If your sole proprietorship business brings you about $100,000, you may want to read this article as you may be able to save $4,000 self-employment tax annually! Sole Proprietorships As you may know Sole proprietorship is not a separate legal … Read More
Monthly Archives: September 2016
Who you can claim as your dependent?
Claiming a dependent gives you a valuable tax break in dependency exemption, which works just like a tax deduction. The exemption amount for each dependent is $4,000 for year 2015. It is adjusted each year for inflation, and is also … Read More