January 14, 2011 – 2:21 pm
2010 is officially over, and you know what that means–it’s almost time to prepare your taxes (cue groaning.) Tax preparation can be a daunting task, especially if you plan to do it yourself. And for freelancers or self-employed individuals, there may be even more confusion. Luckily, there is a lot of information available online today to help us all through the process. Terms likes 1099s, Schedule SE, Schedule C, Schedule C-EZ, will be words you soon become familiar with, if you aren’t already.
Below are 5 great tax write-off opportunities for freelancers and the self-employed. It’s important to be aware … Read more at 2009 Taxes
By Steve
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Posted in tax credits, tax deductions, tax forms, Tax Law, Tax Preparation
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Also tagged Expense, Federal Insurance Contributions Act tax, freelance business, Freelancer, freelancing, Insurance, Internal Revenue Service, IRS tax forms, New York City, PayPal, prepare your taxes, tax, tax help, taxes, turbo tax, Write-off
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February 18, 2009 – 7:36 pm
Tax Changes in the American Recovery and Reinvestment Act
A number of tax law changes were made in the recently passed and signed American Recovery and Reinvestment Act also know as the Federal Stimulus Bill. Those changes include Income Tax reductions, Unemployment taxes, Cobra Health Insurance subsidies, and number of other important changes.
Income Tax Reduction
Individuals and couples will get a $400 income tax reduction through their payroll per person for the 2009 and 2010 tax years. The reduction phases out for individuals that make more than $75,000 or couples earning over $150,000 a year.
Unemployment Tax
Those … Read more at 2009 Taxes
