by Muhammad Taha Farooq | Nov 7, 2024 | Educational, Tax Related, US Taxation
Day 6: Important Tax Forms Knowing which tax forms you’ll need and understanding their purposes is essential for a smooth tax filing process. Today, we’ll guide you through the most common and important tax forms you should be familiar with. W-2 Form Purpose:...
by Muhammad Taha Farooq | Sep 11, 2024 | Educational, Tax Related, US Taxation
Title: Navigating Tax Deductions for Side Hustles **Introduction:** With the rise of the gig economy, many individuals have turned to side hustles to supplement their income. While side hustles can provide financial flexibility, they also come with tax obligations...
by Muhammad Taha Farooq | Aug 20, 2024 | Educational, Tax Related, US Taxation
Title: How to File Taxes as a Freelancer in the U.S. **Introduction:** Freelancing offers flexibility and independence, but it also comes with the responsibility of managing your own taxes. Unlike traditional employees, freelancers must handle self-employment taxes,...