When Should I Hire 1099 Contractors vs. W-2 Employees?
As a business owner, choosing what type of staff to hire has significant implications for your business. Before you begin…
TaxAct Blog: Explore All Articles
7 Commonly Asked Small Business Tax Questions
Updated for tax year 2025. New to small business taxes and all they entail? In this article, we’ll cover some…
How to Tell If You Are Self-Employed
Updated for tax year 2025. If you’re a freelancer, it’s critical to know whether you’re self-employed or an employee, as…
How to File Taxes for a New Side Gig
Updated for tax year 2025. Did you start a side gig recently? Whether you lost your traditional job or you…
What Is the QBI Deduction and How Does it Work?
Updated for tax year 2025. You may qualify for the qualified business income deduction (QBI deduction) if you’re filing taxes as…
Bonus Depreciation: What It Is and How to Claim It
Being a small business owner can come with valuable tax breaks, but sometimes, navigating the complexity of small business taxes…
7 Creative Ways to Make Extra Money With Passive Income
For many people, passive income sounds like the dream. After all, who doesn’t want to earn extra income on autopilot?…
What To Do If You Received a 1099-K From Your Crypto Exchange
Updated for tax year 2025. If you engaged in crypto trading last year, it’s possible you could receive Form 1099-K…
eBay Seller FAQs and Unique Scenarios Explained
Selling on an ecommerce marketplace such as eBay® — whether as a hobby or a business — comes with tax…
Demystifying 1099-K Reporting Thresholds for eBay sellers
Updated for tax year 2025. If you sell items online, you’ve probably heard about new IRS reporting thresholds for Form…
16 Business Finance and Tax Terms You Should Know
Running a business or a side hustle isn’t for the faint of heart. Whether you’re just starting out or you’ve…
Everything Nonresidents Need to Know About Filing U.S. Taxes
If you're living in the United States as a nonresident alien, it’s normal to have questions about filing your U.S.…