The Qualified Business Income deduction (QBI deduction, for short) is a wonderful tax break for people who are self-employed and for small business owners. Also...
Abby Eisenkraft, EA
Articles by this author
Does Your Child Need to File Taxes This Year?
Too young to vote doesn’t necessarily mean too young to file a tax return. In fact, minors who have significant income often are required to...
Taxes for People Who Are New to the US
Most Americans agree that the US tax code is too complicated. It can be even more impenetrable for taxpayers who are new to the country,...
What Is Nontaxable Income?
Who wouldn’t love to avoid paying tax on their income? Well, in some cases, you can. Here’s what you need to know about when you...
Why Is Receiving a Large Tax Refund a Bad Thing?
Did you get a big tax refund last year…or were you left wondering, Why is my federal refund so low? The average tax refund has...
Are Funeral Expenses Tax-Deductible?
Paying for an aging loved one’s care sometimes results in a medical expense deduction. Paying for a deceased loved one’s funeral, on the other hand,...
Are Political Donations Tax-Deductible?
Every four years, America holds a Presidential election…and early the following year, many American taxpayers make an unwelcome discovery—the political donations they made to their...
More Tax Audits On The Way
The IRS has received nearly $80 billion in new funding and is using that money to go on a hiring spree. That’s good news for...
2022 Tax Update
Tax audits haven’t been high on most Americans’ list of concerns lately. IRS funding cuts and staffing shortages reduced the audit rate from 0.9% in...