taxes

With employees across the county now unexpectedly working from home, life is suddenly much different and it raises many questions. From how to stay productive in a house full of distractions, to the best way to set up a makeshift home office, you may be learning on the fly how to navigate these uncharted waters.

One topic that has come up is whether new remote workers will have any basis for taking a home office deduction on their tax returns. The answer is… it depends. [Read more…] about IRS Home Office Rules: What Counts During the Coronavirus Pandemic

The American tax system is complex. It’s also ineffective: our tax rates are high, yet our budget deficit is even higher. Add to that the failing state of many school systems, infrastructure, and health care accessibility in our country, and the whole question becomes even messier.

Also, how and why has the American tax code grown to 74,608-pages long? Even Certified Public Accountants can’t stay up-to-date with the ever-growing code requirements.

So what gives? What is wrong with the American tax system and how does it disproportionately tax the middle class? [Read more…] about What is Wrong With the American Tax System for the Middle Class?

Are you trying to find concrete examples of tax deduction examples? Do taxes make your head spin? You’re not alone in your confusion. Research shows that a staggering 52% of Americans find the tax-filing process frustrating and stressful.

As the adage goes, death and taxes are the only two certainties in this life. While most of us know the strategies associated with prolonging our lives (eating well, building sustainable friendships, moving our bodies regularly), many people flounder when it comes to managing their taxes. [Read more…] about Top 6 Tax Deduction Examples You Probably Didn’t Know About