What is a way to stay accountable to reaching your financial goals? Understanding the different types of goals short-term, mid-term, and long-term goals.

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.

W2 vs W4: W-2 shows your yearly earnings and taxes withheld. W-4 is what you fill out to set your tax withholding when starting a job or if your info changes.

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

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.