by Jonathan Bill | Sep 7, 2022 | Biz Taxes, Retirement, Tax Season
By law, you must pay income tax as you earn income — generally at least 90% of your taxes due. If you are an employee, your tax payments are typically paid by your employer in the form of withholding from your paycheck. However, if some or all of your income is not...
by Jonathan Bill | Jun 6, 2022 | General Info, Personal, Tax Season
With today’s hot real estate market, you may be considering selling your home. Before you do, consider these possible repercussions to your federal income tax: Gains & Losses If you sell your main residence and have a gain from the sale, you may be able to exclude...
by Jonathan Bill | Apr 6, 2022 | Personal, Tax Season
When you earn several types of income throughout the year, it’s easy to lose track and forget to report some. The IRS does not forget, however. So be sure to report: Gig Work This is income earned providing on-demand work, services or goods, often through a...
by Jonathan Bill | Jun 7, 2021 | General Info, IRS, Personal
If you have one or more children age 17 or under, you may automatically begin receiving advance payments of the Child Tax Credit on July 15th. Roughly 39 million households — covering 88% of children in the United States — will begin receiving the payments as part of...
