Author: Teresa Zuniga

For high income earners, reducing taxes is often a top priority. And in this guide, we will discuss how to reduce taxes for high income earners. However, with complex tax laws and regulations, it can be challenging to navigate the system and take advantage of all available tax breaks. Fortunately, there are several effective strategies… Continue reading How To Reduce Taxes for High Income Earners

As the saying goes, there are two certainties in life – death and taxes. And while passive income may seem like a welcome break from the daily grind of work and business activities, it’s essential to understand that it’s not a tax-free zone. That’s right, even if you’re earning money passively through investments, rental properties,… Continue reading Do You Pay Taxes On Passive Income

Are you aware that in addition to federal and state income tax, you may also be subject to a municipal income tax? That’s right, your city or town may impose its own income tax on residents and non-residents who work within its jurisdiction. But what is municipal income tax? Municipal income tax can be complex… Continue reading What Is Municipal Income Tax

Are you wondering how to find individual income on joint tax return? Filing taxes jointly as a married couple can be beneficial in many ways, but it can also be confusing to decipher each individual’s income. In this age of DIY taxes, it’s important to understand how to identify and calculate individual income on a… Continue reading How To Find Individual Income On Joint Tax Return

Are you a caregiver under the In-Home Supportive Services (IHSS) program and wondering do I have to pay taxes on IHSS income? As a caregiver, you provide essential services to individuals with disabilities or the elderly who require support to remain in their homes. But when tax season rolls around, it’s important to know whether… Continue reading Do I Have to Pay Taxes On IHSS Income

Are you tired of wondering where your hard-earned money is going? Do you dread that time of year when you have to file your taxes? Well, it’s time to face the facts: income taxes are an unavoidable part of being a working adult. But what are income taxes payable, and how do they affect your… Continue reading What Are Income Taxes Payable

If you are looking for the answer to what are deferred income taxes, you are in the right place. Deferred income taxes are taxes that are payable in the future because of temporary differences between book and tax accounting methods. In other words, deferred income taxes arise when a company reports different amounts of income… Continue reading What Are Deferred Income Taxes

Are you an Upwork freelancer wondering how to report your income on taxes? With the rise of the gig economy, many people are earning income through platforms like Upwork, but navigating the tax implications can be daunting. Properly reporting your Upwork income on your taxes is crucial to avoid penalties and ensure compliance with tax… Continue reading How to Report Upwork Income On Taxes