What is Tax Extension and How to File It
Tax extension, tax refund, tax filings, tax return, tax services, tax preparation
7 Key Changes Under the 2018 Tax Reform
On December 22, 2017, President Donald Trump signed the Tax Cuts and Jobs Act. These set of the laws will affect every American household and business starting January 1st, 2018. Here are 7 changes in the tax law that could affect you: 1. Standard Deduction The standard deduction almost doubled. Single taxpayers are allowed to have $12,000 of non-taxable income in 2018, while in 2017 this number was only $6,500. Those who are married and filing jointly will have $24,000 (201
Are you an Uber or Lyft Driver? If you are, you should know about these tax deductions!
The popularity of share riding services increases every day as well as the need for drivers. Uber and Lyft drivers are considered self-employed and at the end of the year receive 1099 from its employer. As Uber/Lift driver you have 2 methods for deducting driving expenses - standard mileage or actual expenses. Consult with your tax prepare before filing the taxes which one of these options will be the most favorable for you. Check this list of deductions that each driver can