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Retirement Accounts for Self-Employed People: SEP IRA, Solo 401(k), and SIMPLE IRA Explained
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Taxes After a Spouse or Family Member Dies: A Guide for Surviving Families
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IRS Tax Audit: Why You May Be Audited, What the IRS Can Ask For, and Your Rights
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Can You Go to Jail for Not Paying Taxes? Tax Fraud and Tax Evasion Explained
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When Do You Start Filing Taxes? Age, Income and Dependent Rules Explained
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Tax Extension Deadline: When Is the Tax Filing Extension Due?
Income Tax
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IRS Penalty Relief 2026: New Automatic Exemption From Penalties Explained
The IRS is changing the way certain federal tax penalties are handled in 2026. A new Automatic Exemption from Penalty (AEP) program is being phased in, potentially making it easier for qualifying taxpayers to receive relief from certain penalties without having to contact the IRS and request traditional First Time Abatement. This is an important…
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Corporate Tax Rate in the United States: Federal and State Corporate Tax Rates
Understanding the corporate tax rate in the United States is important for businesses planning their taxes, estimating after-tax profits, and comparing the tax costs of operating in different states. For 2026, the federal corporate income tax rate is 21% for corporations subject to the regular corporate income tax. However, the actual tax burden for a…
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Small Business Tax Deductions: What Can an LLC Write Off as a Business Expense?
Running a small business creates many expenses throughout the year. If you operate an LLC, you may be able to deduct qualifying business expenses when calculating your taxable business income. Understanding LLC tax deductions, small business write-offs, deductible business expenses, and IRS business expense rules can help you avoid missing legitimate deductions while also avoiding…