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Accounting for Non-Accountants

Did you end up owing tax this year, or receiving a very large refund? You may want to check your W-4 form and make some adjustments to your withholding. If you’re not sure what you should be claiming (or what a W-4 form is), watch this video as Abby and Emily break it down for you!

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Close-up of a person organizing stacks of coins while using a calculator, symbolizing financial planning, interest expense allocation, and tax-related decision-making.

Deductibility of Interest

Not all interest that an individual pays is deductible. The rules for deducting interest vary, depending on whether the loan proceeds are used for personal, investment, or business activities.