Understanding FICA Tax: A Comprehensive Guide

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.

Jun 16, 2024

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Ways To Report 1099-MISC Box 3 Payments on Your 1040 for Tax Year

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.

Apr 04, 2024

A Comprehensive Guide for Capital Gains Tax Exclusion for Primary Residences

Discover the regulations for excluding capital gains tax when you sell your main home and grasp the methods to maximize tax advantages.

Apr 01, 2024