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How long must stock be held for capital gains?

one year You must own a stock for over one year for it to be considered a long-term capital gain. If you buy a stock on March 3, 2009, and sell it on Marc...

Jun 25, 2026 • 1 READS

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Where does the VA disability money come from?

VA Disability is funded by a specific VA budget for the Veterans Administration rather than taxes paid by military personnel. Is VA disability a source of...

Jun 25, 2026 • 1 READS

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What are the new tax law changes for 2021?

Some phaseout changes to note are: Earned Income Tax Credit: The maximum credit for filing jointly as a married couple and claiming three or more qualifyi...

Jun 25, 2026 • 1 READS

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Is it illegal to work for multiple companies?

There is nothing in the law prohibiting you from working for two companies at once. There is also nothing in the law prohibiting one or both of these comp...

Jun 25, 2026 • 1 READS

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Does SSDI count VA disability as income?

VA disability benefits don’t affect your SSDI or vice versa; if you qualify for both programs, each will pay the full amount to which you are entitled. Ar...

Jun 25, 2026 • 1 READS

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How to calculate Home Office on form 8829?

Line 3: Divide Line 1 by Line 2 and multiply by 100 to find the percentage of your home that you consider to be your home office. Enter this percentage on...

Jun 25, 2026 • 1 READS

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Is giving debit card details safe?

Giving debit or credit card details on the phone is never a totally secure process but with certain actions, you can almost eliminate the risk of running ...

Jun 25, 2026 • 1 READS

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Are research expenses tax deductible?

As an incentive to engage in research and development, the IRS permits businesses to deduct all R&D expenses in a single year instead of amortizing as...

Jun 25, 2026 • 1 READS

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What is Section 179 expense deduction from Form 4562?

Section 179 deduction dollar limits. For tax years beginning in 2020, the maximum section 179 expense deduction is $1,040,000 ($1,075,000 for qualified en...

Jun 25, 2026 • 1 READS

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Is there an e file option for the IRS?

However, the IRS doesn’t endorse or approve any particular software for IRS e-file. To learn more, see E-File Options for Individuals or Electronic Filing...

Jun 25, 2026 • 1 READS