A pension credit, also called a saver's credit, is a tax credit you can claim by contributing to a pension fund. The credit is calculated on your tax return, which is more beneficial...
Posted by Dennis Jao on 01/09/2023
Understanding how to plan for retirement doesn't have to be difficult. The various available retirement plans are easier to comprehend than you might think, although each has its...
Posted by KLSM CPA Firm PLLC on 07/31/2022
Donations to qualified charities are tax-deductible and can reduce your taxable income, which can help you reduce your tax bill. You may need to itemize your tax deductions in detail...
Posted by Pat Raskob, Emeritus on 04/17/2022
What are Not-for-Profit Organizations (NFPOs)?These organizations focus on specific social causes and use the money they earn or receive through donations to cover their operation...
Posted by Dennis Jao on 11/04/2021
The amount estimated to be donated by the average taxpayer in the U.S. sums up to at least $500 per month. According to the research done on the subject in 2017, there were over 37...
Posted by Pat Raskob, Emeritus on 10/30/2021
It is very easy to donate a car to charity. The National Kidney Foundation of Utah and Idaho has one of the country's oldest (since 1990) and popular car donation programs. We'll...
Posted by Dennis Jao on 10/09/2021
In paying off student loans, one can use many approaches. While a borrower might consider a repayment plan hinged on income to take care of their monthly bill, another might consider...
Posted by KLSM CPA Firm PLLC on 09/03/2021
Franchise tax applies to taxes paid by certain companies that wish to do business in certain states. Also called a privileged tax, it gives the company the right to be established...
Posted by Pat Raskob, Emeritus on 08/24/2021
Getting a new car is an interesting process. New seats, new windows, the smell of a clean car - what's not to like about it? Buying a new car usually means getting rid of an existing...
Posted by Taxes Made EZ Inc on 03/28/2021
