The TCJA eliminated several itemized deductions from 2018 through to 2025. However, the investment interest deduction was not affected. This means that single taxpayers can claim their...
Amnesty is an act of mercy on the part of the government. It is the decision not to punish a person, business, or entity for a crime. Under a tax amnesty program, a state provides...
The IRS permits the use of per diem rates (which means "for each day" or "daily rate" in Latin) to facilitate reimbursement for employers and employees. Per-diem...
Business owners have specific rules and guidelines associated with filing their taxes. Running a daycare can be expensive, and the IRS offers incentives for the expenses incurred....
When consumers do not pay for loans, primarily cars, they are subject to a repossession. The damage caused by repossession goes far beyond the loss of the vehicle.What is Repossession?The...
Posted by Taxes Made EZ Inc on 05/18/2020
Federal Income Tax Deadline:In the United States, the federal income tax deadline typically falls on April 15th, except when it falls on a weekend or holiday. If that's the case,...
Posted by True Tax Service on 10/28/2023
What Are Tax Brackets? Tax brackets are specific income ranges used to determine the tax rate you pay on your taxable income. The United States, for example, uses a progressive...
Posted by True Tax Service on 10/25/2023
As the end of the year approaches, it's essential for small business owners to start thinking about tax planning. Strategic tax planning can help you reduce your tax liability...
Posted by True Tax Service on 10/02/2023
Gather All Necessary Documents:Collect all relevant tax documents, including W-2s (for employment income), 1099s (for various types of income), mortgage interest statements, investment...
Posted by True Tax Service on 09/12/2023