Self employed tax credit lowers your actual tax bill not just your income. If you owe $3,000 and get a $1,200 credit, you now owe $1,800.

Form 1040 is the main form used by individuals in the U.S. to file their income taxes. Form 1099 is a document you receive, not something you fill out. It’s used to show income.

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.

What does an accountant do. In simple terms, an accountant helps you manage, understand, and make smarter decisions about your money.

You fill out a W-4 to tell your employer how much tax to withhold from your paycheck. You receive a W-2 at the end of the year showing how much you earned and how much tax was actually withheld.

Tax planning is financial planning. It’s all about managing your finances to reduce your tax bill. You’re not overpaying or missing deductions or credits.

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

The best tax accountants in Tampa are professionals who understand federal and Florida tax rules, explain things clearly, stay available year-round

Corporate tax planning means using legal tax strategies to reduce how much tax your company owes. It involves reviewing your income, expenses, business structure