Everyone who works fills out a W-4 form. This document ensures that your employer withholds the right amount of taxes from your paycheck. Abby Eisenkraft,...
Abby Eisenkraft, EA
Articles by this author
What Is the SALT Tax?
A recent increase in the SALT deduction cap will lead to lower taxes for some taxpayers. But what are SALT taxes, and who will benefit?...
Tax Benefits for Families
Tax expert Abby Eisenkraft has bad news for anyone searching for details about the new stay-at-home-mom tax credit—it doesn’t exist. “There is no stay-at-home parent...
Married Filing Separately vs. Jointly: How to Choose the Best Tax-Filing Status for Your Situation
Married people are paired with their partners for better or for worse, but should they unite for tax return filing, too? The IRS lets married...
What Is a Tax Write-Off?
The term tax write-off is another way of saying “tax deduction.” The phrase typically is used to refer to self-employment and small-business–related tax deductions, though...
Is Overtime Pay Taxed More?
You may have heard that the tax rules regarding overtime pay are changing—but taxation of overtime earnings is not ending entirely. Historically, overtime pay has...
What Is OASDI Tax?
You may have noticed the acronym OASDI on your paycheck—especially when you realize that it is taking a big chunk out of your earnings. But...
Why Is Receiving a Large Tax Refund a Bad Thing?
Did you get a big tax refund last year…or were you left wondering, Why is my federal refund so low? The average tax refund has...
What Does Head of Household Mean on Taxes?
“Head of household” is a tax filing status for single taxpayers who have dependents. But as so often is the case with tax matters, it’s...
What Is Backup Withholding?
If your broker sent you a dividend or interest check, but the amount you received is 24% lower than expected, then “backup withholding” likely is...
1031 Exchange Rules You Should Know
If you plan to part with a piece of investment real estate, you might be able to postpone paying capital gains taxes by using a...
Are You at Risk for an IRS Audit?
Not long ago there were widespread warnings that the IRS would be adding thousands of agents and increasing audits. But the new year brought a...
