Discover when you pay tax on IRA withdrawals and how your choice of traditional or Roth IRA impacts your freedom to withdraw from your account penalty-free.

See the estimated tax payment schedule for 2025, who should make estimated tax payments, how to calculate them, and tips.

Learn whether a CPA, enrolled agent, or tax advisor is best suited to help you to deal with an IRS tax audit.

See how much you should set aside for taxes as a real estate agent, how your business type affects your taxes, and federal tax brackets for 2024.

Discover how much you can gift an employee tax-free, which gifts are taxable, and how their type, value, and frequency affect their taxability.

Learn the Cohan Rule for IRS audits, the origin of the rule, and how it can help you when being audited if you don’t have all of your receipts.

Learn the difference between above-the-line vs below-the-line deductions, common examples of each, and how they help you reduce your taxable income.

Discover the top 10 tax planning strategies for businesses, including strategic income management, bunching deductions, tax credits, and charitable giving.

Discover the top mechanic tax deductions for self-employed auto repair mechanics, including software, tools, business vehicles, uniforms, and PPE.

Learn how to write off a car for business, different ways to deduct car expenses, how Section 179 applies to cars, and how personal car use affects deductions.

Discover how to optimize your tax return with tax mileage deductions for work travel. Learn about standard mileage & actual expense methods with examples.

Learn how to write off work clothes and safety gear on your tax return. Discover if you're eligible, the IRS requirements, and practical examples.

Learn how to write off tools for work on your taxes. Discover who qualifies, the criteria for expense deductions & depreciation, and how to maximize tax benefits.

Learn the rules for claiming a child as a dependent and maximize your tax benefits, including qualifying children, relatives, and special circumstances.

Explore our comprehensive guide to tax deductions for small construction businesses, including construction materials, depreciation, travel expenses, & more.

Discover if you can claim yourself as a dependent on a U.S. tax return. Learn about categories of dependents, tax credits, and tax deductions.

Explore common sources of nontaxable income, such as life insurance proceeds, inheritances, disability payouts, child support, alimony, and gifts.

See which top dentist tax deductions to claim on your federal tax return, including equipment, salaries, office supplies, uniforms, and insurance.

Learn how the construction equipment depreciation rate is affected by the depreciation method you choose and factors like part replacement.

See how the depreciation method you choose affects your kitchen equipment depreciation rate and how much you can deduct each year.