Tax Deductions
What Is IRA Deduction? A Complete Guide for U.S. Taxpayers
What Is IRA Deduction? [video width="1280" height="720" mp4="https://www.irs.com/wp-content/uploads/2025/04/ira-deduction.mp4"][/video] Saving for retirement is one of the smartest financial moves you can make, and an Individual Retirement…
Are Home Repairs Tax Deductible? A Complete Guide for U.S. Homeowners
Are Home Repairs Tax Deductible? [video width="1280" height="720" mp4="https://www.irs.com/wp-content/uploads/2025/04/Home_Repair_Tax_Deductions_Explained.mp4"][/video] If you’re a homeowner, you’ve probably wondered: Are home repairs tax deductible? Also, whether the money…
1099 Deductions: The Ultimate Guide for Independent Contractors and Freelancers
[video width="1280" height="720" mp4="https://www.irs.com/wp-content/uploads/2025/03/Essential_1099_Tax_Deductions.mp4"][/video] What Are 1099 Deductions? Being your own boss comes with many perks, sure, but it can also make you feel like…
Are Political Donations Tax Deductible?
[video width="1280" height="720" mp4="https://www.irs.com/wp-content/uploads/2025/03/Untitled_video.mp4"][/video] Election season brings out the patriot in all of us, but while you might want to support your candidate, party, or…
Is Social Security Disability Income Taxable by the IRS?
[video width="1280" height="720" mp4="https://www.irs.com/wp-content/uploads/2025/03/Understanding_SSDI_Tax_Implications.mp4"][/video] Social Security Disability Income (SSDI) provides crucial financial support to people unable to work due to a disability. While the benefits…
1099 Deductions: The Ultimate Guide for Independent Contractors and Freelancers
What Are 1099 Deductions? Being your own boss comes with many perks, sure, but it can also make you feel like a lone ship adrift…
What Taxes Are Progressive? A Guide on the Progressive Tax System
What taxes are progressive? Well, all of them! At least at the federal level for income tax. The US federal government utilizes a progressive tax…
About Paying Taxes on Your Winnings From Gambling
Gambling winnings are fully taxable and must be reported on your tax return. However, there are a few key differences on how you might have…
