What is a tax credit? Tax credit helps you pay less tax. If you owe $2,000 in taxes and you have a $1,000 tax credit, you now only need to pay $1,000.

Yes, you can claim some of the cost of your phone if you’re using it for work. But that doesn’t mean you can write off your entire phone bill.

Federal tax ID number formally called an Employer Identification Number (EIN) is a unique nine-digit number the IRS gives to businesses. This number identify your business for tax purposes.

IRS Refund Schedules and Tracking for the 2025 Tax Filing Season. The IRS offers two official ways to check. You can check Where's My Refund? Check or download the IRS2Go app

What medical expenses are not tax deductible. Deduct qualified medical expenses that are more than 7.5% of your (AGI). if you earned $50,000 last year, the first $3,750 of medical bills won’t count

To qualify, you need to meet head-of-household requirements: you must be unmarried, You Must Pay More Than Half the Household Costs, and You Must Have a Qualifying Person Living With You

How to find a best accountant near you. Finding a tax accountant you can trust someone who explains things clearly, charges fairly, and doesn’t disappear after April.

What documents do I need to file my LLC taxes. The main tax form for multi-member LLCs is Form 1065. you’ll need to generate a Schedule K-1 for each member of the LLC.

In the federal tax brackets 2025, the tax rates themselves have remained the same as in recent years still at 10%, 12%, 22%, 24%, 32%, 35%, and 37%.

Tax brackets 2025: There are slight increases in the income ranges for each bracket compared to 2024. In 2025, income tax rates depending on how much you earn and your filing status.