A Tax Nightmare on Your Horizon

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A recent tax law change by this edition of Congress now requires transaction reporting to the IRS for anyone receiving more than $600 in payments through digital payment tools like PayPal, Venmo, and CashApp.

Tax-Free Rental Income

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There are a few income-producing events that the IRS has said are not taxable. One of them is renting out your home or vacation property.

2022 FICA Tax Rates

FICA tax rate

FICA tax is a combination of a Social Security tax and a Medicare tax. The Social Security tax is assessed on wages up to $147,000; the Medicare tax is assessed on all wages.

What is the Best Filing Status?

The best filing status for you depends upon which status you can qualify for and your particular circumstances. Tax savings are only one consideration when selecting your filing status.

10 Tax Tips for Individuals

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Only the informed taxpayer can take advantage of tax-cutting opportunities. Here are suggestions you should consider for cutting your taxes.