Taxes
12 articles
There are many occasions in which you may need to prove your income, whether you’re attempting to get a mortgage, auto loan, a new apartment, or a public welfare benefit. Read on to learn how to show proof of income from the most common income sources in a wide range of situations.
Investment properties come with an incredible number of tax advantages. If you’ve been looking for the perfect side hustle to earn money and reduce your tax liability, here are some ideas to slash your tax bill through real estate investing.
Does your current bookkeeping system involve a spreadsheet you never remember to update? If so, there’s a better way for freelancers and the self-employed to track write-offs and more. If you’re looking for a hands-off bookkeeping app you can also use to file your taxes, check out Keeper Tax.
Billionaire Warren Buffett once famously said he pays a lower tax rate than his secretary. How is that possible? The answer lies in the difference between how capital gains and income from employment are taxed. Learn how and why capital gains and ordinary income are taxed differently here.
Did you move to take a new job this year, or are you considering moving for work soon? Unfortunately, thanks to new tax legislation, moving expenses are no longer deductible for most people. Are you one of the lucky ones who still qualify? If so, this is how you make sure you don’t overpay.
Real estate investors can reduce their taxes through myriad strategies and incentives. But when it comes time to sell, many property owners face sticker shock at their tax bill. These strategies can help you reduce — or better yet, eliminate — your taxes when you go to sell.
When you file a tax return for your small business, one of the questions on the form asks about your accounting method: cash or accrual. Deciding whether your business uses the cash or accrual accounting method is a pretty significant decision. Which should your small business use? Learn more here.
Minor efficiency upgrades are a fast, easy, and effective way to save money on utilities. But they don’t permanently improve your home’s ability to retain warm or cool air. Fortunately, these government tax credits and incentives can offset the cost of residential green energy projects.
As a self-employed person or business owner, you get access to tax deductions and benefits not available to most employees. Here’s what you need to know about how a side gig changes your tax situation, often for the better.
There are many tax benefits to real estate investing. You can intentionally structure your real estate investments to minimize your taxes on multiple forms of income, including real estate profits. But before you dive in headfirst, ensure you understand which tax benefits you qualify for.
You must understand the tax implications of your retirement accounts so you know how much money you’ll have available when you need it. When you retire and start withdrawing money from your IRA and 401(k), the taxes you owe can take a big chunk out of your total. Learn what to expect here.
Each state can set its own tax rules that apply to its residents. If you’re thinking of relocating to a new state for a new job or a change of scenery, it’s worth it to consider the total tax burden in that state before you make a major move.
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