HOME OFFICE TAX DEDUCTION: All You Need to Know
You might wonder whether working from home will result in any tax breaks since so many of us…
BEST TAX SOFTWARE SOLUTIONS IN 2023
Filing taxes is frequently the least appealing task on your to-do list, but decent online tax software can…
How Not to Pay Taxes Legally: Detailed Guide
In reality, paying taxes might seem more like an art than a science, and it’s a topic that’s…
WHAT IS PINK TAX: Gender Based Pricing & Its Impacts
In recent years, there has been an increased awareness of the “pink tax” – gender-based pricing where women…
Capital Loss Carryover: Definition, Rule, Example & How it Works
There are several things to take note of regarding business-related taxes. Every year, all businesses (aside from partnerships)…
How Long To Keep Tax Records? All You Need To Know
We all know the importance of keeping our tax records, but how long should we keep them? This…
What States Have No Income Tax: What You Should Know
If you’re looking to reduce your tax burden, you may have considered moving to a state with no…
FICA TAXES: What It Is, Rate and How to Calculate It
FICA is short for Federal Insurance Contributions Act. It specifies how taxes should be deducted from paychecks to…
ALTERNATIVE MINIMUM TAX AMT: How It Works
The alternative minimum tax (AMT) is an additional tax that some taxpayers are required to pay. It is…
FRANCHISE TAX: Meaning, Examples and Rates
Franchise taxes are taxes imposed by states on businesses located in their jurisdiction. This tax is imposed on…