"What taxes can I write off if I'm working from home?" is a common question most self-employed people or home-based workers ask. Taxpayers may be eligible to various tax deductions at the end of the tax year. If you want to know more about how you can write off taxes working from home, this article is for you! Here, you will learn more about claiming home office expenses on a … [Read more...]
How To Write Off Taxes On New Car Purchase
Don't you just wish you can write off taxes on new car purchases? In buying a brand new vehicle, whether for personal or business use, one has to shell out a huge amount of money due to the expensive price and its accompanying taxes. But there's good news: one may ease the financial burden in owning a vehicle by availing a car purchase tax deduction. Read more to learn how you … [Read more...]
Calculating Tax For Self Employed Individuals | Frequently Asked Questions
Taxes for self-employed individuals are certainly different from employed ones. Other than the obvious difference in who pays for the taxes, there are several other things you need to keep in mind when filing as a self-employed individual. Read on to learn about self-employment tax forms, deductions, and more. Tax for Self Employed | All You Need to Know What Is Your … [Read more...]
No Health Insurance Penalty | Everything You Need To Know
One of the most controversial aspects of the Affordable Care Act (ACA or better known as Obamacare) is the no health insurance penalty. With the mandate, it compels Americans to secure health coverage. Not sure whether you will be asked to pay a tax penalty or how much it will cost? The good news is, it is not as confusing as you may think. Read on to learn more about it. No … [Read more...]
Are Health Insurance Premiums Tax Deductible?
Are health insurance premiums tax deductible? It’s a question that tends to come up each year as people start thinking ahead about their taxes. It is also a question that’s hard to answer because there are many things involved in taking tax deductions. At one time, every person had to have health insurance or pay a tax penalty based on the rules set forth by the Affordable Care … [Read more...]
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