by admin | Nov 16, 2022 | Solve Your IRS Tax Problems
1. Charitable Donations: Consider alternating years of higher donations to exceed the standard deduction, which for 2023 has increased to $12,950 for single filers and $25,900 for married filing jointly. By itemizing in high-donation years and taking the standard...
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...
