SELF-EMPLOYED DEDUCTIONS: Meaning, How it Works & Guide
Tax deductions can mean something quite different for self-employed people. Taxes may appear to be a form of…
SOCIAL SECURITY TAX: Rates, Limit & Withholding by States
The Social Security tax is one of the taxes collected by the Federal Insurance Contributions Act (FICA). Employers…
MAXIMUM SOCIAL SECURITY: Definition, Tax, Payments & Benefits
When it comes to social security, there is a limit to the amount of money you can receive…
REFUNDABLE TAX CREDITS: Definition, Differences & Complete Guide
Tax credits provide for a dollar-for-dollar decrease in the amount of taxes owed by taxpayers. This is distinct…
CAPITAL GAINS: Definition, Types, Examples & Taxes
The wealth and income distributions have gotten more and more unbalanced during the last 40 years. It is…
How To Avoid Paying Taxes
As much as tax evasion is a punishable offense, there are legal ways to lower some or all…
Do You Get Tax Benefits For “Netflix and Chill”?
You always remember using Netflix for the first time, and according to its 130 million users, it is…
MILEAGE DEDUCTION TAX: Definition, How to Calculate It, Rules & Guide
If you use your vehicle for business or other activities, such as traveling for medical treatment or charitable…
SMALL BUSINESS TAX DEDUCTIONS: All You Need To Know
A qualified expense that you can deduct from your business’s gross income is what a small business tax…
Top 4 Advantages of Drake Tax Hosting for Better Business Tax Preparation
Drake is one of the leading tax software and is popular among CPAs, tax preparers, and firm owners.…