Midas Staff Writer

Tax Tips for New Parents – An Introductory Guide

Hey there, new parents! As if changing diapers and managing sleep schedules weren’t enough, now you have to think about taxes too? Don’t worry; I’ve got your back. Let’s dive into the world of tax breaks and deductions specifically designed to make your life a little easier. First things first, let’s talk about the essentials: …

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Avoid Crypto Calamities This Tax Season: What You Need to Know about Digital Assets

All right, folks, let’s talk about something that’s becoming increasingly relevant in today’s digital age – taxes on digital assets. Yup, you heard it right. If you’ve dipped your toes into the world of cryptocurrencies, virtual currencies, or non-fungible tokens (NFTs), then you might be scratching your head come tax season. But fear not, because …

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It’s Not Too Late to Direct File (If You Live in These 12 States)

Tax season just got a whole lot smoother for eligible taxpayers in 12 states, thanks to the IRS’s new initiative: Direct File. This program allows taxpayers to file their federal taxes directly with the IRS online, at no cost. Direct File has been in a testing phase for several weeks, receiving positive feedback from early …

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Did you get a 1099-K this year? It’ll be O(1099)K!

So, you’ve received a Form 1099-K in the mail and you’re scratching your head, wondering what to do next? Don’t sweat it, we’ve got you covered. First off, let’s break it down. If you were hustling in 2023, selling goods or services and raking in those payments through payment apps, online marketplaces, or credit/debit cards, …

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Time is Running Out: Don’t Miss Out on Your Recovery Rebate Credit

If you’re one of the many who might be eligible for the COVID-era Recovery Rebate Credit in 2020 but haven’t yet filed a tax return, listen up because time is ticking away. The Internal Revenue Service (IRS) is reminding all eligible individuals to act fast and claim their money before the looming May 17 deadline …

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Your Tax Time Guide Has Arrived!

Greetings, readers! Welcome to the 2024 Tax Time Guide, your go-to resource for navigating the ins and outs of tax season with confidence and ease. As the tax filing frenzy ramps up, the Internal Revenue Service (IRS) has once again launched its Tax Time Guide series, aimed at providing taxpayers – from novices to seasoned …

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Tax Relief for Military Members and Their Families: Your Guide to Free Assistance

Tax season can be stressful, but for military members and their families, there’s some good news – you may be eligible for free tax help! Whether you’re stationed domestically or overseas, navigating the tax system can be made easier with programs like MilTax, IRS Free File, and more. Let’s dive into how you can take …

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Farmers and Fishers need to Tackle Taxes by March 1st

Hey there, farmers and fishers! It’s tax season again, and the Internal Revenue Service (IRS) wants to make sure you’re in the loop about an important deadline coming up on Friday, March 1, 2024. If you’re one of those who decided to skip making estimated tax payments by January, this reminder is especially for you. …

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