Jacob Dayan
CPA
Jacob Dayan is a tax professional at IRS.com with expertise in U.S. federal and state tax law. Their articles are written to help taxpayers understand complex tax topics in plain English.
Articles
Is Social Security Disability Income Taxable by the IRS?
Social Security Disability Income (SSDI) provides crucial financial support to people unable to work due to a disability. While the benefits can be a much needed lifeline for many Americans, many new…
1099 Deductions: The Ultimate Guide for Independent Contractors and Freelancers
Being your own boss comes with many perks, sure, but it can also make you feel like a lone ship adrift at sea, especially when it comes to taxes. As an independent contractor, you don’t have the conve…
Car Registration Tax Deduction: A Complete Guide for U.S. Taxpayers
Nothing like a visit to the DMV to really shake up your routine, right? Add paying fees on top of that and you have a recipe for a fantastic day. But there’s always a silver lining, and for this situa…
Treasury Bonds and Taxes: The Ultimate Guide
In general, income from any type of bond issued by the federal government (including its many agencies), is considered taxable income and therefore subject to federal income tax. There are, of course…
Paying Taxes When You Sell a House
Technically, yes. However, the profit on home sale can be tax free if certain conditions are met. In fact, many home sellers will not even be required to report the sale of their home to the IRS, but…
What Taxes Are Progressive? A Guide on the Progressive Tax System
What taxes are progressive? Well, all of them! At least at the federal level for income tax. The US federal government utilizes a progressive tax system, meaning that tax rates increase (or progress…
About Paying Taxes on Your Winnings From Gambling
Gambling winnings are fully taxable and must be reported on your tax return. However, there are a few key differences on how you might have to report and pay taxes on winnings than from other forms of…
How to Know If You Owe Taxes: The Complete Guide
How will you know if you owe taxes? Well, the IRS makes it no secret, truth be told. In fact, they’re supposed to inform you by mail if you owe them anything; through that initial letter, they will te…
Taxes and Military Funding: Your Tax Dollars at Work
Whether you want to be better informed in order to engage in public discourse about the US’ fiscal policy, or are simply curious about how your hard-earned tax dollars are spent, this guide is for you…
Claiming Parents as Dependents: How it Works
Who doesn’t want to help their parents? Claiming an elderly parent as a tax dependent is not only caring for them as they enter the final stage of their lives, but it can also bring you substantial ta…
The Consequences of Filing Taxes Late
Filing your tax return late is not going to put you on the IRS’s good side, and they could penalize you with both late-filing penalties and, if you also let the payment deadline slip by, a late-paymen…
Babies And Tax Returns: A Real (If Unlikely) Pair
The IRS doesn’t discriminate on the basis of age, not even babies. It’s one of those things that sound funny but it’s actually true; a baby (technically, a dependent child of any age) must file a tax…