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IRS Audit Triggers: What Puts Your Return at Risk Filing a tax return can feel stressful, especially with the fear of an IRS audit looming in the background. While most tax returns are processed without issue, certain IRS audit triggers can increase the likelihood that your return will be reviewed. Understanding these red flags—and how...

How to Claim Medical Expense Deductions Medical expenses can place a heavy financial burden on individuals and families. Fortunately, U.S. tax law allows eligible taxpayers to deduct certain medical and dental expenses, which can help reduce taxable income. Understanding how medical expense deductions work—and how to claim them correctly—can lead to meaningful tax savings. This...

Side Hustle Taxes Explained: Federal Tax Rules Every Gig Worker Should Know     Starting a side hustle—whether freelancing, consulting, selling online, or driving for a gig platform—can be a powerful way to increase income. But with that extra income comes important federal tax responsibilities. Understanding how the IRS treats side hustle income can help...

Innocent Spouse Relief: How to Avoid Paying Your Spouse’s Tax Debt     When you file a joint federal income tax return, both you and your spouse are generally responsible for the entire tax liability. This rule—known as joint and several liability—allows the IRS to collect the full amount of tax, penalties, and interest from...

Smart Withholding Tips to Skip Big Tax Bills   Paying taxes shouldn’t be a surprise — yet many taxpayers wake up each spring to a big tax bill. The key to avoiding that shock? Smart tax withholding and proactive planning throughout the year. Why Withholding Matters The U.S. tax system is a pay‑as‑you‑go system, meaning...

Handling IRS Letters Without Getting Overwhelmed Receiving a letter from the IRS can be stressful, even for individuals who are generally organized with their taxes. Many taxpayers immediately worry that they owe more than expected or are under investigation. The good news is that not all IRS correspondence signals a serious problem. Understanding how to...

Tax Considerations When Selling Property Selling property—whether it’s your primary residence or an investment property—can have significant tax consequences. Understanding the tax laws that apply can help you minimize your tax liability and avoid costly surprises. This guide outlines the key tax considerations when selling property, based on U.S. federal tax law. Capital Gains Tax...

  Understanding the Alternative Minimum Tax in 2025 The Alternative Minimum Tax (AMT) continues to be an important consideration for taxpayers in 2025, especially high-income earners, investors, and those with complex deductions. While recent tax reforms have reduced the number of people affected, the AMT has not disappeared—and understanding how it works can help you...

Gift Tax Rules Every Parent Should Know for 2025 As a parent, giving gifts to your children or loved ones is a meaningful way to provide support and pass on wealth. However, in the United States, gift-giving is subject to federal tax rules that can impact how much you can give tax-free. Understanding the 2025...

IRS Fines Explained: Tips to Lower Your Risk Paying taxes can be stressful, but the consequences of missteps can be even worse. IRS fines and penalties can quickly add up if you miss deadlines, underreport income, or make errors on your tax return. Understanding these penalties and knowing how to minimize your risk is key...