Individual Tax News - Page 2 of 6

Image of a woman working from home and discussing home office deduction with her accountant

5 Home Office Deduction Mistakes

Posted September 2, 2020

More people are working from home now than ever before due to COVID-19. If this is you, you're probably interested … Read More

Two women reviewing qualified opportunity zone investments

How To Invest In Qualified Opportunity Zones

Posted August 4, 2020

The Tax Cuts and Jobs Act created a new tax item for American taxpayers – qualified opportunity zones (QOZ). Qualified … Read More

4 Tax Changes In The CARES Act You Shouldn’t Overlook

Posted July 8, 2020

The CARES Act is 854 pages long and introduces several programs, laws, and tools intended to provide relief to businesses … Read More

state capitol where tax filing extensions were issued

State Tax Filing Extensions Due To COVID-19

Posted June 8, 2020

Individual states began announcing state tax filing extensions shortly after the IRS and Treasury department announced a 90-day extension of the … Read More

A Simple Flowchart Of The QBI Deduction

Posted May 5, 2021

Our flowchart of the QBI deduction will help you understand the deduction and whether you're able to claim it. You … Read More

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Is The IRS Watching Your Virtual Currency Transactions?

Posted January 29, 2020

As a holder of virtual currency like Bitcoin or Ether, you may have questions about how this currency affects your … Read More

Senior male carpenter standing in workshop is targeted in social security number phone scam

A Social Security Number Phone Scam Is Back. Here’s How To Stay Safe.

Posted December 4, 2019

Social Security number phone scams are on the rise, with new variations emerging every day. These scams can often seem … Read More

Aerial view of downtown Detroit, MI - one city with income tax requirement

24 Michigan Cities That Make You Pay Income Tax

Posted July 17, 2019

Which Michigan cities make you pay income tax? As of Jan. 1, 2019, 24 cities in Michigan impose an income … Read More

Two businessmen standing in office and talking about business losses affecting QBI deduction

How Do Business Losses Affect My QBI Deduction?

Posted June 27, 2019

The QBI deduction is more complicated than just claiming a 20% deduction on your income. Qualified trades and income limits … Read More

Business owner looking up the tax form he needs for QBI deduction on laptop

The One Tax Form You Need To Claim The QBI Deduction

Posted June 19, 2019

Which tax form do you use to claim the QBI deduction? You use Form 8995, Qualified Business Income Deduction Simplified … Read More

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