Tax Planning

Decoding the 1099-K form for the self-employed

Decoding the 1099-K form for the self-employed

1099-K: the basics Tax season requires some planning and organization for everyone, and that’s especially true when you’re self-employed. In addition to tracking business-related expenses, you’ll likely need to track income streams for multiple clients. Get every dollar you deserve with unlimited tax advice from experts who know self-employment taxes inside out. Whether you’re a …

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Here's how persistently high inflation could affect your tax bracket next year

Here’s how persistently high inflation could affect your tax bracket next year

Jamie Grill | Getty Images As Americans grapple with soaring prices, experts say it’s likely we’ll see higher-than-usual inflation adjustments from the IRS for 2023 – covering tax brackets, 401(k) plan contribution limits and more. Embedded in the tax code, these annual IRS changes aim to prevent what’s known as “bracket creep,” when inflation drives …

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Student Loan Repayment and Income Limits: Here's What Married Couples Need to Know

Student Loan Repayment and Income Limits: Here’s What Married Couples Need to Know

Shape load | E+ | Getty Images When the income cap can confuse married couples However, there may be troubled situations for married couples depending on their income. For example, say one spouse earns $150,000 but the other spouse earns $60,000. They are eligible for a rebate based on their joint income of $210,000. However, …

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