Individualtaxes, Tax Credits, Tax Planning
7 Essentials: Child and Dependent Care Credit 2025 The Child and Dependent Care Credit 2025 helps working parents and caregivers offset childcare costs so they can work or look for work. Understanding who qualifies, which dependent care expenses count, and how to file...
Business taxes, Side Hustle, Tax Planning, Uncategorized
Form 1099-K vs. 1099-NEC: What Side Hustlers Need to File in 2025 If you run a side hustle in 2025, understanding Form 1099-K vs. 1099-NEC is essential for accurate tax reporting. These two IRS forms often cause confusion for freelancers, gig workers, and online...
Tax Planning, Business taxes, Side Hustle
How to Report Side Hustle Income (Even If You Didn’t Get a 1099) If you run a side hustle, you must report side hustle income to the IRS — even if no one sent you a Form 1099. Whether you’re freelancing, driving rideshare, selling online, or doing gig work, all side...
Individual taxes, Tax Planning, Tax Policy Updates
No Tax on Tips Act (2025–2028): What Service Workers Need to Know Focus Keyword: No Tax on Tips Act The No Tax on Tips Act, signed into law in 2025, offers a groundbreaking tax break for tipped workers. Under this temporary provision, eligible service employees can...
Business taxes, Individual taxes, Side Hustle, Tax Planning
Understanding Side Hustle Taxes: What Every Hustler Must Know If you’re freelancing, driving rideshare, designing logos, or monetizing content online—you’re part of the growing gig economy. But here’s the reality: side hustle income is taxable. The IRS...
