If you’re asking, “Can I use 529 for engineering license expenses?”—you’re not alone. As more professionals seek alternative educational paths and credentials beyond traditional college degrees, understanding what a 529 plan covers becomes increasingly important. A 529 plan, officially known as a Qualified Tuition Program (QTP), is a tax-advantaged savings plan designed to help cover … Read more
For decades, Kimberly-Clark has offered its shareholders a unique opportunity to connect with the company’s renowned brands through the Gift Box Program. This initiative allows investors to purchase a selection of Kimberly-Clark’s popular products at a discounted price, fostering a tangible connection between the company and its shareholders. The Gift Box typically includes items from … Read more
When dealing with IRS collection actions, understanding the process for requesting a Collection Due Process (CDP) hearing is crucial. This involves completing Form 12153, which is used to appeal IRS decisions regarding liens or levies on your property. However, one of the most common questions taxpayers face is where to send this form. In this … Read more
When someone passes away and leaves you money or assets, the question of whether you have to pay taxes on that inheritance depends on several factors. Generally, inherited money is not considered taxable income at the federal level, so you don’t need to report it on your federal tax return. However, there are exceptions, especially … Read more
As streaming platforms like Twitch, YouTube, and Facebook Gaming continue to grow in popularity, more and more individuals are becoming professional streamers, earning income from subscriptions, donations, advertisements, and sponsorships. However, a common question many new streamers ask is, do streamers pay taxes on their earnings? The answer is yes. Streamers, like any other content … Read more
Selling on Poshmark has become a popular way for individuals to turn their unwanted clothes into extra income, but many sellers don’t realize that the IRS taxation for selling on Poshmark is a critical aspect of running a successful business. Whether you’re a casual seller or someone who is using the platform to generate substantial … Read more
Owning a business as an educator while claiming educator expenses may seem complex, but it is entirely possible with the right understanding of tax laws. The IRS allows eligible educators to deduct up to $300 (or $600 for married educators filing jointly) in unreimbursed classroom expenses, such as books, supplies, and professional development courses. At … Read more
When it comes to how to handle PTO for salaried employees, implementing a clear and comprehensive policy is crucial for both employers and employees. Salaried employees often have different needs and expectations regarding time off compared to hourly workers, making it essential to tailor PTO policies that reflect their roles and contributions. A well-structured PTO … Read more
When an employee decides to leave their job, whether voluntarily or involuntarily, one of the pressing questions that often arises is, “What happens to accrued vacation?” This article titled “What Happens to Accrued Vacation When You Leave?” will explore the various factors that determine whether employees are entitled to compensation for unused vacation days upon … Read more
California has long been at the forefront of labor rights, and understanding how much is minimum wage in California is essential for both employees and employers navigating this complex landscape. As of January 1, 2024, California’s statewide minimum wage is set at $16 per hour, with specific provisions for certain industries and local jurisdictions that … Read more