Solutions to Make Better Decisions with Your Taxes and Money

About Sally Herigstad

Sally Herigstad is a certified public accountant and personal finance columnist and author of Help! I Can't Pay My Bills, Surviving a Financial Crisis (St. Martin's Griffin). She writes regularly at,,, RedPlum, and MSN Money. She is an experienced speaker and a member of Toastmasters International. Follow Sally on Twitter.

The New Business Owner’s Guide to Filing a Tax Return

If you’ve always worked as an employee and had a relatively uncomplicated income tax return, you may wonder how much that will change now that you have a small business. It’s true you’ll have more record-keeping and responsibilities than you did when your employer sent you a Form W-2 at the end of the year.

4 Tax Tips for First-Time Freelancers

Many people these days are switching to a new model of work. Instead of being on payroll as a traditional employee, they are working as freelancers.’

4 Important Things to Know About Form 1099

At the beginning of each New Year, you should begin receiving a host of informational tax statements from various institutions. These institutions can include banks and investment brokerages as well as any other place you did business with during the previous year.

Tax Responsibilities for Airbnb Hosts

If you’ve ever thought about using Airbnb or other short term rental sites to make a little extra money, you’ve probably wondered how it may affect your taxes. If you have to deal with complicated tax forms and record-keeping, you may think the Airbnb income is hardly worth the trouble. However, depending on your circumstances, […]

Are You Part of the Growing Gig Economy?

  It’s now easier than ever to make money on your own. Whether it’s a side venture that earns you a few bucks now and then or a full-time business, there are a variety of ways to create your own income beyond a traditional job.

When is Interest Expense Deductible?

The Internal Revenue Service (IRS) allows you to deduct several different types of interest expense, including home mortgage interest and interest related to the production of income. But, it does not allow deductions for consumer interest expense.

How Tax Brackets Work: 2017 Examples and Myth Busting

Updated for Tax Year 2017 What tax bracket are you in, and what does that really mean? Your tax bracket, roughly speaking, is the tax rate you pay on your highest dollar of taxable income. Your tax bracket is not the tax rate you pay on all of your income after adjustments, deductions and exemptions.

How to Claim Mileage Deductions and Business Car Expenses in 2017

If you frequently drive your car for business purposes, you know how car expenses can quickly add up.

Education Tax Benefits: Can They Help You Pay for College?

Many people know if they pay tuition, they may qualify for tax benefits when they file their tax returns the following year. Getting a bigger tax refund in April is never a bad thing. But what if you need the money now to help you get back to school?