How Long Do You Need to Keep Tax-Related Documents? April 18, 2025
Now that you’ve filed your taxes, you might be wondering how long to keep a copy of your return. The IRS has guidelines for keeping track of your past returns and your time to hold on to your information may vary based on your tax situation.
3 Things to Think About When Paying Taxes by Credit Card April 01, 2025
The IRS accepts credit card payments for taxes, but is that a smart move? Before putting your tax debt on plastic, consider the overall cost, the effect on your credit, and whether or not, there are better options. To help you decide, this post looks at these three factors:
What Are FICA Taxes? Social Security and Medicare Taxes March 31, 2025
FICA taxes are based on your earnings, and they fund Social Security and Medicare. If you are employed, your employer pays half of your FICA taxes, and you pay the other half. If you are self-employed or a small business owner, you pay all of your FICA taxes.
Child Tax Credit: Get Up to $2,000 for Each Qualifying Child March 27, 2025
The Child Tax Credit can lower your tax bill and put money in your pocket. To qualify, you must have children under age 17 by the end of the tax year and meet income guidelines. Let’s check out the details.
How to Write-Off Meals: Guide to Deducible Business Meals March 26, 2025
You may be able to write off the cost of some meals and entertainment if you’re self-employed or own a business. The rules are nuanced, but this is a legitimate deduction that you should claim if you qualify. To help you out, this post explains all the details.
