State and local taxes in the U.S. add up to real money. There’s a huge difference between the highest-taxed states and the lowest. If you’re considering where to set down roots or looking to move to a lower cost-of-living area, read on to learn which states offer the lowest tax rates.
Research shows that spending money on time-saving services like nannies and housekeepers can promote happiness and lead to greater life satisfaction. But it can get you into hot water if you aren’t aware of household employment taxes, also known as the nanny tax.
If you earn rental income, receive royalties, or have income from a pass-through entity such as a partnership or S corporation, you’ll need to complete IRS Schedule E when you file your taxes. Reporting supplemental income can be confusing but the form itself is pretty simple. Learn how to complete it here.
Do you buy and sell stocks, bonds, mutual funds, and other investment property? If so, you need to familiarize yourself with IRS Schedule D, the form used to report capital gains and losses. Here is your guide to completing the Schedule D Tax Form correctly and painlessly.
Like any other business, farmers must pay taxes. Farms that operate as sole proprietors, trusts, partnerships, LLCs, and S corporations use Schedule F to report their farming income and expenses. Not sure how to fill it out? These instructions will get you started.
Savvy taxpayers can slash their tax bill using a range of tax-sheltered accounts, but these can seem confusing and often sound alike. Which combination of retirement accounts, education accounts, and health savings accounts can help you save on your tax bill? Read on to learn more.