We have some exciting news: Carry is joining forces with Lettuce to better serve self-employed business owners. When we started Carry 4 years ago, the goal was straightforward: help business owners be smarter about taxes and grow their wealth. Thousands of you trusted us with that mission, and together we’ve invested hundreds of millions of dollars [...]
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Side hustle income opens the door to tax-free retirement growth through a Roth IRA. The 2026 contribution limits and income rules are straightforward, yet many new investors stumble over eligibility quirks tied to self-employment income or miss filing deadlines. This guide delivers a practical checklist for opening your first Roth IRA using side hustle earnings. [...]
Opening a Roth IRA at your bank sounds convenient. You already trust them with your checking account, so why not keep everything under one roof? The reality is that most banks fall short when it comes to retirement accounts. Specialized providers like Fidelity, Schwab, and Robinhood typically offer lower fees, better investment choices, and more [...]
Tax scammers increasingly target small business owners with sophisticated schemes designed to exploit business tax forms, payroll systems, and professional relationships. The IRS’s 2026 “Dirty Dozen” list highlights threats that go far beyond the simple phishing emails most people recognize. Business owners face unique vulnerabilities around payroll withholding manipulation, ghost tax preparers who vanish after filing, [...]
High earners often face a frustrating reality. Direct Roth IRA contributions phase out quickly once your income crosses certain thresholds. That leaves the Mega Backdoor Roth as one of the most powerful tools for building tax-free retirement savings. If you work multiple jobs or have access to several employer plans, you might wonder whether opening [...]
Small business owners face a hidden tax complexity in 2025 and 2026. Federal tax law changes like the OBBBA Act have altered deductions for research expenses and bonus depreciation. States, however, do not automatically follow these changes. Some states adopt federal updates immediately. Others lock into older tax code versions and require new legislation each [...]
The IRS issued guidance last week allowing businesses to reverse or make certain tax elections affected by changes in the One Big Beautiful Bill Act, giving some companies a way to revise positions taken under earlier rules. Revenue Procedure 2026-17 covers three areas. It allows eligible businesses to withdraw elections to be treated as excepted trades [...]
A bipartisan bill introduced this week in the House of Representatives would extend full floor plan financing interest deductions to semi-trailer dealers, addressing what industry advocates call an unfair tax disadvantage that has strained cash flow for local dealerships across the country. Representatives Blake Moore, a Republican from Utah, and Norma Torres, a Democrat from California, [...]
The US Tax Court is considering how to respond to the use of artificial intelligence in court filings after attorneys and litigants submitted briefs citing cases that do not exist, according to Judge Mark V. Holmes. Holmes said the court is proceeding cautiously because more than three-quarters of its cases involve self-represented taxpayers rather than lawyers. [...]