It doesn’t matter if this portion of the fee isn’t technically called a personal property tax on your billing statement. The IRS says that’s exactly what it is regardless—a tax—at least under most circumstances. When you use TurboTax to prepare your taxes, we’ll help you determine which portion of your registration ...
The restaurant must distribute the service charge to the servers, report it as wages, and withhold income and Social Security taxes. Employees receive allocated tips from their employers if the business gets less than 8 percent of gross sales from tips. Visit hrblock.com/halfoff to find the nearest participating office or to make an ...
Dealing with taxes as a rideshare driver can seem intimidating, but it doesn’t have to be. Our previous surveys have shown that 54% of our readers “self-file” their rideshare taxes, and many of them use online filing services to do so. If you’re accepting ride-sharing fares more than occasionally, you may be required ...
If you don’t use a separate phone or phone line while working, you can still claim a percentage of your personal phone expenses as a business deduction. And like all good tax deductions, all you need to do is keep track of those receipts. So whether it’s Uber, Lyft, or another rideshare, any 1099 Form you receive should list all ...
This is because it’s next to impossible for the average investor to predict the best days to sell and the best days to buy. It’s often better to leave the money in the mutual funds and wait for the market to make its rebound. If you have an AGI of up to $75,000 ($150,000 married filing jointly), you could be eligible for the full ...
We also double-check your returns for errors before you file. If you filed the tax return with TurboTax, you can take advantage of our free audit support options. Our Audit Support Center walks you step-by-step through responding to an IRS notice. The notice or letter states the reason it was sent, its purpose, and instructions on how to ...