Taxes
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Taxes
How Much Do You Need to Make to File Taxes?
There are quite a few people who, through a host of systems, as well as your annual income, may be able to opt-out of filing their income taxes at the end of the year.
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Taxes
A Guide to Doing Your Taxes
It is completely mandatory, but it can also be a somewhat intimidating and complex process.
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Taxes
What Are the New Tax Laws for 2019 Filing?
When individuals and households understand how they can take advantage of the modified tax laws, the savings are worthwhile.
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Taxes
Take Advantage of these Investment Tax Deductions
Below we'll go over investment tax deductions you may have overlooked, and the most effective ways to pay the least amount of taxes on your investments.
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Taxes
8 Overlooked Tax Breaks
Tax season is here, and with it comes a lot of paperwork and likely many missed opportunities to take deductions you didn’t even know existed. No one likes tax season. But everyone loves saving money. So instead of putting off your taxes until the last minute, have some fun claiming these eight overlooked tax breaks. 1. Miscellaneous Tax Deductions This…
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Budgeting
The 2020 W-4 Changes: How Will It Impact Your Paycheck and Refunds?
Before sending out paychecks, a company is required to withhold payroll taxes for its employees. The amount is based on the federal withholding rate, minus “allowances” (i.e. credits or deductions), such as childcare expenses. Working individuals report these allowances on the Form W-4. However, the IRS is changing paycheck withholding rules because the 2019 W-4 filings created a lot of…
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Budgeting
5 Essential Personal Saving and Investing Tips for Freelancers
There are many advantages to living the life of a freelancer. But the undeniable downside of freelancing is having a variable income that fluctuates from month to month. While freelancing can be freeing, it can also lead to an uncertain financial situation. Below, we’ll go through five essential personal saving and investing tips for freelancers to help deliver peace of…
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Home Buying
Why Now Is the Best Time of Year to Buy a House
Alongside the perks and benefits that go alongside it, owning a home is an indicator of proficient money management. Closing on a loan during the best time of year to buy a house or when mortgage rate predictions are low only makes things better. Having the income, credit score, and downpayment for it, even before getting an estimate mortgage payment…
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Budgeting
Should You File Jointly or Separately?
Most married couples file their taxes jointly. This approach enables them to combine their income and utilize larger deductions or tax credits. For instance, the married filing separately child tax credit is much more limited in comparison to a joint return. Above all else, when you decide whether to file jointly or separately, it is important to keep in mind…
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Taxes
Work From Home Tax Deductions That You Can Claim
At home businesses have many advantages over their brick-and-mortar counterparts. For a start, entrepreneurs save money on gas and office rent. Similarly, freelancers that operate online enjoy unique benefits in comparison to employees who commute to a physical office location. However, transportation costs and rent are on the tax deductible expenses list of traditional businesses, but not digital ones. Nonetheless,…
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