What Is the Average Tax Return for a Single Person?

What Is the Average Tax Return for a Single Person?

Sure, being single and filing your individual tax return may not net as much as a couple with dependents, but single people have ways to capitalize on a higher tax return. It may seem like Uncle Sam has all the odds stacked against a single person unless they’re the owner of a major corporation. However, contributions to your local church can give single people filing a return a tax break. A free tax calculator will help you estimate your individual 1040, W-99, and more. Your individual taxes will increase the more money you began to earn from your employment.  Continue reading “What Is the Average Tax Return for a Single Person?”

Advertisements

What’s the Difference Between a 1099-MISC and 1099-K?

What’s the Difference Between a 1099-MISC and 1099-K?

Taxes can be difficult to understand even when you’re just filing basic taxes. But when it comes to freelance and contractor work, it can get really confusing. When tax season comes for those of us who need to file different forms, questions that flying.

Continue reading “What’s the Difference Between a 1099-MISC and 1099-K?”

What is the Age Tax?

What is the Age Tax

Although the American Health Care Act designed to repeal and replace the Affordable Care Act or “Obamacare” did not get enough votes to pass to the next stage to become a healthcare reform law, it did provide Americans details about potential future reforms. Many political experts agree that any Republican plans to appeal and replace the ACA will include a provision that critics have called an “age tax.” Continue reading “What is the Age Tax?”