Simple explanations of personal finance, investing, and money.
For small businesses and large employers alike, the Work Opportunity Tax Credit (WOTC) can meaningfully lower payroll tax bills while helping hire from groups that face barriers to employment. This guide walks through eligibility,...
Getting a letter from the IRS can be unsettling, but most notices are routine communications that can be resolved without panic. Whether you received a CP2000 proposing changes to your return, a notice about...
Choosing between the standard deduction and itemizing can feel like a math test with real money on the line. The right decision can reduce taxable income substantially; the wrong one means leaving tax savings...
The Earned Income Tax Credit (EITC) is one of the most powerful tools in the U.S. tax code for boosting income for low- and moderate-income workers and families. Despite its name, it’s less widely...