What Is FICA?
FICA funds Social Security and Medicare. Learn tax rates, wage base limits, and how FICA appears on your W-2.
Tax Basics
Tax Basics
What Is a 1099-INT?
What Is a 1099-INT? Form 1099-INT is the IRS information return used to report interest income paid by banks, credit unions, brokerage firms, and other financial institutions. If you earned interest from a savings account, certificate of deposit (CD), U.S. Treasury securities, or municipal bonds, this is the form that reports it — to both
Tax Basics
What Is a 1099-MISC?
Learn what Form 1099-MISC reports, key boxes, how it differs from 1099-NEC, and reporting thresholds — explained by an Enrolled Agent.
Tax Basics
What Is a 1099-DA?
Learn what Form 1099-DA is, who receives it, and how crypto transactions are reported to the IRS starting in 2026.
Tax Basics
What Is a W-4?
Learn what IRS Form W-4 is, how the five-step structure works, and what changed on the 2026 form under the OBBBA.
Tax Basics
What Is a 1099-K? Who Gets It, Thresholds & How to Report It
Learn what Form 1099-K is, who receives it, current reporting thresholds, and how to report it on your tax return.
Tax Basics
What Is a 1099-NEC?
Learn what a 1099-NEC is, who gets one, how to read it, and how to report the income on your tax return. Includes 2026 threshold update.
Tax Basics
Tax Credits vs. Deductions — What’s the Real Difference?
Learn how tax credits and deductions differ, which common ones you may qualify for, and how each affects your tax bill.
Tax Basics
1098-T vs 1098-E — What’s the Difference?
Learn the key differences between Form 1098-T and Form 1098-E, and which education tax benefits each form unlocks.
Tax Basics
What Is a W-2? Boxes, Codes & How to Read It
Form W-2 reports your wages and taxes withheld. Learn what each box means, key Box 12 codes, and new OBBBA changes on the 2026 form.