TurboTax Self-Employed is an online tax filing service that helps entrepreneurs file their taxes in just a few minutes.
As a freelancer or small business owner, you need to account for self-employed taxes in your monthly budget. Tax software like TurboTax Self-Employed is built to help freelancers do just that.
Paying off high-interest debt, beefing up your emergency fund, investing in the stock market, and taking care of some much-needed home renovations or car repairs are some smart ways to spend your tax refund.
As a student, you've got tuition bills and other everyday expenses. Fortunately, you've also got access to different tax credits and deductions that could lower your tax bill — and even lead to a refund.
Just 1 in 10 Americans still choose to itemize their tax deductions. Itemized deductions require more paperwork and record-keeping - but if you had high medical bills, state and local taxes, and sizable interest payments last year, itemizing could save you big bucks on your taxes.
Dozens of tax credits, deductions, and adjustments can reduce your bill or increase your refund, whether you’re paying student loans or saving for retirement.
Things like missing the tax deadline, failing to report all your income, and not taking the right tax breaks are all simple mistakes that can cost you big time when you file your return.
Taxes for freelancers and the self-employed can be complicated. But if you keep careful track of your expenses, you could save a ton of money by deducting things like insurance, equipment, mileage, and even your accountant’s bill from your taxes.
An audit happens when the IRS flags your tax return and reviews it for accuracy. In all, you have about a 0.6% chance of being audited. Things like high income and unusual deductions can increase your risk of getting flagged.
