This article provides a comprehensive overview of FICA tax, explaining how it funds Social Security and Medicare, the responsibilities of employers and employees, and exceptions to the tax rules.
Uncover optimal tax planning strategies that can help you reduce your tax burden and enhance your financial matters.
These amounts must be included in "Other Income" on Schedule 1 (IA 1040 form), line 8, to submit 1099-MISC Box 3 payments. Prizes and other things are subject to this regulation.
Discover the regulations for excluding capital gains tax when you sell your main home and grasp the methods to maximize tax advantages.