If you’re fed up with how much of your money is going towards taxes, then this list is for you! I’ve compiled 10 of the easiest ways to cut taxes in 2023. 1: Qualified Business Income As a self-employed individual, you have the ability to deduct 20% of your net profit automatically off… Read More
Retirement is an exciting time! But what about taxes? The first couple years of retirement, there will be a transition from earning W2 wages to taking retirement income. It’s taxed differently, especially when you take out Social Security. The first year you receive Social Security you should meet with a tax professional so you understand… Read More
When you’re a 1099 contractor, you have decide how to pay your taxes. The IRS expects you to pre-pay (or pay-as-you-go). Generally you’ll be expected to pay every 3 months. In PA, you have federal, state, local, and possibly a city tax. How do I keep track of my payments? I came up with… Read More