Do you have receipts for fuel, repairs, insurance, and lease?
Credit card processing fees paid to Uber/Lyft/cab dispatch?
Medallion / TLC license fees or permits?
Any reimbursement from dispatch? (must subtract)
Expense Entry
Deduction Breakdown
Total Deductions$0
Tax Estimates
Net profit (Schedule C):$0
Self-Employment Tax (15.3% of 92.35% net):$0
QBI Deduction (20% of net profit*):$0
*QBI deduction available for sole proprietors. Standard mileage rate includes depreciation; if using actual expenses, you can claim Section 179 on vehicle (max $2.5M 2025). Credit card fees, tolls, parking, and cleaning supplies are separate.
Buy vs Rent: A Financial Decision, Not a Social One
Yebbo Housing Intelligence Series™
Why This Decision Matters
Housing is often the largest financial commitment an individual or family will make.
Yet, the decision to buy or rent is frequently based on assumptions rather than analysis.
“The goal is not ownership or renting—the goal is financial stability and long-term wealth.”
The Full Cost of Homeownership
Evaluating a home purchase requires looking beyond the monthly mortgage.
Mortgage (principal + interest)
Property taxes
Insurance
Maintenance and repairs
Opportunity cost of down payment
In the early years of a mortgage, a large portion of payments go toward interest rather than equity.
Understanding Renting as a Strategy
Renting is often viewed as a temporary or less desirable option. However, it provides measurable financial advantages:
Flexibility in location and career decisions
Lower upfront financial commitment
Ability to invest capital elsewhere
Reduced exposure to maintenance costs
Long-Term Wealth Considerations
The key financial question is not simply monthly cost—it is long-term net worth.
In some scenarios, individuals who rent and consistently invest the difference between renting and owning may accumulate greater wealth over time.
Explore Your Scenario
Interpretation
The results presented are estimates based on the assumptions provided. Real-world outcomes depend on market conditions, income stability, tax policy, and investment behavior.
This tool is intended to support understanding—not replace professional financial advice.
Why Filing Taxes Every Year Is Important for Immigrants | YebboTax
YebboTax Educational Guide
Why Filing Taxes Every Year Is Important for Immigrants
Filing taxes every year can help immigrants protect their future, build financial history, support immigration applications, and possibly receive refunds or tax credits.
For many immigrants living and working in the United States, filing taxes every year is more than a legal responsibility. It can also bring important financial and immigration benefits.
1. It shows responsibility
Filing taxes shows that you are following U.S. law and contributing properly. This can help demonstrate responsibility and good standing.
2. It can help with immigration cases
Tax returns are often used as proof of income, residency, and financial history for immigration-related matters such as green card applications, citizenship, visa renewals, and sponsorship cases.
3. You may get a refund
If taxes were taken from your paycheck, you may be entitled to receive money back by filing your tax return.
4. You may qualify for tax credits
You may be eligible for benefits such as:
Earned Income Tax Credit
Child Tax Credit
Education Credits
Health Insurance Credits
5. It helps build your financial history
Tax returns are often required for apartment rentals, loans, student aid, and business financing.
6. It helps self-employed immigrants
If you are self-employed or work in the gig economy, filing taxes can help build Social Security credits that may support retirement and disability benefits later.
7. It helps avoid IRS problems
If you are required to file and do not do so, you may face penalties, interest, and other tax problems.
8. It gives peace of mind
Filing on time helps keep your records current and protects your future in the United States.
Final Advice: If you live or work in the U.S. and earn income, it is usually best to file your taxes every year.
Buy vs Rent: A Financial Decision, Not a Social One
Yebbo Housing Intelligence Series™
Why This Decision Matters
Housing is often the largest financial commitment an individual or family will make.
Yet, the decision to buy or rent is frequently based on assumptions rather than analysis.
“The goal is not ownership or renting—the goal is financial stability and long-term wealth.”
The Full Cost of Homeownership
Evaluating a home purchase requires looking beyond the monthly mortgage.
Mortgage (principal + interest)
Property taxes
Insurance
Maintenance and repairs
Opportunity cost of down payment
In the early years of a mortgage, a large portion of payments go toward interest rather than equity.
Understanding Renting as a Strategy
Renting is often viewed as a temporary or less desirable option. However, it provides measurable financial advantages:
Flexibility in location and career decisions
Lower upfront financial commitment
Ability to invest capital elsewhere
Reduced exposure to maintenance costs
Long-Term Wealth Considerations
The key financial question is not simply monthly cost—it is long-term net worth.
In some scenarios, individuals who rent and consistently invest the difference between renting and owning may accumulate greater wealth over time.
Explore Your Scenario
Interpretation
The results presented are estimates based on the assumptions provided. Real-world outcomes depend on market conditions, income stability, tax policy, and investment behavior.
This tool is intended to support understanding—not replace professional financial advice.
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