Find answers to your tax questions, connect with a helpful community, and get the support you need to resolve tax issues quickly and confidently.
Contributed by: KelliP, FreeTaxUSA Agent, Tax Pro Owning a business and understanding which expenses are deductible can be overwhelming. When you’re self-employed, business related meal expenses are typically deducted and reported on Schedule C, Profit or Loss from Business (Sole Proprietorship) Most meal expenses are…
FreeTaxUSA has launched a simple-to-use tool to estimate your refund or tax due. The FreeTaxUSA income tax calculator gives you a quick estimate. When you’re ready, start your free federal return with FreeTaxUSA to turn that estimate into an actual tax return based on your full tax information. For the most accurate…
Contributed by: AnthonyS, FreeTaxUSA , Pro Support It's already April, and you haven't had time to prepare your tax return. Maybe you're still waiting on important tax documents, or life simply got in the way. If you're wondering, "What happens if I don't file by the deadline?" you're not alone. This is a common situation…
Contributed by: MatthewD, FreeTaxUSA Agent, Tax Pro Selling a business is a rare occurrence, and most small business owners won’t have to deal with the situation; however, it does happen. In this article we’ll discuss the steps to take and how to report the sale of a business on your tax return in FreeTaxUSA. When you sell…
Contributed by: AnthonyS, FreeTaxUSA Agent, Tax Pro It's tax time, and you discover you contributed too much to your traditional IRA. While this might seem intimidating at first, it's usually a simple issue to fix if you catch it before the tax filing deadline. What is an excess contribution? An excess contribution occurs…