Financial Blog
Don’t Panic If You Can’t Pay Your Taxes!
Afraid to file your tax return because you owe money you can't afford to pay? Big unexpected tax bills can set off your panic button… but you don’t have to worry about paying your taxes. This situation is easier to handle than you think, especially when you take a...
How to Spot Retirement Scams
They can wipe out your entire savings in minutes Be aware: Scammers are coming after your retirement savings. These con artists come armed with a huge bag of tricks they use to get you to willingly hand over your money. And they’re very convincing… so you have to be...
Tax FAQ for Tax Year 2020
Q: When are my taxes due? A: May 17, 2021 is the due date for individual tax returns – Form 1040 – and making 2020 income tax payments. But there are other due dates you may need to know too: April 15: 1st estimated tax payment for 2021 April 15: income...
How Freelancers, 1099 Workers, and Self-Employed Can Deduct 20% of Business Income
Did you know that you can deduct 20% of your business income on your personal tax return? You can, thanks to the Tax Cut and Jobs Act (TCJA). The TCJA brought a lot of tax changes for small business owners. And if you're self-employed, a freelancer, contractor, or had...
How To Fill Out Schedule C If You’re Self-Employed
If you're self-employed, work as a freelancer or contractor, or have a side gig, you are a business. And that means you'll need to fill out Schedule C as part of your federal income tax return. When you use Schedule C, you can deduct business expenses against the...