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The self-employment tax consists of Social Security and Medicare taxes, but you might have other taxes to pay as well.
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One of our friend referred us to a CAA who had her office within 5 miles from our place. You can check CAA in your area at link below. She helped us out in filing our taxes and had good knowledge too. “We came to U.S. a year before in Feb so we filed our return as “Marri...
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Before we launch into the United States’ taxation history, let us first understand what taxes are and why we need to pay them. If any of this feels overwhelming, do not fret – everything will become crystal clear as we move along with the book. ...
I do my own taxes (I use H&R Block software ) and have finished but am waiting to file. May not be relevant to many of us but there is a pending possible SALT deduction cap increase to $20,000 for MFJ filers with MAGI <$500k. This is retroactive for only the 2023 tax year. Ther...