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About Form 8949

Form 8949 is a tax form individuals use to report the sale or exchange of capital assets, such as stocks, bonds, mutual funds, and real estate. The form calculates and reports...


IRS Tax Deductions for Freelancers

As a freelancer or self-employed individual, taking advantage of every tax deduction available to you is important. Deductions help lower your taxable income and save you money...

Posted 03/14/2023 by Taxes Made EZ Inc

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What is the FICA Tax?

The Federal Insurance Contributions Act (FICA) tax is a federal payroll tax imposed on employees and employers to fund Social Security and Medicare programs. FICA tax is a critical...

Posted 03/14/2023 by Pat Raskob

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Understanding Higher Standard Deductions

Higher standard deduction comes with itemizing deduction. According to the IRS, the method reduces your federal income tax, which has dragged more than 30% of taxpayers to the...

Posted 03/14/2023 by KLSM CPA Firm PLLC

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