Business Insurance Premiums: Are They Tax Deductible?
Most business insurance premiums are fully deductible—but the type of policy and the structure of your business both matter. Here's what qualifies and how to claim it.
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Bought an Investment Property? Tax Rules for New Landlords
Buying a rental property changes your taxes significantly. Here's what first-time landlords need to know about reporting income, deducting expenses, and depreciation.
How to Claim the Home Office Deduction Using Safe Harbor
The simplified safe harbor method lets you deduct $5 per square foot of home office space—no complex calculations needed. Here's how to use it correctly.
Donor-Advised Funds: The Smart Way to Give and Save
A donor-advised fund lets you take a big tax deduction now and distribute gifts to charity over time. Here's how DAFs work and why they're a top planning tool.
How to Handle a 1099-K From PayPal, Venmo, or Stripe
If you got paid through PayPal, Venmo, or Stripe, you may receive a 1099-K. Here's what the form means, what threshold triggers it, and how to report it.
Receiving Alimony or Paying It? Here’s the Tax Treatment
The tax rules for alimony changed dramatically in 2019. Whether you pay or receive it, here's how the TCJA affects your return depending on when you divorced.
The Business Deductions You Can Take in Your First Year
Your first year in business is full of deductible expenses—if you know what to track. Here's how to handle startup costs, organization fees, and early write-offs.
How to File an Extension and What It Actually Buys You
An extension gives you more time to file—not more time to pay. Here's how Form 4868 works, what the extended deadline is, and the mistake most people make.
Depreciation 101: How to Write Off Long-Term Assets
When you buy a long-term business asset, you don't always deduct it all at once. Here's how depreciation, MACRS, and bonus depreciation work together.