Archives

Here how it works. If you are a business owner operating as Sole Proprietorship and make about $60,000 a year, you pay self employment tax and regular income tax. As a business expense, you can deduct half of that self employment tax. This is a simple calculation.

Self employed tax deductions have always been the "saving grace" for years of tax hikes aimed at them. What would happen to America's economy if hundreds of thousands of small business owners weren't allowed those deductions anymore?

Federal income tax returns do not have to be as difficult as they may seem since there are many helpful resources to aid you in doing your taxes. The following will provide some places to look in order to find help with federal tax returns.

Taking care of your taxes can be pretty stressful. Here are a few tips on making it less stressing, and a few links to help you file and get organized to tackle the tax monster.