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Jun 22, 2022Property Tax and Tax Deduction
In general, property tax is assessed by the local government, but there are also considerations from state and federal authorities. In addition, local governments use a variety of methods for calculating the base of their property tax and the assessment levels.
adminJun 16, 2022FAQ for Child Tax Credit and Other Tips on Tax Filing
If they meet certain criteria, you may be able to claim a dependent on your taxes for child tax credit. This might include a family member, a foster child, or an adopted child. Additionally, you must be the only one claiming for them for the child tax credit on your return.
adminJun 9, 2022How Do I Report Taxes on Tip Income for my Tax Return?
How to report taxes on tip Income for my Tax Return. If you are a server or barista making tips, you need to know how these tips will factor into your taxes. You report taxes on tip just like you report taxes on the rest of your income.
adminJun 3, 2022Tax Deduction for Homebuyers and Home Sellers
If you were a homebuyer or home seller in the past few years, your tax filing will be different compared to the years before. Here is what you need to know about the changes to expect.
adminMay 25, 2022Tax Brackets for Married Filing Jointly
For many newlywed couples, married filing jointly is the best option. This can provide significant tax breaks, like a larger standard deduction. However, there are some situations where it may be better to file separately. For many newlywed couples, married filing jointly is the best option. This can provide significant tax breaks, like a larger standard deduction.
adminMay 11, 2022Tax-Deductible Donations to Ukraine
To be tax deductible donations to Ukraine, these donations need to follow the rules for contributions to charity for use abroad and gifts to a foreign charity. Unfortunately, direct donations to a foreign charity or donations made to a domestic charity that then hands over the funds to a foreign charity are not tax deductible donations to Ukraine.
adminMay 4, 2022Charitable Donations Tax Deductible and Gift Tax Deduction
What to Know about the Gift Tax Deduction and Charitable Donations Tax Deductible and Under the Jobs Act and Tax Cuts.
adminApr 25, 2022Tax Year 2021 Dependent Tax Credits and Deductions
Federal tax breaks for taxpayers who claim dependents, in short dependent tax credits and deductions are available to take advantage. These dependent tax credits or breaks may reduce the amount of federal income tax owed, and some even increase the refund.
adminApr 6, 2022Filing Taxes When Unemployed
Filing tax when unemployed guidance to help taxpayers better understand what types of income may be taxable when their form W-2 is not issued because they have lost their job or are not working.
adminMar 14, 2022Self Employed Tax Forms, E-file and Calculator
What tax forms and tax regulations should self-employed tax payer be aware of. First when filing self-employed taxes, who does the IRS consider self employed and when does a self employed person to file a tax return.
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