Tax rules are different every year, but 2023 saw a few significant changes that you don't want to ignore. CPA and TurboTax expert Lisa Greene-Lewis highlights some of the more important ones. Watch the video above or read the transcript below. Video transcript: Tracy Byrnes: Well, as the...
Self-Employed: This is designed for anyone self-employed to help deal with the sometimes complex business situations that come up. They offer easy expense tracking all year long (for example, for mileage). Further reading:What Types of Tax Software Should Freelance Accountants Use ...
Video: Get Ready for Tax Year 2023 NowVideo: Tax Tips for NIL AthletesVideo: Tax Planning for College StudentsVideo: Last Minute Tax Tips for Extension FilersVideo: Tips to Help Self-Employed Save Money at Tax-TimeThe above article is intended to provide generalized financial information designed...
Atax yearis an annual 12-month period for reporting income and expenses that are used to calculate your taxes. For most individual taxpayers in the U.S., the tax year is January 1 through December 31. Key Takeaways A tax year typically lasts 12 months or 52 to 53 weeks, and is the ...
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Tax Day 2026 falls on Monday, April 15. This is the day when your taxes are due for the 2026 tax year. It's important to file your return or request an extension by this date to avoid any penalties. Make sure you mark your calendar for the tax deadline 2026 to ensure you meet the...
By Tara Siegel Bernard The New York Times Filing your tax return serves as an annual reminder of just how tediously complex the American tax code is, and this year is no exception. It’s not as messy as the pandemic years, but there are plenty of new provisions taking effect, and ...
If you have large expenses like mortgage interest and medical costs or made charitable deductions this year, you may be able to itemize instead of claiming the standard deduction. Itemized deductions allow you to account for each expense, potentially res
Tax filings can be complex with new changes every year. For many taxpayers, it is advisable to seek guidance from a trusted accountant or financial advisor. What documents do I need to provide to my tax preparer? Generally, the start of a new year comes with a flurry of tax forms that ...
once a tax year is adopted, the business must continue using it unless it receives permission from the IRS to change. If it changes to a tax year that differs from a calendar year, it is adopting a fiscal year.