Retirement account contributions can provide substantial tax benefits while you work towards retirement. For independent contracts, SEP IRAs and Solo 401(k)’s are two of the most popular options. Both options […]
Tag: Tax Planning
Should You Claim Real Estate Professional on Your Taxes?
Real estate professionals come in many varieties, but today I’ll examine a more specific use of the term. The IRS offers a real estate professional designation for certain taxpayers that […]
How Much Should I Set Aside for Taxes
If you’re a self-employed individual or freelancer, taxes won’t be removed before you receive your paychecks, which means that you’ll owe the IRS. You must save money during the year […]