Financial Blog
Maximize Your Home Office Deduction – Do It the Long Way
If you own your own business and you work from home, that can score you a very big tax break…as long as you can stand a little math and some extra paperwork. First, to be clear, you have to file a Schedule C as part of your tax return to take advantage of the home...
How to Calculate Depreciation for Your Home Office Deduction
Note: This article was originally posted in 2017 but has been updated with more current information. Depreciation is the most confusing part of the full home office deduction, but it can substantially minimize your current tax bill. That’s because when you reduce...
Self-Employment Taxes: Here’s What You Need to Know
More and more people - especially single moms - are working multiple jobs or side gigs to make ends meet. But not all of those jobs come with a “normal” paycheck, the kind with taxes taken out. And that's why you need to know about self-employment taxes. When you...
10 Things to Do Before You Start Investing
Investing can move you closer to financial freedom. Building wealth gives you breathing room, eases financial anxiety, and opens up your world of possibilities. So many single moms are hesitant to take this step – it can feel uncomfortable, even scary, to make that...
Your Biggest Expense Isn’t What You Think It Is
Ask anyone what their biggest expense is and they'll probably tell you the same thing: mortgage payment or rent. They’re wrong. The biggest expense for almost all of us is something we hardly ever consider, but it chips away at our money more than anything else. We...