Taxes

April 25, 2024
Understanding the Self-Employment Tax Implications for Family Caregivers

Are you providing regular care to a family member or friend? If you’re receiving compensation for your services, it’s important to track your income. Caregiving, even for a loved one, could be considered self-employment and change how you file your taxes. There are different scenarios in caregiving situations that will determine if you, as a…

April 23, 2024
Self-Employment Taxes: What You Need to Know and How to Stay on Top of Them with Confidence

Being your own boss comes with many benefits, like greater flexibility, freedom, and control over your work. However, when it comes to taxes, being self-employed can feel like a whole new ballgame. Navigating the process of self-employment taxes, including what they are, who needs to pay them, and when they’re due, can be tricky and…

February 22, 2024
Home Energy Tax Credits and Rebates That Can Save You Money

Did you know the IRS offers credits and rebates for improving the energy efficiency of your home? That means you could reduce the income tax you owe and maybe even qualify for a 50-100% rebate for energy-efficient improvements to your home. Residential Clean Energy Credit What expenses qualify? Expenses that may qualify include central air…

February 19, 2024
2024 Tax Time Guide

This tax season, we want to make sure you receive every dollar you deserve. That’s why we’re sharing tax filing resources that are 100% FREE. Browse our guide to master tax time and make it your bonus season. Pro Tip: Bookmark this guide and check ...

March 25, 2024
Decoding the IRS’s New Direct File Pilot Program — What it could mean for you

We know from talking to SaverLife members that the tax filing process could be improved, particularly by including more free filing options for simple returns. That’s why we’re encouraged by the recent announcement from the IRS that it just launche...