Category: General

Can you deduct imputed interest?

If the loan is a below-market loan—one bearing an interest rate below the IRS-set applicable federal rate—then imputed interest results. This means the le...

Should my W-2 match my salary?

Meanwhile, your Form W-2 shows your taxable wages reported after pre-tax deductions. That’s why your W-2 doesn’t match your last pay stub. Unless you opt ...