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.
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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.
Working Remotely Abroad? Here’s How US Taxes Still Apply
US citizens pay taxes no matter where they live. If you're working remotely from another country, here's what the IRS expects and what exclusions may apply.
How to Deduct Retirement Contributions as a Business Owner
Self-employed workers can contribute far more to retirement than W-2 employees. Here's how SEP-IRAs and Solo 401(k)s work—and how each reduces your tax bill.
How to Avoid Taxes on Investment Gains Using the 0% Rate
If your income is below a certain threshold, you pay zero tax on long-term investment gains. Here's how to position your income to take full advantage.
How to Handle Sales Tax If You Sell Products Online
If you sell products online, you may owe sales tax in multiple states. Here's how economic nexus works, which states require it, and how to stay compliant.
Your Child Just Turned 18: What Changes on Your Taxes
When your child turns 18 or heads to college, your tax situation shifts. Here's what changes for your return, your credits, and your dependent claim.