IRS Home Office Tax Deduction – Rules & Calculator

If you’re a small-business owner, freelancer, independent contractor, or self-employed person who maintains an office at home, you may qualify for a tax break by using the home office deduction. Done properly, this deduction can reduce your taxable income substantially, generating a tax savings.

IRS Home Office Tax Deduction – Rules & Calculator is a post from Money Crashers.

Tax Breaks for Taking Care of Aging Parents

NOTE: Due to the COVID-19 coronavirus pandemic, the IRS has extended the federal tax filing and payment deadline to July 15, 2020. The recent relief package passed by Congress may have additional tax implications. Please contact a tax adviser for information you may need to complete your taxes this year. Learn more. In 2015, 43.5… Read More

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A Comprehensive Guide to 2020 Tax Credits

Every year, people’s lives change in ways that affect their taxes. They may start a higher education program or have a child, and others take on elderly parents as dependents. These situations can change their eligibility for tax credits. In … Continue reading →

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What Happens if You Lie on Your Taxes?

NOTE: Due to the COVID-19 coronavirus pandemic, the IRS has extended the federal tax filing and payment deadline to July 15, 2020. The recent relief package passed by Congress may have additional tax implications. Please contact a tax adviser for information you may need to complete your taxes this year. Learn more. According to the… Read More

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Strategies for Avoiding and Reducing Taxes

Taxes can take a big bite out of your income, especially if you’re in a higher income tax bracket. And even with careful planning, it’s possible that you could still be hit with an unexpected tax bill. The good news … Continue reading →

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3 Tips for Doing Your Due Diligence Right

If you’ve purchased commercial real estate, then you understand the importance of due diligence, a critical stage in the acquisition process. Due diligence is a…

The post 3 Tips for Doing Your Due Diligence Right first appeared on Century 21®.

15 Financial New Year’s Resolutions To Make In 2021

2020 is ending (finally) and it is time to start setting resolutions for 2021. Why not try to improve your financial health by following ones, or more, of these financial New Year’s resolutions?2020 is ending (finally) and it is time to start setting resolutions for 2021. Why not try to improve your financial health by following ones, or more, of these financial New Year’s resolutions?

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Wealth Tax: Definition, Examples, Pros and Cons

A wealth tax is a type of tax that’s imposed on the net wealth of an individual. This is different from income tax, which is the type of tax you’re likely most used to paying. The U.S. currently doesn’t have … Continue reading →

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Understanding What to Do with Unfiled Tax Returns

The IRS has taken down Al Capone, Wesley Snipes, Martha Stewart and other big names in the past for tax fraud. The federal government takes taxes very seriously. Not filing your tax returns is a serious offense. Although there won’t be a nationwide manhunt for late returns, you may still see some hefty fines and… Read More

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