Taxes

Donating Your Car to Charity

Donating Your Car to Charity

Sick of that old clunker sitting in your driveway? Donate it to charity. You may be able to get a valuable tax deduction for your donation. But, be aware that deducting car donations is a lot harder ...Read more

Guide to Using IRS Form 1099-Q

Guide to Using IRS Form 1099-Q

There are many different IRS forms that begin with the numbers 1099. These are all information returns. An "information return" is not a tax return. Instead, it is a form that tells the IRS that ...Read more

What Day Is Tax Day In 2019?

What Day Is Tax Day In 2019?

Tax day 2019 is Monday, April 15. This is the day your individual tax returns are due to the government for the 2018 tax year. Download MileIQ to start tracking your miles » When can I file ...Read more

Can You Still Deduct Medical Expenses Under the New Tax Law?

Can You Still Deduct Medical Expenses Under the New Tax Law?

A massive new tax law called the Tax Cuts, and Jobs Act (TCJA) went into effect on January 1, 2018. This new law has a significant impact on taxpayers’ ability to deduct their medical ...Read more

2018 Year-End Tax Tips For The Self-Employed

2018 Year-End Tax Tips For The Self-Employed

With the holidays right around the corner, the tax year is almost over. Taxes are never fun to think about but these year-end tax tips for the self-employed could really help you save on your tax ...Read more

The 2019 Federal Income Tax Brackets & Tax Rates

The 2019 Federal Income Tax Brackets & Tax Rates

The IRS has announced the tax rates and brackets for 2019. These are the rates for the 2019 tax year. You'll use these rates when you file taxes in 2020. Use the 2018 tax rates when you file taxes in ...Read more

What Business Owners Should Know About Schedule K-1

What Business Owners Should Know About Schedule K-1

Schedule K-1 is an IRS form that is important if you are the owner or co-owner of a pass-through business. Essentially, any company owned and operated through a pass-through business entity. Think of ...Read more