taxable income | maryhudgenspllc

MMH CPA

Mar 52 min read

Is Your Tax Refund Now a Bill?

If you're anticipating a tax refund this year but end up owing money instead, here are some of the likely reasons.

MMH CPA

Dec 26, 20232 min read

A Tip to Avoid Late Tax Payment Penalties

Here's a simple idea to avoid late payment penalties if you miss a quarterly estimated tax payment (form 1040 ES).

MMH CPA

Jan 9, 20231 min read

1099-K Reporting Change Delayed

Here is what you need to know about the late-breaking, end-of-year change for 1099-K reporting for the 2022 tax year.

MMH CPA

Aug 1, 20222 min read

Understanding Tax Credits Versus Deductions

Tax credits are valuable tools to help cut your tax bill, but figuring out how to use these credits on your tax return can be complicated.

MMH CPA

Feb 28, 20222 min read

Debt: Gone But Not Forgotten by the IRS

Are your forgiven debts considered taxable income? Learn about the most common debt cancellation situations.

MMH CPA

Feb 14, 20223 min read

Cryptocurrency: The IRS is Watching

Cryptocurrency often flew under the radar as digital assets started going mainstream, but the IRS is now paying much closer attention.

MMH CPA

Sep 6, 20213 min read

9 States with No Income Tax still have Local Taxes

There are 9 states with no individual state income tax. Learn what other taxes these states collect in lieu of taxing income.

MMH CPA

Jun 7, 20212 min read

The Hidden Tax Consequences of Cryptocurrency

All virtual currency transactions can have tax implications. Be prepared for some of the unforeseen tax consequences of cryptocurrency.

MMH CPA

Mar 29, 20212 min read

Social Security Changes for 2021

The Social Security Administration announced their 2021 Cost-of-Living Adjustment (COLA) changes. Here is what you need to know.

MMH CPA

Mar 22, 20212 min read

Tax Break for Unemployment Compensation

While details are still being decided, those who received unemployment benefits in 2020 are in for a welcome surprise.

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