Has Your Tax Preparer Made a Mistake? Here’s What You Can Do Tax season can be a stressful time for many individuals and businesses. To navigate the complex world of taxes, many people choose to hire professional tax preparers to handle their returns. However, what happens when your tax preparer makes a mistake? In this […]
Are Medical Expenses Tax Deductible Medical expenses can often be a significant burden on individuals and families. However, there is some relief available in the form of tax deductions. The Internal Revenue Service (IRS) allows taxpayers to deduct certain medical expenses from their taxable income, which can result in substantial savings. In this extensive guide, […]
Discover how you can make your summer giving count both for the greater good and your finances.
You may have heard the term “tax shield” once or twice, especially during tax season, but what does it mean?
Lottery winnings can be a life-changing event, but there’s much more to consider than just the potential for a windfall.
How are bonuses taxed? There could be two ways, either percentage or aggregate. Learn more in our blog.
How is overtime taxed? It depends on how your salary is paid, and what tax bracket you fall into.
How can you avoid the gift tax? It most likely doesn’t apply to your situation, unless the gift exceeds $16,000.
Do renters pay property tax? Find out if you pay property tax in addition to your rent, or as part of your rent in this blog from Diversified Tax.
How is commission taxed? Find out how the IRS treats commission jobs in this blog from Diversified Tax.
