Tag: taxable income

How to Donate Money to Reduce Taxable Income

June 22, 2023
Brightcharitydonate moneyDonationspersonal financetaxtaxable incomeWealth Management
0 Comment

When you need to reduce taxable income and have already used up other options, you can donate money to charitable organizations. There are several ways to make a tax-deductible donation by following some guidelines. In most cases, you will need to itemize your deductions. To do so, you will need to have more deductions than…

Read More

Personal or Business Tax Filing: Which to Choose

December 13, 2022
BrightBusiness Taxespersonal financePersonal Taxestaxtax returntaxable incomeUSWealth Management
0 Comment

Filing taxes can be stressful. But when you’re a small business, knowing the line between personal filing or business filing can seem a little blurry. This is especially true if you’re a sole proprietor. But it doesn’t have to be confusing; there are different requirements for filing depending on how your business is organized. Business…

Read More