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Understanding the Taxation of Lawsuit Settlements: What Taxpayers Need to Know
Receiving proceeds from a lawsuit settlement can significantly impact your financial situation, and understanding the tax implications is crucial for effective financial planning.
- Video Tips: Taxation of Lawsuit Settlements
- Receiving proceeds from a lawsuit settlement can significantly impact a taxpayer’s financial situation. Watch this video for a quick overview of how lawsuit settlements can be taxed.
- Multiple Side Hustles, One Big Tax Headache
- Earning income from TikTok, Shopify, Venmo sales, or freelance gigs? Learn why multiple income streams can complicate your taxes—and how to stay compliant while maximizing deductions.
- 2025 Year-End QuickBooks® Tasks to Tackle Before January Hits
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Close out 2025 with confidence. Discover 7 key QuickBooks® Online tasks—reconciliation, payroll, reports, and 1099 prep—to simplify tax season.
- Maximize Retirement Savings: Don’t Overlook Catch-Up Contributions for Taxpayers Aged 50 and Over
- As retirement approaches, many older Americans seek strategies to maximize their savings and ensure financial stability.
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