03
Apr
Apr
The Top Tax Scams to Watch Out For
Tax Day is fast approaching. There are only a few weeks left to file returns before April 15. But in the rush to file your taxes, be sure you don’t fall victim to a tax scam. The Internal Revenue service …
Read More →
25
Mar
Mar
Tax Consequences of Having a Side Business
When it comes to stretching your budget, working a side job is an effective way to ensure you’re earning enough to cover your expenses. But this can carry repercussions for your taxes. Freelancers should prepare for the very real tax …
Read More →
21
Mar
Mar
Tax Rules You Should to Know When You Receive or Give Cash
Whether you prefer to gift or receive money from loved ones or earn money from a patchwork of different projects, reporting those payments at tax time can be tricky. What’s more, cash gifts are subject to their own regulations and tax rates. …
Read More →
16
Mar
Mar
Tax Deductions That Are Disappearing This Year
This tax filing season taxpayers are poised to experience the impact of the Tax Cuts and Jobs Act of 2017, which eliminated beneficial deductions and credits. Pushed as the largest tax overhaul in 30 years, the law could be a …
Read More →
07
Mar
Mar
How Americans Are Using Their Tax Refunds
For many Americans, an annual check from Uncle Sam offers a rare opportunity to better their financial footing, and fewer adults these days want to blow it on an excursion. On average, taxpayers expect to receive $3,030 back from the …
Read More →
28
Feb
Feb
Deducting Business Use of a Vehicle
If you use the car for both business and personal purposes, you may deduct only the cost of its business use. You can generally figure the amount of your deductible car expense by using one of two methods: the standard …
Read More →
23
Feb
Feb
The Rules of Credit Card Rewards and Taxes
Whether or not credit card rewards are taxable depends on how you earned them. Here’s a look at the rules surrounding rewards and taxes. Earning points, miles and cash back: If you have a credit card that offers 2 percent back …
Read More →
21
Feb
Feb
US Corporate Tax Rates Compare Globally
The tax reform package that became law late last year had substantial impacts on American taxpayers. Major changes to the standard deduction, various credits and itemized deduction provisions, and individual tax rates left many people confused about whether they’d end up …
Read More →
19
Feb
Feb
High-Income Retirees Tax Rates May Be Higher Than Expected
Though high-income retirees are looking forward to lower taxes once they’ve exited the workplace, they can still expect to pay stealth taxes in the form of Social Security income levies and higher Medicare premiums. Their tax bracket may go from …
Read More →
16
Feb
Feb
How much taxes will I owe on stocks sold in 2018?
The answer depends on a few factors. Specifically, what type of account are the stocks in, how much will you profit from the sale, how long have you owned them, and did they pay you any dividends before you sold …
Read More →
