by Naveed Lodhi | Apr 8, 2025 | Saving Money
When you’re living paycheck to paycheck, receiving an unexpected or large medical bill can feel like a financial disaster. In fact, medical debt is one of the leading causes of personal bankruptcy in the U.S. But don’t panic just yet — you don’t have to break the bank...
by Naveed Lodhi | Apr 8, 2025 | Tax Tips & Planning
Curious about which pregnancy-related medical expenses you can deduct on your taxes? From prenatal visits to postpartum care, many costs associated with pregnancy may qualify as tax deductible pregnancy medical expenses. This guide will explain which expenses are...
by Naveed Lodhi | Apr 7, 2025 | Tax Tips & Planning
The information in this article is up to date for tax year 2024 (returns filed in 2025). Form 1040 is the standard IRS form individuals use to file their annual income taxes in the U.S. It allows you to report your income, claim deductions, and determine your tax...
by Naveed Lodhi | Apr 4, 2025 | Tax Tips & Planning
A 1099-K form is sent by payment processors like PayPal or credit card companies to report how much money you received for goods and services. If you get paid through these platforms, this form helps you understand what a 1099-K is and how to report your income to the...
by Naveed Lodhi | Apr 4, 2025 | Tax Tips & Planning
Are car repairs tax deductible? If you’re using your vehicle for business purposes, the answer is yes. This article explains who qualifies, which repairs can be deducted, and how to claim these deductions on your taxes. Key Takeaways Car repair tax deductions are...