On filing for a tax deduction, you have to consider your filing status. Your position in your household determines your status. Your status determines the tax bracket you are categorized...
Posted by Pat Raskob on 11/04/2021
Whenever you see a dollar from a lottery win, please remember that the IRS has taken its 25%. Up to 13% can be withheld in local and state taxes (depending on where you live). However,...
Posted by Pat Raskob on 09/30/2021
Deferred compensation plans can be a useful savings tool, especially for participants who want to maximize 401(k) contributions while still having savings to invest. Deferred compensation...
Posted by Taxes Made EZ Inc on 09/03/2021
While there are many ways you can save for college, these various strategies are not equal. You get some particular tax advantages with the best savings channel, provided you use the...
Posted by Taxes Made EZ Inc on 06/11/2021
Some errors on your tax return can cost you a large refund or end up with a larger tax debt with penalties and interest. There could be an audit in the worst cases, but you can defend...
People that are not married and do not qualify for other filing status have the single filing status as their default tax status. Your filing status affects many things like the...
Unknown to many people, the proceeds from selling a house might be taxable. However, this article sheds light on the mode of operation and simple ways to avoid ending up with a huge...
The tax day is around the corner, and it is not too early to start preparing your documents for Uncle Sam. This is a really busy time for accountants and tax professionals since they...
Posted by Pat Raskob on 01/30/2021
Alimony, also known as spousal support, is the money paid to a spouse to another after a divorce. The idea is to help the spouse with the lower income to take care of expenses and...