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Can You Claim Gas On Your Taxes
Tax News

Can You Claim Gas On Your Taxes?

Are you a self-employed individual who occasionally employs your vehicle for business? If that’s the case, car expenses such as auto insurance, maintenance, and yes, gasoline, maybe a significant source of tax savings for you. If you use your car for business, you may deduct the gas used as long

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Can I File My State Taxes Before My Federal Taxes
Tax News

Can I File My State Taxes Before My Federal Taxes?

If you’re wondering whether you can file your state taxes before your federal taxes, the answer is generally no. State tax returns are usually due after federal tax returns, so it’s best to wait to file your state taxes until you’ve already filed your federal taxes. However, there may be

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Are Insurance Claim Checks Taxable Income?
Tax News

Are Insurance Claim Checks Taxable Income?

If you receive an insurance payment, you may also have tax issues. Although the IRS generally does not consider compensation on claims to be income, under certain circumstances you may be required to disclose them. It is dependent on the percentage of your real losses that the insurance payout represents

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