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Tax Tips

PayPal and Venmo Taxes: What To Need Know About P2P Tax

Mobile payment apps have increased in popularity. But how do these apps affect your taxes? Here is what you need to know about how to effectively use these tools yourself or for your business, and how to avoid unpleasant tax surprises. Read more

Carol Nachbaur
Tax Tips

What is a Tax Credit and How Does it Work?

Tax credits are types of tax benefits that lower your tax bill and, sometimes, increase your tax refund. Taxpayers can claim several different types of tax credits. Learn all about tax credits in our ultimate guide. Read more

Carol Nachbaur
Tax Tips

How Child Support Affects Your Taxes

Paying and receiving child support comes with certain tax implications unknown to many. In simple and clear terms, child support is taxable. But for who? Additionally, can the payor take a tax deduction for the amount paid as child support? In this guide, we'll examine what is applicable in different situations. Read more

Carol Nachbaur
Tax Tips

What is an Information Return?

An information return form is used to report taxable payments to the government. This enables tax agencies to track individual income and how much tax is owed. With an information return, the tax liability for each individual in a year is calculated. Learn all about these information returns in our guide. Read more

Carol Nachbaur
Tax Tips

Do You Have To Pay Taxes On Gambling Winnings?

A successful gamble is exhilarating, but that can't be said for the tax charges. As inconvenient as thinking about the tax implications of your gambling winnings can be, the tax charges are mandatory. Learn what tax you'll have to pay on your winnings. Read more

Carol Nachbaur
Tax Tips

Instacart Taxes: The Ultimate Tax Guide For Instacart Shoppers

As an Instacart shopper, you're an independent contractor. Working for yourself has its own benefits, but it also means tax time can be complicated. That's why we have created a personalized tax guide, complete with our best tax tips. Learn everything you need to know about preparing for tax season as an Instacart shopper.   Read more

Carol Nachbaur
Tax Tips

How To Fill Out A W-4

"Employee's Withholding Certificate" known as W-4 is a form that allows employers to withhold and remit taxes for employees. This important document is crucial to tax processes but many are unfamiliar with how it works and what information it should contain. Learn how to fill out your W-4 in this simple guide. Read more

Carol Nachbaur
Tax Tips

What Do I Need to File My Taxes? - Checklist

Tax filing can be a simple or time-consuming task depending on various factors ranging from the financial situation of a filer to the number of jobs, especially if you have multiple income sources. Here is a checklist of forms needed for each category of the tax filing process. Read more

Carol Nachbaur
Tax Tips

Estimated Taxes: How They Work And When To Pay

For many taxpayers, their income is subject to withholding, which means taxes are automatically withheld. However, this is not the case for a certain category of taxpayers. Learn all about estimated tax, and who need to pay, in this easy guide. Read more

Carol Nachbaur

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