Lucky Day at the Casino? 7 Tips to Report Your Gambling Winnings
The information in this article is up to date for tax year 2024 (returns filed in 2025). From the racetrack to the slot machines, legalized gambling has surged across the U.S., with states embracing the potential tax revenue. This growing trend means that more people...
What is the Difference Between 1099 and W-2?
The information in this article is up to date for tax year 2024 (returns filed in 2025). Wondering what is the difference between 1099 and W-2? It’s all about taxes and benefits. W-2 employees have taxes withheld from their pay and get benefits from their employers,...
What Is Taxable and Nontaxable Income?
The information in this article is up to date for tax year 2024 (returns filed in 2025). When you earn money, you’re likely familiar with the fact that you must pay taxes on most of it. However, did you know that not all income is taxable? In fact, certain types...
What Is the Difference Between Tax Credit and Tax Deduction?
The information in this article is up to date for tax year 2024 (returns filed in 2025). Tax credits and tax deductions are arguably the best part of preparing your tax return. They reduce your tax bill and help determine how much your tax liability is–either directly...
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