Tax FAQs Archives - Karme

Tax FAQs

January 30, 2024

Steps to work with a tax professional to claim the EITC

Follow these steps to work with a tax professional to claim the credit: 1. Choose a tax preparer Get tips […]
November 30, 2023

Why your business needs a bookkeeper.

How not having one can cost you big! If you are a business owner, you probably have a lot of […]
October 18, 2022

How To Become A Tax Preparer

It’s easier than you think! Tax pros work in a variety of industries as seasonal workers or year-round employees. They […]
October 17, 2022

Super Mario Bros Movie: The Business of nostalgia

No one knows the business of nostalgia better than Hollywood, which continues to prove there’s no business like nostalgia. Netflix’s […]
October 16, 2022

Handful of states debate whether to tax forgiven student loans

A handful of states could still end up taxing President Biden’s recently announced student loan forgiveness of up to $20,000, according […]
October 12, 2022

How To Complete Your Profit And Loss Sheet

What you need to know to fill out your profit and loss sheet like a pro! No matter kind of […]
January 27, 2022

Do you qualify for earned income credit?

To claim the Earned Income Tax Credit (EITC), you must have what qualifies as earned income and meet certain adjusted gross income […]
January 27, 2022

Can I deduct my donations?

Sure! If you plan to claim the standard deduction on your 2021 tax return, you can write off a maximum […]
January 27, 2022

Will Unemployment Be Taxed in 2022

Unemployment was down significantly last year. Still, 25 million Americans filed for unemployment benefits in 2022 The American Rescue Plan Act passed […]