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tax benefits real estate

Tax Benefits of Real Estate Investment

When considering real estate investment opportunities, it’s important to acknowledge the potential risks involved along with the various tax benefits real estate investment can offer. Diversifying your investment portfolio through real estate is a common strategy that allows you to potentially generate income from a new source or transform a personal interest into a profitable […]

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investment gains

Capital Gains Taxes

When you sell an asset, you may earn capital gains, which are the profits from the asset sales. The capital gain taxes rate on these capital gains can vary based on the time duration you held the asset.

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2025 tax season

2025 Tax Season: How and When You Can Tax File Your Tax Return in 2025

Looking forward to filing your taxes? It’s not a sentiment everyone shares, but if you’ve been anticipating it, tax season is fast approaching. Prepare yourself for the 2025 tax season by noting the important deadlines for submitting your federal tax return, whether by mail or electronically. The official start date for filing is set for […]

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2025 tax bracket

2025 Tax Bracket

Each year, the IRS (Internal Revenue Service) adjusts over 50 or more tax provisions to counteract the effects of economic inflation and avoid tax bracket creep, which is true for the 2025 tax bracket as well. This phenomenon, known as the tax bracket creep, involves individuals being pushed into higher income tax brackets to pay […]

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2023 past tax

E File My 2023 Past Tax Online

E-File My 2023 Past Tax Online: Avoiding Penalties, Making Amendments, and Maximizing Your Return Tax season can be stressful, but it doesn’t have to be. E-file your 2023 past tax online with Prior Tax offers a convenient, quick, and accurate way to meet your tax obligations while maximizing your chances of receiving the refund you […]

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car lease tax deduction

Maximize your tax benefits and tax returns from making a car loan or car lease.

Understand the legitimate tax benefits related to vehicle financing such as car loan and car lease. Tax Deduction For Personal Use Vehicles When it comes to individual transportation methods, there are various ways to potentially save money through tax deductions. By itemizing deductions, you have the opportunity to claim the interest on your car loan […]

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tax interest rate

Tax Interest Rate For 2025 Q1

The tax interest rate is reassessed every quarter. Non-corporate taxpayers are subject to an overpayment and underpayment rate equal to the federal short-term rate plus an additional 3 percentage points. For the initial quarter of 2025, the latest tax interest rates have been unveiled by the IRS, introducing significant modifications that will affect individuals’ and […]

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tax policies

Impacts of Recent Tax Policies on Individual Tax and Business Tax

How do recent tax policies and legislation affect individuals, businesses, and different income groups? Recent tax policies and legislation have significant effects on individuals, businesses, and various income groups. Here’s a breakdown: Impacts on Individuals Tax Standard Deductions: In 2025, taxpayers will benefit from increased standard tax deductions. The Tax Cuts and Jobs Act (TCJA) […]

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tax scams

Top 5 Tax Scams for Taxpayers Should Know 

There has been a surge in tax scams, in misleading ads circulating on social platforms, asserting that taxpayers can receive free funds

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back tax

How To File My Back Taxes Online

Navigating the process of addressing overdue back taxes may appear daunting, yet it is crucial to rectify the situation promptly to prevent facing fines, accruing interest, and encountering possible legal ramifications. Instances of falling behind on tax payments can arise from various circumstances such as unanticipated financial challenges, oversight, or errors in calculation. This guide […]

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