Self-Employed Taxes: What to Expect and How to Prepare Introduction Self-employment offers flexibility and independence, but it also comes with unique tax responsibilities. Unlike traditional employees, self-employed individuals must handle their own…
Standard Deduction vs. Itemized Deductions: Which One Is Right for You?
Standard Deduction vs. Itemized Deductions: Which One Is Right for You? When filing your taxes, one of the most crucial decisions you’ll face is whether to take the standard deduction or itemize…
What Is a 1099 Form and How to Use It for US Taxes
If you’ve ever done freelance work, driven for a rideshare company, or earned money outside of a regular 9-to-5 job, you might have received a 1099 form. But what exactly is a…
Understanding the Tax Cuts and Jobs Act: How It Affects
Taxes might not be the most exciting topic, but they’re something that affects every American. Whether you’re working a nine-to-five job, running your own business, or just trying to make sense of…
How to Handle Taxes as a Dual Citizen in the USA
Being a dual citizen can feel like having the best of both worlds. You get to enjoy the perks of two countries, two cultures, and maybe even two passports. But when it…
How to Claim the Lifetime Learning Credit on Your US Tax Return
Tax season can feel like a maze, especially when you’re trying to figure out how to save money while staying on the right side of the IRS. If you’re paying for education…
Tax Tips for Recent College Graduates in the USA: What You Need to Know
Graduating from college is a huge milestone. You’ve spent years studying, pulling all-nighters, and surviving on instant noodles, and now you’re finally stepping into the real world. But along with the excitement…
Tax Tips for Retirees in the USA: Social Security, Pensions, and More
Retirement is a time to relax and enjoy life, but it also comes with its own set of financial responsibilities. One of the biggest concerns for retirees in the USA is how…
How to File an Extension for Your US Tax Return [Step-by-Step Guide]
Maybe you got busy with work, had a family emergency, or just plain forgot the deadline was coming up. Whatever the reason, if you need more time to file your tax return,…
What Is the Alternative Minimum Tax (AMT) and Who Needs to Pay It?
Taxes can be complicated, and the Alternative Minimum Tax (AMT) is one of those things that many people have heard about but don’t fully understand. If you’ve ever found yourself wondering what…