If you earn money selling your words to websites and other publishers, the Internal Revenue Service will likely say you’re a small business owner. Freelance income is self-employment income, and so are any royalties you receive for that book you published or self-published. That can be a good thing, because the self-employed are privy to some tax perks that employees don’t usually receive.| turbotax.intuit.com
On July 4, 2025, the legislation known as the "One Big Beautiful Bill" was signed into law and contains significant tax law changes. For more information, see our One Big Beautiful Bill Summary & Tax Changes article. When you enter college, your first thought might not be about taxes. But college students have to file taxes| Blog
To help you uncover tax write offs specific to your business, we created a fun and engaging Self-Employed Tax Deductions Interactive Calculator that will help you uncover self-employed tax deductions to help you save on your taxes whether you are a dog walker or a content creator. Our calculator allows you to select your specific self-employed industry (over 30) and discover what self-employed business tax write offs and expenses you can deduct as a 1099 independent contractor or freelancer ...| Blog
If you were affected by a disaster in 2024, then the IRS might have extended your tax deadline depending on where you live. Find out if your state has a tax deadline extension.| Blog
If you're planning on claiming the EV tax credit for 2025, use this guide to get an overview of the latest EV tax credit changes post-One Big Beautiful Bill.| Blog
Although our tax system can be complex in some situations, it can also be quite straightforward. You are liable for taxes on your taxable income, and how much you owe is based on the kind of income you have. Most income is taxable income, but there is non-taxable income as well. We’ll take a look| Blog
When you sell an asset for more than your adjusted basis, you have to pay capital gains tax. However, there's a big difference between short vs long-term capital gains and how they're taxed. Here's a breakdown of short vs long-term capital gains and how they impact your taxes so you can minimize how much you owe.| turbotax.intuit.com
Taxes on stocks depend on several factors, including how long you held the asset. Use this guide to learn more about taxes on stocks and when they're paid.| Blog
If you are a first-time investor, let me be the first to congratulate you on your smart, long-term move and explain how the taxes on your investments work. Investing for your future and for your retirement is one of the most important things that you can do, but the impact of investing on your taxes| Blog
Prepare and file your taxes with confidence through TurboTax. Have an expert do your taxes or do them yourself. 100% accurate, however you choose to file taxes, guaranteed.| TurboTax
Form 2210 is used to calculate underpaid estimated taxes and penalties for self-employed individuals. Those who didn’t withhold enough from their paycheck may also need this form. Learn more about when the 2210 form is used, how underpayment penalties work, and how to avoid this penalty in the future.| turbotax.intuit.com
Claiming dependents is one of the most effective ways to reduce your taxable income, but there are requirements and restrictions you should know about. To save more on your taxes this year, learn more about claiming dependents, how much money you can save, and who you're allowed to claim as a dependent.| turbotax.intuit.com
The Child Tax Credit (CTC) is a partially refundable credit that provides financial relief for parents with qualifying children under 17. For tax year 2024, the credit can be up to $2,000 per child, with a portion potentially refundable. Eligibility depends on income, filing status, and the child’s age--find out if you qualify.| turbotax.intuit.com
Discover how President Trump's Big Beautiful Bill could affect tax on overtime pay, tips, and other forms of income, but not your 2024 taxes. Learn about the implications of these proposals and what they would mean for you if they were passed.| Blog
Form W-4 is used to figure out how much your employer should withhold in federal income tax from each paycheck. Withholding the correct amount means you’re less likely to experience surprises when you file your taxes, and it can help you avoid overpayments throughout the year. Learn more about Form W-4 and how you can use it to calculate your withholding.| turbotax.intuit.com
State Income taxes, which vary by state, are a percentage of money that you pay to the state government based on the income you make at your job. Here are the details.| turbotax.intuit.com
