Most Recent Manage Money News

What is Schedule R, Tax Credit for Elderly or Disabled?

What is Schedule R, Tax Credit for Elderly or Disabled?

Key Takeaways of Schedule R Purpose: Schedule R is used to claim the Credit for the Elderly or the Disabled,...

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Tax Checklist for Closing a Business 

Tax Checklist for Closing a Business 

Key Takeaways:  You must file a final federal income tax return and mark it as “final,” regardless of your business...

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What You Need to Know About State Tax Audits

What You Need to Know About State Tax Audits

Key Takeaways:  State tax audits are conducted by state revenue departments to verify reported income, deductions, and tax payments and...

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Taxes on Social Security Benefits

Taxes on Social Security Benefits

Social Security benefits are a crucial financial lifeline for many retirees. Many taxpayers are often shocked to learn that their...

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Can I Claim the Sales Tax Deduction?

Can I Claim the Sales Tax Deduction?

If you ever itemize your deductions, you might’ve come across the sales tax deduction. This is part of the broader...

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Optima Tax Relief Celebrates 14 Years of Service: A Legacy of Taxpayer Advocacy and Impact

Optima Tax Relief Celebrates 14 Years of Service: A Legacy of Taxpayer Advocacy and Impact

Over 100,000 Tax Problems Resolved, Billions in Debt Serviced, and Millions Saved for Americans in Need Optima Tax Relief proudly celebrates...

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What is the Qualified Business Income Deduction? 

What is the Qualified Business Income Deduction? 

In recent years, the tax landscape for businesses has undergone significant changes. One notable provision is the Qualified Business Income...

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How Freelancers Can Avoid Surprising Tax Bills

How Freelancers Can Avoid Surprising Tax Bills

The allure of freelancing lies in its flexibility and independence, allowing individuals to pursue their passions while managing their own...

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Is Overtime Pay Taxed Under the One Big Beautiful Bill?  

Is Overtime Pay Taxed Under the One Big Beautiful Bill?  

Key Takeaways:  Under the One Big Beautiful Bill, eligible employees can deduct up to $12,500 in overtime pay from their...

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IRS Interest Rates Hold Steady for Q3 2025

IRS Interest Rates Hold Steady for Q3 2025

The IRS has announced its interest rates for the third quarter of 2025, with no changes from the previous quarter....

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