May 2025 - Abacus Trucking

Do I have to file with my quarterly estimated payments?
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Do I have to file with my quarterly estimated payments?

Transportation

Do I have to file with my quarterly estimated payments?

By Abacus!|2025-05-21T13:28:06-05:00May 21st, 2025|Categories: Transportation|Tags: Ask Abe, Better Guidance, estimated payments|

Hey Abe! I am a lease operator, and I know that I’m required to pay my taxes in quarterly estimates. Do I have to file anything for this? Great question! Here’s the good news: While you are required to pay these quarterly estimates, you do not need to file any quarterly state or federal tax returns. [...]

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A Tax Deduction You Might Be Missing As a Self-Employed Individual
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A Tax Deduction You Might Be Missing As a Self-Employed Individual

Transportation

A Tax Deduction You Might Be Missing As a Self-Employed Individual

By Abacus!|2025-05-21T13:23:11-05:00May 21st, 2025|Categories: Transportation|Tags: Better Guidance, tax returns|

If you’re self-employed, there’s a valuable tax deduction that you might be overlooking: the self-employed health insurance deduction. This allows you deduct the cost of health insurance premiums paid for yourself, your spouse, and your dependents, including your children under the age of 27, even if they aren’t claimed as dependents on your tax return. Why [...]

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