10 Not-to-be-Missed Deductions for Your 2022 Freelance Taxes
The IRS begins accepting tax returns soon, which means if you want to expedite any potential deductions so you can get your return sooner rather than later and reduce your tax burden as much as possible you should consider completing your tax return and consider these deductions.…
New Yorkers: File Your Taxes with NYC Free Tax Prep
The NYC Free Tax Prep services is now available to workers across NYC. The program provides free year-round income tax services to freelance workers and small businesses to help navigate tax filing, with an IRS-certified VITA/TCE volunteer preparers available to help you file.…
Tax basics: Understanding the difference between standard and itemized deductions
One of the first decisions taxpayers must make when completing a tax return is whether to take the standard deduction or itemize their deductions. As you think about filing their tax return, here are some things they should know about standard and itemized deductions.…
Hardship Accommodation Plan for Economic Injury Disaster Loans May Help Your Freelance Business Cash Flow
If your freelance business received an Economic Injury Disaster Loan (EIDL) it will soon be time to start paying it back. To help freelancers who are still struggling financially, the Hardship Accommodation Plan provides the option of paying just 10% of monthly payments or $25 for up to six months.…
IRS sets Jan. 23 as official start to 2023 tax filing season; more helpavailable for taxpayers this year
The Internal Revenue Service today announced Monday, Jan. 23, 2023, as the beginning of the nation's 2023 tax season when the agency will begin accepting and processing 2022 tax year returns.…