Married Filing Separately: Is It Right for You?
Considering the married filing separately tax status? This option lets each spouse file their own tax return. It’s not as common as filing jointly, but it can be advantageous under certain conditions. In this article, we’ll explore exactly what married filing separately means, when...
Is Auto Registration Tax Deductible? Find Out Here!
The information in this article is up to date for tax year 2024 (returns filed in 2025). Are auto registration fees tax deductible? The short answer is: sometimes. Only the portion of your registration fee that is based on the value of your vehicle can usually be deducted on your...
What is the Standard Deduction?
The information in this article is up to date for tax year 2024 (returns filed in 2025). Wondering what is the standard deduction and how it impacts your taxes? You’re not alone! If you’ve ever filed your taxes or looked into the process, you’ve probably heard the term before, but...
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 are gambling,...
What Is the Earned Income Tax Credit (EITC) and Who Qualifies?
The information in this article is up to date for tax year 2024 (returns filed in 2025). Have you ever heard of the Earned Income Tax Credit (EITC)? If you haven’t, you may be missing out on thousands of dollars at tax time. Even though millions of people claim the EITC, around 20%...
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, while 1099...
Tax Tips for Single Parents: Maximize Your Savings
The information in this article is up to date for tax year 2024 (returns filed in 2025). Tax season can be stressful for anyone, but for single parents, it can feel even more overwhelming. With numerous tax credits and tax deductions designed to support families, it’s essential to...
The Basics of Filing Taxes for Immigrants
Filing taxes isn’t just for U.S. citizens. If you are an immigrant working in the U.S., you are required to file a tax return. Of course, navigating the U.S. tax system can be a challenge—especially if this is your first time. In this quick guide, we’ll break down the basics of...