Tax deductions such as mortgage interest, state and local taxes, and charitable contributions get a lot of attention this time of year, but many taxpayers don’t have enough of these deductions to benefit them on their tax returns. Instead, these…
Taxes are a burden for everyone, but especially for low-income workers and families who need to hang onto as much money as possible. The federal income tax is a progressive tax system, meaning high-income taxpayers pay higher rates than people with…
The April 15 tax filing deadline (May 17, 2021, for tax year 2020) is one of the most dreaded days of the year for millions of Americans, either because they hate the hassle of preparing their taxes or dread the resulting…
Do you need help with tax planning and preparation, business accounting, financial statements, or other business strategies? Consider hiring a Certified Public Accountant, also known as a CPA. Hiring a CPA costs more than do-it-yourself solutions like TurboTax or QuickBooks,…
Being self-employed is awesome. You enjoy more control over your work-life balance, choose your hours, and have more say in the people and clients you work with. But before you hand in your letter of resignation, you need to understand…
It can happen to anyone. Maybe you’ve been buried by a big project at work, dealing with a family crisis or illness, or just so overwhelmed by the task of gathering all your tax documents and receipts that the tax…
You never know when you’ll face a complex tax situation that calls for outside help. If you’re lucky, it will never happen to you, and dealing with tax matters will be a seamless and straightforward process. However, some taxpayers have…
My husband and I were recently shocked by the amount of our income tax refund. At first, we were elated. It was enough to pay off our car, allowing us to live debt-free. At the same time, we were kicking…
Many investors choose to invest in dividend-bearing stocks or mutual funds focusing on dividend payers as part of their portfolio. And those dividends can pay off in a major way. Investing in dividend-bearing stocks can be a great choice for…
According to a 2016 analysis of U.S. Census Bureau data, about 18 million adults in the United States are cohabiting with an unmarried partner. People have their own reasons for cohabitation rather than getting married. Some test-drive a relationship before tying…
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