At a centralized level, a federal tax deduction is way to reduce the amount of income that is subjected to taxes. From the gross income of a taxpayer, the tax deductions are subtracted....
Posted by John Pournaras Agency on 01/12/2019
The most commonly asked question of a taxpayer is that whether there is a need to itemize their deductions. So this article will shed light upon some of the fundamental aspects of...
Posted by Wolf Financial Group LLC - Tax Services on 12/14/2018
What is an Independent Contractor?Independent contractor or a freelancer is a person or entity contracted to perform work or provide services to another entity, but not as an employee....
Posted by Duce Taxes & Accounting on 11/14/2018
Employees are now starting to receive bonuses from their employers instead of getting a raises as reported by the Washington Post. The two main reason for this is: first, bonuses are...
Posted by John Pournaras Agency on 11/14/2018
The modified adjusted gross income is used by the IRS to find out whether a private taxpayer is eligible for specific tax deductions. The IRS most importantly use it to determine how...
Posted by rinehimerbaker on 11/14/2018
DefinitionAlso known as the “term structure of interest rates,” the yield curve is a line that plots the yields of similar-quality bonds against their maturities within...
A recent update to income tax withholding for 2018 was announced by the IRS in their IR-2018-5 news released. The Tax Cuts and Jobs Act (TCJA) created changes which led to the updates....
Posted by Flynn Financial Group Inc on 11/05/2018
It can be difficult to understand some things in life if we don’t know how they work. Your credit score, for example, may have errors on your report that’s damaging your...
Posted by ALJ Business Services,LLC on 11/05/2018
It’s common knowledge that tax credits and tax deductions can both help lessen your overall income tax liability. You may be one among millions of taxpayers searching for credits...
Posted by John Pournaras Agency on 11/05/2018
