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If you don’t have enough money to pay your entire tax bill, here are 5 helpful tips from the IRS Pay as much as you can to minimize interest and penalties Get a loan or pay with a credit card (fees are usually lower than what the IRS charges) You might be able to get a no-fee payment arrangement [...] One of the biggest tax breaks for self-employed business owners is the deduction for health insurance premiums. If you show a net profit on your Schedule C and you paid premiums for medical, dental, or qualified long-term care insurance for yourself, your spouse, and your dependents, you get a special deduction. It’s not actually a deduction [...] |
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