Disclaimer: I’m not an accountant or tax pro. I’m a personal finance writer who has been DIYing my own taxes for a while and will hopefully be able to provide you with some info and tips you weren’t aware of that you can explore further. What’s New for the 2025 Tax Season (...
There’s another safe harbor, one that’s especially useful if you’re not sure how much you’re likely to owe in taxes for 2024: You can pay 100 percent of your 2023 tax bill (paid in a lump sum by the first deadline below, or spread out over four or more payments by the deadl...
Whether you’re filing taxes for the first time or feel like you’re an expert inmilitary tax filing, the end goals are the same. You want to save the most money on your taxes and (ideally) get the biggest tax refund possible for your situation. That’s where I come in. I’m a ...
Choosing a tax status can be harder than it looks, especially if you’re new to taxes or if you’ve had a recent life change, such as a divorce. You need to think about what your tax status was last year when you make your choice. If you make the wrong choice with your status...
If you opt to do your taxes manually, you’ll download and fill out the necessary IRS forms and send them to your local collection address. You can get these forms at IRS.gov. You won’t pay for them. To make a tax payment, you have the option of mailing a check to the IRS dire...
For 2024, we consider Cash App Taxes a free option that is best for confident filers. Cash App doesn’t offer as much support as some professional software and doesn’t include the ability to upload 1099 income forms. But if you don’t need much hand-holding or have a simple return, ...
How do I do my taxes online? Each year, you can choose how you want to prepare and file your taxes. You can do so in one of three ways: Preparing the tax forms by hand and mailing them in. Using online tax software to prepare the required forms through on-screen prompts and guidanc...
With side gig income, however, no taxes are automatically taken out. As a result, the IRS requires side gig workers to pay estimated taxes every quarter to pay their fair share before the end of the year. Quarterly tax payments are due on the following dates for 2023 and 2024: Due Date...
Most self-employed taxpayers are required to make quarterly estimated tax payments. There are four payment deadlines throughout the year, and you're responsible for figuring out how much you owe in estimated taxes. If you're self-employed, here's everyth
Taxes for bloggers should be handled as if you're running a small business. Here's my detailed guide on how to do taxes on blog income (and blog tax tips).