Do you travel for business as a business owner or self-employed professional? We hope you are tracking your expenses! First, you must be aware of your tax city, this is the primary area where you live and conduct business. If you have to travel outside of this general area for a business purpose, there …
Making The Most Out Of Your Travel Business Trips Read More »
There can often be many misconceptions and misinformation when it comes to the military and taxes. We wanted to cover three frequently asked questions we get and how to handle them when working on your 2020 tax return. I am in the military, do I have to pay taxes? Yes, you are required to …
If you are a nurse who worked through the pandemic in 2020, first off, we wanted to pass along our thanks and gratitude from the entire IOOGO team. We know this year wasn’t easy but we hope we can make filing taxes a little less daunting. We’ll walk through what you need to know about …
Are you a teacher getting ready to file 2020 taxes? The average teacher spends nearly $500 of their personal money each year on classroom supplies, which means you are likely eligible for the educator expenses tax deduction. First off, we want to explain that this is not a true deduction, but an income adjustment. …
Teacher Taxes: How Does The Educator Expense Tax Deduction Work? Read More »
How Parents Can Save Money On Taxes Parents, did you know there are several tax credits, deductions and adjustments that you should be aware of? Whether you are a first-time parent or you’re looking to brush up on your tax knowledge, this one’s for you. Claiming Your Child As A Dependent Most of …
The Earned Income Tax Credit, EITC or EIC, is a benefit for working people with low to moderate income. The credit reduces the amount of tax you owe and may give you a refund. To qualify, you must meet the following criteria: 1. You, your spouse (if applicable), and all listed qualifying children must have social security numbers;2. …
What is the Earned Income Credit and how much can you get back? Read More »