Local and state governments sell municipal bonds to investors to help fund public projects like repairing a public park or building a new school. While municipal bonds pay tax-free...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 05/27/2023
The federal solar tax credit, also called the investment tax credit, allows users to apply up to 30% of the cost of their solar energy on their federal tax. This credit can be...
Posted by Pat Raskob on 05/27/2023
People who hire household workers, like gardeners, caregivers, housekeepers, etc., will pay an employment tax called the nanny tax. The threshold for the 2023 tax year is $2,600, and...
Posted by KLSM CPA Firm PLLC on 05/27/2023
Filing taxes is a necessary obligation that all citizens and residents of the United States must complete. This is also true for those serving in the military, including those deployed...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 05/16/2023
When it comes to student loan repayment, married couples face unique challenges. The decision to file taxes jointly or separately can significantly impact the amount of taxes owed...
Posted by Dennis Jao on 05/08/2023
Investors receive the return on investment in the form of dividends, interest, or capital gains. Investment income is an important source of revenue for individuals, businesses, and...
Posted by Pat Raskob on 04/30/2023
Property taxes are one of the many types of taxes that property owners have to pay. These taxes are levied on real estate, including land, buildings, and other structures, and are...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 04/27/2023
The tax situation is an overwhelming condition for self-employed individuals. Many could be unsure of the rules, options, financial obligations, and how to handle the situation. In...
Posted by Pat Raskob on 04/21/2023
Buying and selling of bonds is accessible through primary public issues, secondary markets, or from the exchange (NSE / BSE). Government bonds with taxation rates are available on...
Posted by KLSM CPA Firm PLLC on 04/21/2023
