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Taxes

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Taxes

Why Tax Filing Matters: Benefits for Working-Class Americans

Tax season is a stressful time for many Americans, especially those who live paycheck to paycheck. For working-class Americans, filing federal and state taxes can be a financial burden, and for women and underserved communities, it can be even more challenging.

March 8, 2023
Prem Kishan

Impact of Tax-Filing Costs on Working-Class Americans

Tax season can be a stressful time for many Americans, especially those who belong to the working class. With the rising cost of living, every penny counts, and the cost of tax filing can have a significant impact on their finances. In this post, we will delve deeper into the impact of tax filing costs on working-class Americans and what Line is doing to change this.

March 8, 2023
Akshay Krishnaiah

File Self-Employed Taxes for Free: Expert Tips and Guidance

Here are some tips and tricks to help in filing, paying and saving taxes for self employed individuals in the USA for the 2023 tax season.

March 3, 2023
Monica Aggarwal

Free Tax Filing for Low-Income and Self Employed Individuals

A low income self employed individual can take advantage of all possible deductions and understand what’s expected of them to reduce their tax burden and grow their business at the same time. Invest appropriate time to claim all of your deductions in order to pay less in taxes.

March 3, 2023
Monica Aggarwal

How and Where Low Income Families Can File Taxes For Free

The IRS provides tax assistance to low income taxpayers under the Tax Code. Taxpayers with low incomes have access to a variety of credits and deductions not available to others. The tax code includes credits based on particular situations.

March 2, 2023
Prem Kishan

Free Tax Filing Assistance for Low-Income Groups

There are numerous benefits associated with filing your taxes in the US. For instance, timely paying of your taxes can help you avoid added interest and penalties. Read on to know more.

March 2, 2023
Monica Aggarwal

How to File Your Taxes for Free With Beem?

Did you know that filing taxes is one of the most challenging tasks for millions of Americans? Line has launched a new feature that makes this task easy and free! Now, anyone and everyone who needs to file their taxes can download the Line app and file both federal and state, W-2, 1099 and all tax forms and filing statuses including multi-state filing, for absolutely free. Read on to know more.

February 26, 2023
Allan Moses

How Freelancers or Gig Workers Can File Taxes

Through this blog, we will try to answer all such queries, including how to file taxes for freelancers or gig workers and how being your own boss can present some serious challenges, such as proving your income to a skeptical mortgage lender.

February 24, 2023
Prem Kishan

Tax Filing for Self Employed: Requirements, Deadline and Late Penalty

As per the tax filing requirements for self employed individuals, the SE tax is paid annually, but the income tax is to be paid quarterly on the basis of estimated income in the forthcoming quarter. Read on to know more.

February 24, 2023
Nivedita Majumdar

Tax filing options for self-employed or low-income people

How will you file your taxes correctly with the IRS by April 18, 2023, as a self employed or a low income individual? There are different ways to go about this and the choice is yours.

February 24, 2023
Nivedita Majumdar

Estate Tax: What You Need to Know

The specifics of estate tax, including the tax rate, exemptions, and thresholds, vary by jurisdiction and can be subject to local tax laws and regulations.

February 16, 2023
Amrita Khandelwal

Who is a Tax Dependent: Criteria and Eligibility | Beem

For tax purposes, a dependent is typically a qualifying child or a qualifying relative. To be considered a tax dependent, the person must meet specific criteria related to residency, support and income among others.

February 16, 2023
Amrita Khandelwal

What Is Withholding Tax and How Does It Work?

Withholding tax is a convenient and easy way to pay your tax bill throughout the year. But it is advised to keep a thorough check on your withheld tax amount. This blog deals with the basic information involved with withholding employees’ salary for tax payments.

February 16, 2023
Fatema Yusuf

12 Best Strategies To Reduce Your Tax Bill

A tax bill is the amount of money an individual or a business entity owes to the government. It is dependent on the individual/business entity’s taxable income, which is determined by subtracting any applicable deductions and credits from the total income earned in a fiscal year.

February 16, 2023
Amrita Khandelwal

Form 1099-INT: Your Guide to Interest Income Reporting

The 1099-INT form includes your Social Security Number or taxpayer identification number, which means that the IRS knows of your income from investments.

February 15, 2023
Prem Kishan

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1. Beem's Cash for emergencies or Everdraft™ product is different from cash advance, payday loans, personal loans. Depending on eligibility, Everdraft™ ranges from $5 - $1,000, subject to Beem's qualification terms and policies. Everdraft is part of the product bundle that comes with the Beem's monthly subscription. There are multiple ways to get your funds credited, however when funds are instantly transferred to debit card, a fee of $1-$4 may apply. Most users receive their Instant Transfer within 1-20 minutes. To check the Everdraft™ eligibility, users don't need to have a Beem monthly subscription. Beem doesn't ask for credit score to check the Everdraft™ qualification.

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