Lucky 7? What the IRS Increase in the Standard Deduction and Other Tax Thresholds Means for Those Who are Self-Employed

| IRS, Tax Brackets, taxes | No Comments
The Internal Revenue Service recently announced the most significant increase in retirement contribution and standard deduction thresholds in the past several decades. The higher limits will apply for the 2023…

It’s the Final Countdown for Extended Freelance Tax Returns Don’t Miss It the October 17 Deadline!

| penalty, tax extension, taxes | No Comments
Did you run short of time last April when the regular tax filing deadline came? Hopefully, it was a rare occurrence and you took the smart step of filing an…

Serious About Scaling with Crypto? The New Infrastructure Bill Shows the IRS is Serious About It, Too.

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Given that the new infrastructure bill mainly allocates funding for public works projects, you may not be aware that the bill also puts in place new reporting requirements for individuals…

Looking for Year-End Deductions to Reduce Your 2021 Freelance Taxes? The 2021 Charitable Gift Deduction May Help—Even If You Don’t Itemize!

| freelance taxes | No Comments
It’s a great feeling to be able to help others—and it’s even better if you get some added benefit, too. This is the kind of win-win situation that The Taxpayer…