Electing S corp status for your LLC can cut your self-employment tax, but only past a certain profit level. Here’s the IRS math, the Form 2553 deadline, and the real costs.
When to Elect S Corp Status for Your LLC (2026 Guide) Read More »
The QBI deduction for freelancers lets self-employed workers deduct up to 20% of net income. See who qualifies, the 2025 thresholds, and the SSTB rule.
QBI Deduction for Freelancers: How the 20% Tax Break Works Read More »
Do you have to pay taxes on Venmo and Cash App money? Here’s the real 2026 1099-K threshold, what’s actually taxable, and what to do if a form is wrong.
Do You Have to Pay Taxes on Venmo and Cash App Money? The 2026 Rule Read More »
The 2026 business mileage deduction is 72.5 cents a mile through June, then 76 cents from July on. Here’s how to calculate and claim it on Schedule C.
Business Mileage Deduction: How to Claim It in 2026 Read More »
Here’s the full list of tax deductions for 1099 contractors, from the home office and mileage to health insurance, plus the 1099 rules that changed for 2026.
Tax Deductions for 1099 Contractors: The Complete 2026 Guide Read More »
1099 vs w2 comes down to control versus security. See the real tax math, the benefits gap, and the new 2026 reporting rules before you pick a side.
1099 vs W2: Which Is Better for You in 2026? Read More »
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