Taxes Archives - Oddball Wealth

Blogging, Business & Entrepreneurship, Taxes, TopicsBy Tyler DeBroux3 comments

36 Tax Deductions for Bloggers

Tax season is upon us and if you haven’t done so already, it’s time to gather up all your documents and receipts from the past year and get organized so you can maximize your tax return. Since I’m a blogger, I’ve began preparing any expenses I may have occurred from my blog last year and deduct them on my taxes. While I was preparing my expenses and gathering together other tax documents, I started putting together a list of possible tax deductions for bloggers. To maximize […]

Business & Entrepreneurship, Investing, Personal Finance, Real Estate Investing, TaxesBy Tyler DeBroux0 comments

1031 Exchanges: Six Things You Need to Know

1031 exchanges are becoming ever so popular and can have a huge impact on your business or investments in regard to profitability and avoiding big tax bills. What is a 1031 Exchange? A 1031 exchange is the sale of one investment property and the purchase of another while deferring any taxes on your sale. If you’re considering doing a 1031 exchange (and you should) there are Six Rules You Need to Follow: Rule One: Real Estate Must Be Held for at Least One-Year and One-Day […]

Personal Finance, TaxesBy Tyler DeBroux17 comments

Best 3 Tax Preparation Services to File Taxes for Free

Updated: February 7, 2016 Doing your taxes by hand can be confusing and trying to figure out which forms to use and what tax credits you’re eligible for can be a real struggle. One alternative is to physically go to a tax professional and have them prepare your taxes for you, but this method is usually expensive. Another option is to prepare your taxes using tax preparation software, which is an easy and affordable way to accurately do your taxes and get a guaranteed maximum tax refund. By using tax […]

Personal Finance, TaxesBy Tyler DeBroux3 comments

The Creation of the Income Tax and the Robin Hood Theory

Did you know that at one time the United States never had an income tax and only levied a tax in order to fund a war? If fact, the only reason a federal income tax ever became instated was because of what was considered a Robin Hood theory, which was to take from the rich and give to the poor. The Robin Hood Theory The income tax at the federal level was passed in the United States in 1913 and eventually became instated as the […]

Personal Finance, TaxesBy Tyler DeBroux8 comments

Tax Preparation – Last Minute Tax Deductions

If you’re like me you put off filing your taxes to the last minute every year. This year, like every year, the tax laws change. A few of the changes are important to be aware of. Some changes, like the Affordable Care Act, will affect everybody. You also may have noticed that it’s more difficult to get through to the IRS this year if you’re trying to contact them to have questions answered. This is because of budget constraints, resulting in the IRS only being able to […]