If you’re one of the more than 150,000 Americans who has decided to “get your side hustle on” by driving for Uber, this might be the first time you’ve taken on the responsibilities of self-employment, including reporting business earnings on your inc
Whether you drive for Lyft full-time or part-time, you’re now enjoying the pay, perks, and prerogatives of being self-employed—from setting your own hours to building customer relations. With the onset of tax season, you face a new business challenge:
The threshold will drop even lower to $600 in tax year 2025. Because of these big changes, more people will receive Form 1099-K in the coming years. TaxAct’s goal is to help eliminate any confusion arising from these changes and ease your mind so you’re less stressed duringtax season...
Depending on your tax situation, the documents you’ll need can range from a single W2 to multiple W2s, 1099s, various deduction forms, etc. Once you have all the documents needed to file, determine which tax form you’ll need to complete. You'll also want to have personal information ...
All you have to do is log in to TurboTax and select “Import Prior Year Tax Return,” then enter your prior year’s Adjusted Gross Income (AGI) or your prior year’s Self-Select PIN. Then select the tax year for the return you’d like to import. After you’ve completed those steps...
You probably filled out a Form W-4 on your first day at work — this form tells your employer how much tax to withhold from your paycheck. You can fill out a new W-4 form if you wish to make changes to your tax withholding. Consider using TaxAct’sW-4 Calculator(Refund Booster1) ...
and headaches while helping you adhere to the most up-to-date tax rules and regulations. once you enter your tax information on your w-2s, 1099s, and other relevant forms, tax software will automatically calculate how much tax you owe or how much of a refund you can expect to receive....
One important note: For the 2023 tax season, eight companies are participating in IRS Free File, including some names you may recognize, such as TaxAct and TaxSlayer. The easiest way to see what's available to you via IRS Free File is to go to the IRS website. Enter your age, state...
For the 2022 tax season, eight companies are participating in IRS Free File, including some names you may recognize, such as TaxAct and TaxSlayer. The easiest way to see what's available to you via IRS Free File is to go to the IRS website. Enter your age, state of residence, ...
Enter your license code. Start using TurboTax. Will I still be able to e-file 5 federal returns using up to 5 computers? Will Intuit start storing my tax documents now that I’m using an Intuit Account? Will Intuit sell my personal information to other companies?