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 on 04/17/2022
Tax-loss selling, a.k.a tax-loss harvesting, is a strategy available to investors trading below their original cost in non-registered accounts. These investments can be stocks, bonds,...
Posted by Tiffany Gaskin on 03/10/2022
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
When allowable deductions exceed gross income in a fiscal year, you end up with a net operating loss. To calculate your business's net operating loss, you must deduct the tax deductions...
Posted by Dennis Jao on 11/16/2020
Reverse mortgage was conceived as a means to help retirees with limited income to cover basic monthly living expenses and pay for health care and whose net worth is mostly tied up...
Posted by BEST FINANCIAL GROUP LTD on 04/03/2019
Donald Trump has signed into P.L. 115 to 97 laws known as “Jobs Act and Tax Cuts”. It even has great importance for national taxation. It may have extensive effects on...
Posted by BEST FINANCIAL GROUP LTD on 04/26/2018
You can receive income in the form of money, goods, or services. This section deals with several types of taxable and non-taxable income. It includes discussions on employee salaries...
Posted by Carmen Garcia on 07/06/2021
Taxpayers are allowed to amend tax returns using the form 1040x if the following cases occur: a mistake was found in the tax return, failure to file eligible deductions or credit,...
Posted by Elliot Kravitz, ATP on 10/01/2020
The rise of online and discount brokerages is making people interested in trading and the stock market. However, taking advantage of the various strategies on asset protection and...
