Tax Planning Archives - Affordable Tax Relief https://optimataxrelief.com/blog/tax-planning/ Tax Relief & Resolution - Trust the Experts at Affordable Tax Relief Thu, 14 Aug 2025 17:00:50 +0000 en-US hourly 1 https://wordpress.org/?v=6.8.2 https://optimataxrelief.com/wp-content/uploads/2023/10/cropped-favicon_512-1-1-32x32.png Tax Planning Archives - Affordable Tax Relief https://optimataxrelief.com/blog/tax-planning/ 32 32 Truck Drivers: Over-the-Road Tax Deductions  https://optimataxrelief.com/blog/truck-drivers-over-the-road-deductions/ Fri, 08 Aug 2025 08:00:00 +0000 https://optimataxrelief.com/?p=25528 Life on the road isn’t just demanding. It can be expensive. Between fuel, meals, lodging, maintenance, and regulatory fees, truck drivers often face significant business costs just to keep moving. The good news is that many of these expenses can be deducted from your taxable income, reducing the amount you owe the IRS. This guide […]

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]]> When to File Separately if You’re Married https://optimataxrelief.com/blog/when-to-file-separately-if-youre-married/ Sat, 02 Aug 2025 21:12:54 +0000 https://optimataxrelief.com/?p=11492 Filing taxes as a married couple is a significant financial decision. While the default option for most couples is to file jointly, there are certain situations where filing separately can be beneficial. In this article, we will explore when it makes sense for married couples to consider filing separately and the potential advantages of doing […]

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]]> Do College Students Need to File Taxes?  https://optimataxrelief.com/blog/do-college-students-need-to-file-taxes/ Thu, 31 Jul 2025 08:00:00 +0000 https://optimataxrelief.com/?p=25441 Whether you’re just starting college or returning after years in the workforce, filing taxes can be a new challenge. But one big “first” often catches students by surprise: filing taxes. Do college students need to file taxes? The answer depends on several important factors, including income, dependency status, and eligibility for tax credits. This guide […]

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]]> Taxes on Social Security Benefits https://optimataxrelief.com/blog/taxes-on-social-security-benefits/ Tue, 22 Jul 2025 19:09:07 +0000 https://optimataxrelief.com/?p=10632 Social Security benefits are a crucial financial lifeline for many retirees. Many taxpayers are often shocked to learn that their Social Security benefits can be taxed by the federal government. Taxes on Social Security benefits are dependent on a variety of factors, making it essential for retirees to understand the rules and implications of Social […]

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]]> Saving for College: 529 Plan Tax Benefits https://optimataxrelief.com/blog/saving-for-college-529-plan-tax-benefits/ Thu, 17 Jul 2025 19:40:15 +0000 https://optimataxrelief.com/?p=11150 Saving for education can be overwhelming. However, it can be a little easier with the help of a dedicated education savings account. By starting earlier and saving more efficiently, you can boost your ability to pay for educational costs, whether that’s for your children, a family member, or even yourself. One of the most popular […]

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]]> Estate Tax Considerations for Widows: Do You Owe Taxes on Your Spouse’s Estate?  https://optimataxrelief.com/blog/estate-tax-considerations-for-widows/ Wed, 16 Jul 2025 19:49:34 +0000 https://optimataxrelief.com/?p=24689 Losing a spouse is one of life’s most difficult experiences. Alongside the emotional toll, many surviving spouses also face the stress of handling estate and tax matters. One of the most common questions widows ask is: “Will I owe taxes on my spouse’s estate?” This article will walk you through key estate tax considerations for […]

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]]> What is the SALT Deduction? https://optimataxrelief.com/blog/what-is-the-salt-deduction/ Sun, 13 Jul 2025 22:50:02 +0000 https://optimataxrelief.com/?p=11341 If you’ve never heard of the State and Local Tax (SALT) deduction, you’re not alone. But if you have, you may know that it is a topic that often raises eyebrows and sparks debates. For many taxpayers, the SALT deduction plays a significant role in their financial planning and overall tax liability. This is especially […]

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]]> An Overview of Estate & Inheritance Taxes https://optimataxrelief.com/blog/an-overview-of-estate-and-inheritance-taxes/ Sat, 12 Jul 2025 08:02:00 +0000 https://optimataxrelief.com/?p=10995 Sometimes after a loved one dies, we must deal with grief, funeral planning, and an estate. In some cases, we inherit assets from a deceased loved one. Unfortunately, not much in this life comes for free, and even the things we inherit can cost us. Whether you’re preparing your own estate or inheriting assets from someone else, […]

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]]> How Freelancers Can Avoid Surprising Tax Bills https://optimataxrelief.com/blog/how-freelancers-can-avoid-surprising-tax-bills/ Wed, 09 Jul 2025 20:42:29 +0000 https://optimataxrelief.com/?p=11415 The allure of freelancing lies in its flexibility and independence, allowing individuals to pursue their passions while managing their own time. However, freelancers often find themselves grappling with financial complexities, particularly when it comes to taxes. One of the most dreaded scenarios is receiving an unexpected tax bill. In this article, we’ll explore practical strategies […]

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]]> Is Overtime Pay Taxed Under the One Big Beautiful Bill?   https://optimataxrelief.com/blog/is-overtime-taxed-one-big-beautiful-bill/ Tue, 08 Jul 2025 20:00:00 +0000 https://optimataxrelief.com/?p=23740 Overtime pay is an integral part of many workers’ compensation packages, offering earnings for putting in extra hours beyond the standard workweek. While employees may appreciate the boost to their paychecks, questions often arise about how overtime earnings are taxed, especially after the passage of the One Big Beautiful Bill in July 2025. Understanding the tax […]

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