30 Important Tax Tips You Must Know to Reduce Your Taxes! - #23 IRA Contribution
Tip #23 IRA Contribution. It is a retirement contribution to a traditional IRA account if you have active (earned) income. IRA...
30 Important Tax Tips You Must Know to Reduce Your Taxes! - #22 Bonus Depreciation
Tip #22 Bonus Depreciation. Having a hard time finding deductions to minimize your tax burden for 2020? Have you considered bonus...
30 Important Tax Tips You Must Know to Reduce Your Taxes! - #21 Net Operating Losses
Tip #21: Net Operating Losses. A Net Operating Loss (NOL) can benefit your tax position by carrying back these losses to offset your...
Tax Deadlines In January 2021! (Tax Forms, Updates, PPP2 and More!)
It’s now January and there are many deadlines that you must prepare for the upcoming tax season. Not to mention there is also the next...
30 Important Tax Tips You Must Know to Reduce Your Taxes! - #18 Prepay Expenses
Tip #18: Prepay Expenses. They are future expenses that have been paid in advance, so expenses that will be used in the future like rent,...