Always Ask These Three Questions Before Paying a Medical Bill
Unless you’re remarkably lucky, if you live long enough in the U.S., you’re eventually going to be hit with a medical bill so large it will make your jaw drop.…
What Freelancers Can Write Off on Their Taxes in 2023
Photo: puhhha (Shutterstock) When you are self-employed or freelance outside of your day job, there are additional taxes you need to navigate. While this sounds like (and often is) a…
Stop Donating at the Cash Register, Already
Photo: Gorodenkoff (Shutterstock) Whether you shop primarily online or in person, you’ve likely been asked to make a donation to some kind of charitable organization as you’re checking out. Sometimes…
How Inflation Might Help Lower Your Taxes in 2023
Photo: fizkes (Shutterstock) On Tuesday, the IRS announced several adjustments for the 2023 tax year to account for the impact of inflation. For many taxpayers, the changes could lead to…
How Charitable Donations Can Earn You an Added Tax Deduction This Year
Photo: Dean Drobot (Shutterstock) If you’re like 87% of tax filers that take the standard deduction, you probably don’t think much about deducting charity donations. However, a provision in last…
How You Can Deduct Masks as a Medical Expense on Your Taxes
Photo: Canarsie High School (Shutterstock) The IRS recently clarified that personal protective equipment like face masks, hand sanitizer, and disinfecting wipes can now be deducted as medical expenses—and the tax…
Check-Out Donations Aren’t a Scam, Actually
Photo: Robert Kneschke (Shutterstock) It’s one of those grocery store formalities that many shoppers ignore: When you’re checking out, you’re sometimes asked if you’d like to donate to a charity…
You Can Use Both the Standard and Charitable Contribution Deductions This Year
Photo: Vladimir Sukhachev (Shutterstock) Tax WeekTax WeekWith tax-filing season upon us, Two Cents is donning the green eyeshades and focusing on stories which will help you navigate tax preparation and…
When to Hire Someone to Do Your Taxes
Photo: fizkes (Shutterstock) Tax WeekTax WeekWith tax-filing season upon us, Two Cents is donning the green eyeshades and focusing on stories which will help you navigate tax preparation and make…