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5 Essential Considerations for Taxes as a Digital Nomad
You’ve hit the road as a digital nomad. Good for you for embracing this unique lifestyle filled with new places, new faces, and new experiences. However, don’t forget about taxes as a…
Your Easy Guide to Self-Employment Taxes
Chances are if you are reading this, then you are self-employed or interested in becoming a small business owner. Congrats! However, if this is you, it’s important to consider self-employment taxes. Self-employed means…
3 Reasons Why You Shouldn’t File Your Tax Return Late
Did you already miss the tax filing deadline? The time to get going is now. Here are three reasons why you shouldn’t file your tax return late. No joking around here. You…
7 Helpful Tips About the Child Tax Credit 2021
Are you a parent? Did you receive a little extra in your bank account? This is the first time the child tax credit is being paid out on a monthly basis. But…
7 Red Flags That Might Lead to an IRS Audit
IRS audit. These are the words most of us would prefer to avoid if at all possible. Am I right? Here are 7 red flags to help you avoid an IRS audit.…
What You Need to Know About Paying Taxes on Unemployment Benefits
Are you one of the many millions of Americans who filed for unemployment in 2020? Have no fear since you’re not alone. However, it’s important to understand paying taxes on unemployment benefits.…
5 Tax Deductions That Could Get You in Trouble
You’ve filed your tax return for the year. You feel good about it. However, I’m here to warn you about 5 tax deductions that could get you in trouble. It’s super common…
2 Provisions That Allow for $100,000 Tax-Free IRA Borrowing
The $2 trillion COVID19 economic recovery bill titled the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) offers, among many things, some meaningful tax relief. Let’s go over two tax relief…
Top 3 Reasons Why Now is the Time to do a Roth IRA Conversion
Has your financial advisor ever lectured you about the wonderfulness of a Roth IRA? Maybe they advised you to convert traditional IRAs into Roth accounts. Sound familiar? Well, now’s the time to…
Amazing Way to Use Health Insurance as a Tax Deduction
Health insurance is no fun topic. There’s lots of debate around the necessity of paying high premiums. However, if you’re self-employed (i.e. you work as a contractor or freelancer), then pay attention.…