Tax News Blogs

How to report taxes on tip Income for my Tax Return. If you are a server or barista making tips, you need to know how these tips will factor into your taxes. You report taxes on tip just like you report taxes on the rest of your income.

If you were a homebuyer or home seller in the past few years, your tax filing will be different compared to the years before. Here is what you need to know about the changes to expect.

For many newlywed couples, married filing jointly is the best option. This can provide significant tax breaks, like a larger standard deduction. However, there are some situations where it may be better to file separately. For many newlywed couples, married filing jointly is the best option. This can provide significant tax breaks, like a larger standard deduction.

To be tax deductible donations to Ukraine, these donations need to follow the rules for contributions to charity for use abroad and gifts to a foreign charity. Unfortunately, direct donations to a foreign charity or donations made to a domestic charity that then hands over the funds to a foreign charity are not tax deductible donations to Ukraine.

What to Know about the Gift Tax Deduction and Charitable Donations Tax Deductible and Under the Jobs Act and Tax Cuts.

Federal tax breaks for taxpayers who claim dependents, in short dependent tax credits and deductions are available to take advantage. These dependent tax credits or breaks may reduce the amount of federal income tax owed, and some even increase the refund.

Filing tax when unemployed guidance to help taxpayers better understand what types of income may be taxable when their form W-2 is not issued because they have lost their job or are not working.

What tax forms and tax regulations should self-employed tax payer be aware of. First when filing self-employed taxes, who does the IRS consider self employed and when does a self employed person to file a tax return.

PriorTax simplifies your tax filing, making easy tax filing possible. Easy Free tax filing is available for current tax year. Otherwise you’ll want to have all of the relevant documents close to hand – either hard copies or PDFs will work.