by admin | Nov 16, 2022 | Solve Your IRS Tax Problems
1. Keep donating to charity – but alternate years to increase your total tax deductions. For those who typically donate thousands of dollars to 501(c)(3) charities each year, it makes sense to consider doubling those typical donation amounts for 2020. This strategy...
by admin | Nov 16, 2022 | Solve Your IRS Tax Problems
Deducting Educator Expenses With the 2017 Tax Cuts and Jobs Act came a massive increase in the standard deduction. In 2019 and 2020, Forbes magazine estimates that over 90% of taxpayers will take the standard deduction rather than itemize on Schedule A. That’s good...
by admin | Nov 16, 2022 | Solve Your IRS Tax Problems
Most of us are familiar with paying income or property tax; but have you heard of the gift tax? In most instances, the government does not tax a gift from one person to another. However, in some circumstances, particularly for wealthy individuals, a tax on gifts can...
by admin | Nov 16, 2022 | Solve Your IRS Tax Problems
Self-employment tax is the biggest tax expense for members of the clergy (pastors, bishops, missionaries, priests, ministers etc). In this article, you will learn what is self-employment tax, why you must pay it, what earnings are included in this tax, and how to...
by admin | Nov 16, 2022 | Solve Your IRS Tax Problems
If you lost a spouse in the past few years, and that spouse was a government employee, you likely are receiving survivor’s benefits as part of your income. If you live in and file Ohio state taxes, there is a tax break for those who receive survivor’s...
