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
How Much Does a Dependent Reduce Your Taxes?
Dependents can bring significant tax savings for you, but you have to make sure they qualify for it, so don’t go claiming every child around you just yet!
How Do I Prove Gambling Losses On My Taxes?
Gambling is full of thrills and excitement, at least for those who enjoy it. What it also comes with is tons of financial implications, and that includes your taxes. If you’ve incurred in any gambling…
Car Donation Tax Deduction: A Comprehensive Guide for U.S. Taxpayers
No matter how committed you are to a cause, if someone told you “hey, donate your car!” you’d probably have some choice words for them. Well, what if we told you that you can get a pretty substantial…
What Are Dividends Now Taxed At? A Comprehensive Guide for 2025
As we’ve explained before, dividends are a form of income distribution given to a corporation’s shareholders, and are a popular choice for investors seeking passive income. So, are dividends taxed? Wh…
Understanding Estimated Taxes
It’s safe to say that tax season is unnecessarily stressful, but at least it only comes around once a year, right? Think again. For millions of Americans, especially freelancers, small business owners…
Understanding S Corp Taxes
S Corps taxes have some of the most unique tax advantages available to small businesses and their shareholders. In short, an S Corp is a designation that the IRS provides to small businesses under Sub…
Your Tax Return Is Still Being Processed: What Does It Mean?
Your tax return is still being processed, so does the online tool reads. It’s the stuff of nightmares for many. You check the IRS’s "Where’s My Refund?" tool only to find the ominous message: "Your re…
If You Have No Income Can You Get a Tax Refund?
Believe it or not, you can qualify for a tax refund and actually receive it even if you have no income to speak of (at least not taxable income, but more on that later). Here’s the catch, however: To…
Do Minors Have To Pay Taxes?
This should come as no surprise to anyone, but the IRS sees little difference between minors and adults when it comes to filing and paying taxes. But, do minors have to pay taxes?
Where Is My Tax Refund?
Are you counting down the minutes until you get that notification that your tax refund has been deposited? Why isn’t it here now? Maybe this is the first year you actually applied for a refundable cre…
What Is Taxable Income?
As you know, U.S. citizens are subject to taxes based on their annual income. There are, however, distinct definitions of what “income” is under federal law.
How Do I File Back Tax Returns?
Let’s say you didn’t file your tax return for a year (or a couple of years, maybe even three). The reason doesn’t really matter, maybe you forgot or didn’t have enough to think you’d have to pay taxes…