Tax season has ended, but that doesn’t mean that staying up to date on tax law changes is a bad idea. Educating yourself year round about current changes can be the differences between paying a big check and receiving a big check at the end of the year. Many choose to hire a tax lawyer in Sacramento or other local area in order to help them with their tax questions; however staying informed on your own is the best way to really keep a good head about tax laws. Now all changes will affect you, but it’s still a good idea to be on the ball when it comes to new tax information. Here are a few changes to look out for.
Unemployment benefits are a taxable income. While unemployment provides a good stepping-stone from one job to another, the IRS taxes the money you received from this.