Taxes
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Budgeting
The Hidden Burden of Sales Taxes
Imagine that you’re in line at the grocery store. As the cashier rings up the other customers’ items, their total payment and sales taxes show up on the register. Meanwhile, when it is your turn, the checkout employee deducts your taxes or refunds you the amount in cash. If you happen to live in one of the states with no…
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Budgeting
Efficient Tax Planning: How and When You Should Do It
Two years ago, the Republican-controlled United States Congress passed the Tax Cuts and Jobs Act. The law, which President Donald Trump signed into effect, made filing taxes easier and simpler. Even more so when we consider the already existing online tax-preparation software, alongside some handy IRS customer service features. The picture, however, isn’t as rosy as it looks. In 2019,…
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Budgeting
Retirement: Which State Should You Move To?
Every year, a large number of retirees move to another state. During 2018, almost half of them (43%) relocated to New Mexico. After that, Florida (39%) and Arizona (37%) are the second and third most popular destinations, respectively. Snowier locations, such as Idaho and Vermont, are also amongst the ten best states to retire in (or at least according to…
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Home Buying
Why You Should Consider the First-Time Home Buyer Loan
During the last decade and a half, homeownership in the US steadily declined. In fact, from 2014 onwards, the percentage of Americans who own a house remained at its lowest levels since 1995. Because of this, many people are considering a first-time home buyer loan. The US economy is very strong. Unemployment is low, stocks keep reaching record heights, and…
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Banking
Three Business Taxes for Small Businesses
Paying taxes is inevitable. Everyone has to do it, whether you want to or not. By preparing for tax season and having all of your documents from the year organized and ready to go, you’ll avoid any unnecessary stress that will prolong the tax process. As long as you already have an estimated amount of money set aside to pay…
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Budgeting
Good or Bad Idea: Living in States With No Income Tax?
In 2018, more Americans moved to Oregon and Idaho than any other state (except for Vermont). Meanwhile, the State of Washington ranked sixth nationwide in terms of incoming domestic migrants. Perhaps most noteworthy is that Washington is amongst the states with no income tax, but Idaho and Oregon aren’t. Why, then, did more people move to the latter two than…
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