What tax deductions can you take without itemizing? Most taxpayers think they have to itemize their deductions to claim them on their tax return. However, that is not entirely true.
Raising money through Internet crowdfunding sites prompts questions about the taxability of the money raised. A number of sites host money-raising projects for fees generally ranging from 5 to 9%
As if this past year with all of its pandemic perils has not been stressful enough, the Office of the Inspector General for the Department of Labor has just added to our anxieties by announcing that at least at least $36 billion and possibly as much as $63 billion has been lost to improper unemployment […]
The IRS has released Form 7202 “Credits for Sick Leave and Family Leave
for Certain Self-Employed Individuals” to determine sick and family medical leave credit amounts for qualified self-employed individuals.
As a means to stimulate charitable contributions during the COVID crisis, Congress made two notable changes for 2020
For 2021 and 2022 only, the Taxpayer Certainty and Disaster Tax Relief Act of 2020 allows businesses to deduct 100% of business meal expenses under certain circumstances:
The IRS has announced their mileage rates for 2021.