Tax Tips

Helpful Tips about Employee Business Expenses
 

Helpful Tips about Employee Business Expenses

Posted: April 5, 2017
Taxpayers who pay work-related expenses out of their own pocket may be able to deduct them. Generally, employee business expenses are deductible if they are more than two percent of adjusted gross income.


Need More Time to Pay Taxes?
 

Need More Time to Pay Taxes?

Posted: April 3, 2017
All taxpayers should file on time, even if they can’t pay what they owe. Here are four tips for those who can’t pay their taxes in full by the April 18 due date.

Basic Tax Tips for the Sharing Economy
 

Basic Tax Tips for the Sharing Economy

Posted: March 30, 2017
If taxpayers use one of the many online platforms to rent a spare bedroom, provide car rides or a number of other goods or services, they may be involved in the sharing economy - and that income may be taxable.

Get Credit for Retirement Savings Contributions
 

Get Credit for Retirement Savings Contributions

Posted: March 29, 2017
Taxpayers who contribute to a retirement plan, like a 401(k) or an IRA, may be able to claim the Saver’s Credit. This credit can help a person save for retirement and reduce taxes at the same time.

Are Tips Taxable?
 

Are Tips Taxable?

Posted: March 27, 2017
Generally, income received in the form of tips is taxable. The IRS provides some information that helps taxpayers report tip income correctly.

10 Adoption Tax Credit Facts to Consider
 

10 Adoption Tax Credit Facts to Consider

Posted: March 22, 2017
Taxpayers who have adopted or tried to adopt a child in 2016 may qualify for a tax credit. Here are ten important things about the adoption credit.