Expats: What You Need to Know for Tax Season
4 minutes read
Do you qualify as an expatriate?
3 minutes read
Did you file electronically or by mail?
4 minutes read
One of the main and most common deductions that landlords can claim on their tax returns is for repairs, maintenance, and improvements to their property. The IRS has published guidelines on what qualifies for this deduction. It is important to note that deductions differ for all three. Here are the differences:
3 minutes read
You are responsible for paying your own state and federal income taxes.Since you are an independent contractor, you don’t have an employer that will automatically take your state and federal income taxes out of your paycheck. This means that you are responsible for paying these funds directly to the government. However, if you live in any of the following states, you don’t have to worry about state income taxes.
2 minutes read
Figure out your total medical expenses for the year.