If you click the link and fill out the form, the scammers can use the information to access your accounts and, potentially, steal more information or money. Watch out for emails with the subject line "Security Awareness for Tax Professionals" directing you to a fake e-services registration s...
As long as the group to which you donate is a 501(c)(3) organization, you can claim the amount as a charitable tax deduction if you itemize. Feb. 2: Happy Groundhog Day! Or as we call it here in Central Texas, Armadillo Day, since the nine-banded 'dillo Bee Cave Bob offers ...
Whether it's phishing, identity theft, or hidden fees, tax season can bring out the scammers in full force. Learn how to protect yourself from the most common tax scams.
Choosing your correct tax filing status will determine your federal tax bracket and the amount of tax you pay, as well as your standard deduction. Key Takeaways 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 cha...
Define tax credit. tax credit synonyms, tax credit pronunciation, tax credit translation, English dictionary definition of tax credit. n a social security benefit paid in the form of an additional income tax allowance Collins English Dictionary – Comple
If you rely on the platform for income and recognition, take action now to mitigate loss should it go away permanently. Erica SandbergJan. 21, 2025 Understanding Consumer Sentiment Learn how consumers' attitudes drive the economy. Aja McClanahanJan. 17, 2025 ...
Typical unreimbursed expenses that are deductible by employees include union dues and payments for mandatory uniforms. Alimony payments may be taken as a deduction by the payer and are deemed to be income to the recipient; however, Child Support payments are not deemed income to the parent who ...
New Mexico Enacts Deduction for Certain Dialysis Facility Services Wyoming Changes Sourcing of Tax on Services Michigan Extends Statute of Limitations Alabama Adopts New Local Nexus Rule Texas Lessor Liable for Accelerated Taxes When It Assigned Lease Oklahoma Discusses Out-of-State Lessor Transactions Pue...
Crypto tax rules are similar to those for traditional investments. Either it’s a capital gain (or loss) or its income. But the rules for traditional investments don’t always apply in the same way, and often there area lot more transactionsfor crypto people. Specialized tax tools, or worki...
The PATH Act focused on several tax credits for individuals, families, and businesses. It extended some credits permanently and expanded eligibility for others. A tax credit, in general, is more valuable to the taxpayer than a tax deduction. A tax deduction merely reduces the person’s taxable ...