Learn how non-taxable sick pay on a W-2 works, from why certain disability benefits are excluded to payroll tax treatment and fixing reporting mistakes.
Learn how Section 168 vs 179 depreciation works, from how each deduction applies and interacts to vehicle-specific rules and state conformity concerns.
Learn how Keogh plans are tax deductible for the self-employed, from contribution limits and claiming the write-off to deadlines and later tax treatment.
Learn how married filing separately affects spouse debt, from what it shields on the tax side to where state law and joint obligations leave you exposed.
Learn how IRS rules on restricted donations for nonprofits work, from tracking and reporting duties to misuse penalties and donor deduction requirements.
Learn how charitable remainder trusts avoid capital gains tax, from the trust's exempt sale of appreciated assets to how gains reach you through distributions.
Learn how taxes on collectibles work, from figuring gains and deductible losses through inheritance and IRA rules to donation strategies and reporting.
Learn how OASDI fits into federal withholding, from the way each tax shows up on your paycheck and W-2 to why keeping them separate matters at tax time.