Posts authored by Working Today Inc.
Working Today is a 501c3 nonprofit that supports independent workers in the US through advocacy, education & services. We raise awareness of the unique challenges independent workers face.
The EITC is a major tax benefit for millions of low- and moderate-income workers
The EITC helps workers who earned $59,187 or less when they file their tax return. Unfortunately, many people risk missing out on the credit because they don't know they're eligible — especially people who had a major life change and may qualify for the first time this year.…
Taxpayers should bookmark these IRS.gov tools to help take the stress out of filing season
As people get ready to file a 2022 tax return, they may have questions or need additional information. IRS.gov has tools and resources that can put the information a taxpayer needs at their fingertips. Having this info just a click away can help taxpayers approach tax season with confidence.…
The benefits of having a tax refund direct deposited
Receiving a tax refund is happy news to any taxpayer; getting it quickly is even better. Direct deposit is the safest and most convenient way to receive a tax refund. The IRS encourages taxpayers to file when they are ready and choose direct deposit to receive any refund they may be owed.…
Why You Should Consider an LLC the Right Choice for Your Freelance Business
In this article, we'll explore the benefits of an LLC for freelancers, including how to create one, how it protects them, and the business cost savings it provides. We'll also take a closer look at recent legislation in California, specifically AB5, and how it affects self-employed individuals.…
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.…