Updated for tax year 2022If you frequently drive your car for business purposes, you know how car expenses can quickly add up.And it’s not just the cost of gas, which fortunately has gone down from its high a few years ago. Every time you drive your car, you use oil, weaken your brake pads, clog u...Read more
Mileage Reimbursement Calculator
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Our Mileage Reimbursement Calculator helps to determine the compensation of travel while you are on official business. This amount is calculated as a baseline or minimum by IRS to ensure employees are fairly compensated for their travel expenses.Mileage Reimbursement BasicsIf you frequently drive yo...Read more
What Do New 1099-K Payment App Rules Mean for Taxpayers?
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You may have heard about new tax reporting rules for businesses using third-party payment apps such as PayPal, Cash App, Venmo, etc. This has caused some confusion for app users, but we’re here to help you understand how it will (or won’t) affect your taxes next year.These changes were originall...Read more
Iowa State Tax Due Date for 2023
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Iowa State Tax Filing Deadlines 2023The State of Iowa government has issued the following guidance concerning income tax filing deadlines and extensions:The tax filing due date for 2022 Iowa income tax returns is May 1, 2023.Qualifying taxpayers who file and pay by this date will not be subject to l...Read more
Iowa Tax Brackets and Tax Deductions
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Iowa State Tax Brackets 2023The state of Iowa collects income tax from its residents at the same rate regardless of filing status. Here’s a breakdown of those rates for tax year 2022. Iowa state taxes are due May 1, 2023.For married taxpayers filing jointlyTaxable Income Tax OverBut Not Ov...Read more
How to Check Your Tax Refund Status
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One of the hardest parts about doing your taxes? Waiting for that refund to hit your bank account.If you’re expecting a tax refund this year, here’s how you can check your tax refund status — and when you can expect to have that cash in hand.Ways to check the status of your tax refundThere are...Read more
4 Examples of Form 1099-K Scenarios
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You can receive Form 1099-K for a variety of reasons. How you report the income listed on your 1099-K depends on how you made that income, which can be confusing if you’ve never seen this form before.In late December 2022, the IRS delayed an anticipated change in 1099-K reporting thresholds that w...Read more
What To Do If You Received a 1099-K From Your Crypto Exchange
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If you engaged in crypto trading in 2022, it’s possible you could receive Form 1099-K this year. But what is this form telling you, and what should you do with it? Let’s break it down together.To make virtual currency trading more user-friendly, crypto exchanges (like Coinbase, Gemini, Kraken, e...Read more
How to File Taxes for a New Side Gig
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Start a side gig in 2022? Whether you lost your traditional job or you simply wanted to earn some extra cash, side gigs tend to complicate your tax filing a bit.Over the years, the IRS refined its rules for gig workers. But obviously, the IRS still wants you to pay taxes on any income, whether it is...Read more
Set Your Status to Single: 4 Tax Advantages for Solo Filers
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People often talk about the tax breaks that come with getting married — but that doesn’t mean unmarried people are out of luck when it comes to getting the most back on their taxes.In fact, there are several reasons why a single filing status may come in handy during tax refund season. To celebr...Read more