- Who Needs to File a Tax Return in 2024
- Most U.S. citizens and permanent residents who work in the United States need to file a tax return if they make more than a certain amount for the year. This includes U.S. citizens and permanent residents working outside the U.S.
- Mastering QuickBooks: 5 Essential Tips For Small Business Owners
- Whether you’re new to QuickBooks or never learned the software properly, these 5 essential tips for small business owners will help you.
- IRS Resuming Sending Collection Notices
- Due to the COVID-19 pandemic, the IRS suspended the mailing of automated reminders to pay overdue tax bills starting in February 2022.
- Video Tips: Make Tax-Free Charity Donations from Your IRA Required Minimum Distributions
- Generally, individuals who are 70½ or older may make a Qualified Charitable Distribution (QCD) of up to $100,000 from their individual retirement account each year.
- Ways To Deduct Health Insurance
- Health insurance premiums, especially in the wake of the “Affordable Care Act,” have risen dramatically and are one of the largest expenses that most individuals pay. Although the cost of health insurance is allowed as part of an individual’s medical deductions when itemizing deductions, only the amount of total medical expenses that exceeds 7.5% of the taxpayer’s adjusted gross income (AGI) is deductible. Itemized deductions are detailed on the Schedule A form that is included in your Form 1040 tax return
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