Work-related tax tips for both the employeed and unemployeed

Taxes: Employment

The TDS Library



What If Employer Didn't Pay withheld Tax to IRS?

Bankrate

If your employer withheld taxes, but didn't pay the IRS, you can still claim withheld taxes. Here's what to do.

Employee vs. Contractor: A Tax Distinction

Bankrate

Many companies, large and small, hire seasonal workers. And while it's good to have extra income, make sure you understand how you're treated by your new, temporary employer. If you are classified as an independent contractor instead of an employee, you could face some tax troubles at filing time.


Business Expenses that Benefit You

Bankrate

Employees often give a little extra in their jobs. If that giving is literal, you paid some work-related costs and weren't reimbursed you may be able to turn your professional dedication into a tax break. Many unreimbursed employee expenses can be counted as miscellaneous deductions if you itemize on Schedule A.

Deducting Your Home Office Costs

Bankrate

Whether you are self-employed or an employee, if you use a portion of your home for business, you might be able to deduct the associated costs.

Job Hunting Could Help Cut Taxes

Bankrate

These days a lot of Americans find themselves pounding the pavement in quest of a new job, whether they've gotten the pink slip or expect to get one soon. The good news: The search may help you cut your tax bill -- under certain circumstances, job-hunting expenses are tax-deductible.

Tax Breaks for the Unemployed

Bankrate

Being unemployed presents a variety of financial considerations, including potential taxes. In some cases, federal tax laws could pose new costs to unemployed individuals. But in others, tax provisions could help ease, at least a bit, the financial strains of unemployment.

Get your biggest tax refund. Start free at TurboTax

Can I Deduct Work-Related Mileage from My Taxes?

Bankrate

You'll need to speak with a tax preparer or accountant about the specifics of your situation, but the short answer is that yes, you probably can get a tax deduction for the miles you drive in your car to different job sites.


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