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What is a Tax Deduction vs. a Credit?

What is a Tax Deduction vs. a Credit?

A tax deduction is a reduction in an individual’s taxable income, which can lower the amount of tax that the individual owes to the government. There are many different types of tax deductions, and they can be used by individuals, businesses, and organizations...
Green Book 2022 Tax Proposals

Green Book 2022 Tax Proposals

July 1, 2021 THE TREASURY GREEN BOOK OF BIDEN PROPOSED TAX CHANGES The U.S. Treasury has released the Biden administration’s 2022 Fiscal Year Budget, that includes a general explanation of the administration’s 2022 revenue proposals. The publication is commonly...
IRS Federal Tax Filing and Payment Deadline Extension

IRS Federal Tax Filing and Payment Deadline Extension

You’ve worked hard to turn that side hustle into your main gig, but there’s only so much time, and taxes aren’t the most exciting part of your day. Maybe looking at this article is already making your palms sweat because you don’t have a plan yet. Calm down! We’ve got...