August 22, 2025August 22, 2025NewsLiezel comendadorNo Comments

New tax benefits on hold. You’ll get them in 2026 filing

The One Big Beautiful Bill Act, signed into law on July 4, 2025, brought several changes taking immediate effect this year. With that, you may have also been expecting an instant bigger take-home pay. But no, your paycheck’s not going…

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July 17, 2025July 17, 2025NewsLiezel comendadorNo Comments

One Big Beautiful Bill Act (OBBB) is now law. Two TCJA tax breaks revived!

On July 4, 2025, President Trump's "One Big Beautiful Bill Act" (OBBB) was officially signed into law. This new legislation particularly restores two major tax benefits from the Tax Cuts and Jobs Act (TCJA), both now made permanent. These tax…

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June 27, 2025June 27, 2025GeneralLiezel comendadorNo Comments

Long Term Care Tax: Your Tax Benefits Explained

With medicinal and healthcare advancements come longer life expectancy, but it also implies the pressing need to get a long-term care insurance policy. We need to face reality: long-term care expenses can quickly deplete our savings, plus taxes. Yes, your policy…

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June 26, 2025June 26, 2025GeneralLiezel comendadorNo Comments

2025 Tax Refund Schedule Too Delayed? How to Track

Tax season 2025 for filing ended on April 15. But assuming you filed your tax returns on time and did not apply for October extension, your refund is now well past the standard tax refund schedule that we know. Most…

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June 4, 2025June 4, 2025GuideLiezel comendadorNo Comments

Self Employment Tax Instructions: A Complete Guide

Earning money on your own terms initially feels freeing, until you have to deal with taxes. Unlike employees who are subject to payroll taxes, you are responsible for your taxes when you are self-employed. Many new freelancers, contractors, and small…

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May 23, 2025May 23, 2025GuideLiezel comendadorNo Comments

What Is Income Tax Payable? [Business Tax Accounting]

Income tax payable is just one of the jargons that every business encounters in their financial accounting. Small businesses often struggle to understand whether it is a ‘liability’ or an ‘expense.’ What is income tax payable, how to calculate, and…

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May 15, 2025May 15, 2025GuideLiezel comendadorNo Comments

How to Fill Out W4, Employee’s Withholding Certificate

How you fill out your form W-4 determines how much federal income tax is withheld from your paycheck. There are nuances how to fill out W4, whether you want a bigger take-home pay or a tax refund. It depends on…

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April 16, 2025May 15, 2025NewsLiezel comendadorNo Comments

What to do if you missed the FBAR deadline

Last April 15, you would have reported your foreign accounts to the U.S. government, alongside your tax returns. This applies to you, whether you are based in the US or are a US expat, if you hold financial interest or…

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April 10, 2025May 15, 2025NewsLiezel comendadorNo Comments

Reminder to make your IRA and HSA contributions for 2024

April 15 is not just Tax Day. It’s also the deadline for most individual retirement accounts (IRAS) contributions, including traditional and Roth IRAs. You can still catch up contributing to your IRAs and HSAs a couple of days from now. …

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March 18, 2025April 15, 2025Personal TaxLiezel comendadorNo Comments

US Tax Brackets 2024/25 and Federal Income Tax Rates

The US tax filing season started in the last week of January. As you file your 2024 income this year, you need to learn the US tax brackets 2024/25, especially where you fall in and other filing essentials, to get…

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