Employment tax tips

Are you self-employed? Here’s how to know what you might be able to deduct from your income and how your status as a self-employed worker affects your tax return.

Did you know that being a member of the military can involve a slew of tax breaks? 

If you are currently serving in the US Armed Forces – the Army, Navy, Air Force, Marines, Coast Guard, and any active reserve unit – you are allowed special tax considerations for certain items and situations.

If you’ve received unemployment benefits, they are generally taxable. Most states do not withhold taxes from unemployment benefits voluntarily, but you can request they withhold taxes at your request.

How does tax reform affect unreimbursed Employee Business Expense deductions?  Employment-related job expenses are not  tax-deductible anymore, meaning workers who spend money for their jobs can't claim them as a tax deduction to get a bigger refund.

Your profession can affect the deductions you're entitled to claim on your taxes. Find out how tax reform changed the most popular deductions by profession, and find out which ones still apply to you.

More people are freelancing than ever before. With the rapid growth of remote work and the gig economy, there’s a good chance you’ll work as a full-time or part-time freelancer in your lifetime.

Did you do additional work as a freelancer or independent contractor?  If you work as a freelancer, independent contractor, for cash, or in a side gig you are considered self-employed and include a Schedule C, Sole Proprietor, on your tax return. 

Tax reform has suspended the deduction for job hunting, moving to a new location for a job, and all job related expenses on your federal return. However, many states are not complying with all the federal changes and still allow some, or all, of your job-related expenses.

Did you lose your job this year? Tax reform has eliminated deductions for a lost job – find out how you’ve been affected.