Tax Credits & Deductions, Tax Law Changes Understanding the Mortgage Interest Deduction TaxSlayer Editorial Team April 23, 2022 79,819 Closed The mortgage interest deduction allows homeowners to reduce their taxable income by the amount of interest paid on a qualified… Read more 79,819 13 CommentsClosed
Self-Employed Tax Tips, Tax Law Changes, Tax Tips Why You Might Get a Form 1099-K and What it Means for Your Taxes TaxSlayer Editorial Team January 24, 2022 21,721 Closed The American Rescue Plan Act of 2021 changed the rules around the IRS Form 1099-K — a change that is likely to have the biggest… Read more 21,721 3 CommentsClosed
COVID-19 and Stimulus Tax Resources, Tax Credits & Deductions, Tax Law Changes The 2021 Recovery Rebate Credit TaxSlayer Editorial Team June 24, 2021 18,636 Closed To help offset the financial impact of the COVID-19 pandemic, the U.S. government delivered three separate Economic… Read more 18,636 24 CommentsClosed
Tax Credits & Deductions, Tax Law Changes All About The Child and Dependent Care Credit TaxSlayer Editorial Team June 23, 2021 23,536 0 Comments For many working parents, paying for childcare is simply a fact of life. But a portion of those expenses could actually qualify… Read more 23,536 19 0Comments
Tax Credits & Deductions, Tax Law Changes Everything You Need to Know About the Child Tax Credit TaxSlayer Editorial Team May 21, 2021 61,606 Closed The American Rescue Plan expanded the Child Tax Credit (CTC) as well as changed some of the existing… Read more 61,606 9 CommentsClosed
Tax Law Changes, Tax Tips What is Form 1099-NEC? TaxSlayer Editorial Team May 1, 2021 21,040 Closed IRS Form 1099-NEC is the tax form used to report to report non-employee compensation for tax year 2020 and beyond. Before… Read more 21,040 12 CommentsClosed
Tax Law Changes Did Tax Reform Change the Deductions for Your Home Office? TaxSlayer Editorial Team January 5, 2021 47,846 Closed The Tax Cuts and Jobs Act (TCJA) of 2017 eliminated the miscellaneous deduction for home office expenses for tax years… Read more 47,846 13 CommentsClosed
Tax Law Changes, Tax News Need-to-Know Tax Reform TaxSlayer December 31, 2020 420,695 0 Comments The Tax Cuts and Jobs Act took effect in 2018. Some of the changes outlined in the act are permanent, while others will expire… Read more 420,695 13 0Comments
Tax Law Changes, Tax Planning, Tax Tips Getting Ahead on Your 2021 Federal Income Tax Return TaxSlayer Editorial Team December 11, 2020 21,675 Closed Americans are continuing to recover from the financial impact of the pandemic. The government has extended certain forms… Read more 21,675 11 CommentsClosed
Tax Law Changes Taxes 101: Understanding Capital Gains and Losses TaxSlayer Editorial Team December 10, 2020 17,384 Closed What are capital gains and losses? A “capital asset” describes everything you own for personal use (not business)… Read more 17,384 11 CommentsClosed