Today TaxMama hears from Jo Ann in Missouri who tells us, “I was watching the Early Show and watched a tax expert who was talking about deductions of which people may not be aware. At the very end, he mentioned that if you have an adult dependent that needs what my friend calls “mamma sitters”, […]
Tag Archives: Medicare
Today TaxMama hears from Samar in Texas who asks. “I have worked under 1099. Do I need to pay social security taxes on my wages?”
Today TaxMama hears from Joe in Montevallo, NY who wants to know, “Is my income tax rate, including social security, and other income based on my adjusted gross income or gross income?”
Today TaxMama hears from Al from Monsey, NY wants to know, “If I am married and filing jointly; as a PC Programmer, should I get paid as an employee, with a W-2 or should I become a consultant and just freelance?”
Today Selena in Los Angeles is taking a bold career step. “After many years of working as a salaried employee, I have decided to take the plunge and switch to temporary employment through an agency that specializes in temporary placements for clinical social workers. I am reviewing the contract they want me to sign, and […]
Today Donna from California did some research. “I’m interested in starting a small business in real estate centering around purchasing the property and renting it to tenants. But to my dismay I recently read that the IRS does not consider that a business. Is that true? I also read that this is a “gray” area. […]
Ask TaxMama Merrily We Tax Along… Welcome to the first edition of Ask TaxMama. AskTaxMama will be published every two weeks. You will find the complete text of this issue on the site at https://taxmama.wpengine.com/AskTaxMama/asktm_1.htm Lower Standards For the first time in anyone’s memory, the IRS arrived at a standard mileage rate that was lower than […]