, it is the only way they can pay all the bills, enjoy some leisure ...

Should I File My Own Taxes as a College Student?

When someone turns 18, they are presented with many new opportunities—including high school graduation, the first year of college, studying, and ne...

What Is the Standard Deduction?

Paying taxes has never been easy. It seems like a growing number of us work hard and long hours just to get by. Thankfully, the IRS does provide some...

Taking Early Withdrawals from Retirement: How Will it Affect My Taxes?

We all look forward to the day when we can retire from our career and finally start to enjoy life without worrying about work. Retirement accounts ar...

What is the “Pass-Through” Status?

The “pass-through” status is a relatively new term to taxpayers and tax professionals alike. The new pass-through exception was created by the Ta...

Can Small Business Owners Still Deduct Meals and Entertainment?

It has never been easy to make it as a small business. Taxes are one of many concerns for small business owners and freelancers who have relied on bu...

Is Alimony No Longer Deductible?

When it comes to divorce, there is a type of spousal support known as alimony. Alimony is different from child support and the IRS treats the two sep...

How Do I Determine My Filing Status?

In the tax world, your filing status means everything. It determines your tax rates as well as which standard deduction you can claim. Most of the...

I Care for My Sick Mother - Is She Considered a Dependent?

Life presents a strange, intriguing cycle. It appears that often the people that help us grow up and take care of us are also the people that we find...

Will My Taxes Change When My Kids Turn 18?

Children require a lot of attention. They need plenty of time and energy to be properly supported and cared for. Thankfully, the IRS rewards parents ...

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Will My Taxes Change When My Kids Turn 18?

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