With home sale prices on the rise again, you may be considering selling your home soon to cash in on a profit. Although most homeowners find that their home-sale profit is tax-free, there are tips you should know to make sure you are getting the most out of your home sale: Profit may be tax-free. The post Selling Your Home? 4 Must Know Tax Tips appeared first on The TurboTax Blog.

Besides donating money, one of the best ways you can support a worthy cause is to volunteer. Many organizations are limited by what they can do because they don’t have the support staff and leaders to help them grow. Through volunteer work, you can lend your expertise or learn a new skill while assisting others. The post Volunteering This Summer? Find Out if Your Work is Tax Deductible appeared f...

Throughout its history, America has been the land of self-made men and women. But, America’s self-employed must contend with a unique burden every April 15: the self-employment tax. Simply being self-employed subjects one to a separate 15.3% tax covering Social Security and Medicare. While W-2 employees “split” this rate with their employers, the IRS views The post How to Avoid Self-Employment Ta...

While teaching is a very noble profession, sometimes it can be difficult and, at times, financially draining. However, the good news is that there are some tax benefits that teachers may qualify for. For all the teachers out there, here are a few benefits that can lighten your financial load. 1. Educator Expense Deduction & The post Tax Breaks for Teachers appeared first on Blog.