We all do not like paying income taxes as it reduces our real take-home pay. However, while you cannot escape paying federal income tax, state income tax can be escaped based on your...
Posted by UNIVERSAL ACCOUNTING & FINANCIAL SERVICES INC. on 06/11/2021
The days in which one is limited to a single source of income are over. Many people can now monetize their skills and make money in their free time. The gig economy is increasing rapidly,...
Posted by CORE PERFORMANCE on 06/11/2021
Going through the joint filing route with your spouse might qualify you for a high standard deduction and bring down your tax bill. You might also get tax benefits that couples going...
Posted by Aurelia E Weems CPA on 06/06/2021
An employee's gross salary is the amount of salary or wages before the tax or deduction is deducted and is the starting point for other calculations. These calculations are independent...
Posted by The TaxAdvocate Group, LLC on 06/06/2021
One of the essential parts of your financial planning is your tax saving plans. Your strategy to save on taxes should be the type that will help keep tax using insurance as your corpus....
Posted by Carmen Garcia on 05/24/2021
Divorced people might qualify for Social Security benefits which is a factor of the earning of the ex-partner. This article will shed light on qualification for such benefits and what...
Posted by Pat Raskob on 05/19/2021
While many people might not realize, there are amazing tax benefits of purchasing a house. Two significant advantages are the property tax deduction and the mortgage interest, which...
Posted by Karen Munoz, EA on 05/19/2021
Your 1040sIf your income is over a specific amount, paying the federal income tax is mandatory. You might have to pay income tax in some states as well. The income tax rate is a matter...
Posted by Pat Raskob on 04/30/2021
Tax season is here, and replacing your annual tax return has never been easier. Your annual security benefit statement, also known as SSA-1099 or SSA-1042S, is a tax form sent out...
