For taxpayers who own residential property, renting is often an additional source of income. If you want to maximize your refund, it is important to […]
Rental Income: What to Report and Deduct on Your Taxes Read More
People everywhere are renting their homes or spare rooms on sites like Airbnb for extra cash. TaxSlayer has the answers to the most frequently asked tax questions from short-term renters.
Airbnb Taxes: Tips For Filing as a Rental Host Read More
Every year, people flock to casinos in hopes of hitting it big. And since sports betting has been legalized, more people are gambling now more
How To Report Gambling Winnings with Form W-2 G Read More
In America, the government decides how much tax you owe by dividing your taxable income into chunks – or “brackets” – and taxing each chunk
2024-2025 Income Tax Brackets and How They Work Read More
Some people must pay taxes on part of their Social Security benefits. Others find that their benefits aren’t taxable. If you get Social Security, the IRS can help you determine if some of your benefits are taxable. Here are seven tips about how Social Security affects your taxes.
Social Security Income Tax: How Your Benefits Affect Your Taxes Read More
If you’ve ever had a job and looked at your paystub, you’ve probably noticed a line for Federal Insurance Contributions Act (FICA) taxes. FICA is a law
How FICA Tax & Income Tax Impact Your Paycheck Read More
Commission can be a great source of income on top of your reasonable regular wages. But, just like every other income stream, commission must be
Understanding How Commission Is Taxed Read More
Supplemental income refers to extra earnings received on top of your regular paycheck. People earn this type of income in various ways, like getting bonuses,
What Is Supplemental Income and Why Is It Taxed Differently? Read More
There’s nothing that rewards hard work quite like receiving a generous holiday bonus from your employer. But before you spend it all at once, how
What are the Tax Implications of My Holiday Bonus? Read More
This information in this article is up to date through tax year 2023 (tax returns filed in 2024). If you receive disability benefits every month,
Is My Disability Income Taxable? Read More
