Tax Tips
IRS Code 766: What it Means on your Transcript
IRS Code 766 serves as a crucial guidepost in the realm of tax transcripts and credits. Understanding the implications of this code empowers taxpayers to…
How IRS Exchange Rates Work When Converting Foreign Currencies to US Tax Dollars
Uncle Sam wants you to pay your taxes -- but only with US dollars, please. Taxpayers who earn income in a foreign country or financial…
IRS Publication 502: Yes, You Can Deduct Your Medical and Dental Expenses on Your Tax Return
If you've never heard of the medical expense deduction, you might be in for a treat. The Internal Revenue Service offers you a bit of…
401k Contribution Limits Increased for 2024
The year 2024 brings good news for retirement savers. The 401k contribution limits are set to increase, allowing individuals to save even more towards their…
How Do Taxes on Gambling Winnings Work?
Gambling activities can be thrilling and potentially lucrative, but it's important to understand the implications of taxes on gambling winnings. By staying informed, you can…
How to Get a Copy of W2 Fast
If you're searching for your W2 quickly for a variety of reasons, whether it's a third party request, trying to qualify for a loan, or…
How Are Cryptocurrencies Taxed? When You Pay Taxes on Bitcoin, What’s Your Taxable Income?
And you thought e-filing your taxes was the hottest, new-fangled doodad the IRS tracked. When it comes to cryptocurrency taxes, the Internal Revenue Service treats…
President Biden’s SAVE plan is not entirely tax free
The new income-driven repayment plan (IDR) proposed by President Joe Biden (known as the SAVE plan) may be able to forgive some student loans…
