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4 Tax Deductions Useful For New Homeowners
Taxes

4 Tax Deductions Useful For New Homeowners

Every person dreams of owning a house someday. However, owning a house requires applying for loans and mortgage. Once approval for loans and mortgage is received, new homeowners have to start the process of re-payments. Although these re-payments are often liabilities, they can also qualify new homeowners for several tax breaks.
10 Fun Facts About Taxes You Probably Never Knew
Taxes

10 Fun Facts About Taxes You Probably Never Knew

No one loves taxes, but they are unavoidable. People have been paying taxes since quite a long time now. The modes of tax payment may have evolved over time but paying taxes and filing returns are important obligations, although these are quite tedious tasks. Despite this, there are several interesting facts associated with taxes, both historically as well as in the present time.
6 Useful Tips To Make Charitable Donations Tax Deductible
Taxes

6 Useful Tips To Make Charitable Donations Tax Deductible

Thinking that a donation will always be tax deductible is one of the biggest wrong assumptions made by most people. This assumption arises from the fact that most people do not understand how charity and taxes are related. It is a complicated process but can be managed with some basic knowledge and an understanding of tax in your state.
7 States With The Lowest Taxes For Retirees
Taxes

7 States With The Lowest Taxes For Retirees

After working for nearly all their lives, most people look forward to a peaceful and hassle-free retirement. The lack of deadlines and work pressures does make things easy for retirees, but the flip side of a retired life is that the income reduces drastically. Also, if the state where you have retired to has unfriendly tax laws, then your savings will be further impacted.
7 Tips To Utilize When Getting Your Tax Refund
Taxes

7 Tips To Utilize When Getting Your Tax Refund

According to the Internal Revenue Service (IRS), every year, billions of tax refunds are kept unclaimed from the state. While some people are still wondering why you can increase your chances of getting a tax refund with these 7 simple tips. Claim all tax benefits that you qualify for If you want to win this race, you need to grab the opportunity as it comes.
8 Common Tax Return Mistakes Made By Smart People
Taxes

8 Common Tax Return Mistakes Made By Smart People

Making mistakes with tax returns is not uncommon since the process of filing is complicated and sorting out taxes for one financial year takes a lot of calculations. It comes as no surprise that most people take the help of tax experts to file their taxes to avoid any issues with the IRS.
8 Jaw-Dropping Tax Havens Of The Rich
Taxes

8 Jaw-Dropping Tax Havens Of The Rich

Tax havens are countries where taxes are levied at lower rates compared to the home country. Most rich people transfer their money to tax havens to conceal their actual incomes while saving heavily on taxes. There are close to 80 countries that have incredibly low to almost no taxes. American billionaires go to these countries in order to open offshore bank accounts and shell corporations.
11 Oddest Things America Has Ever Taxed
Taxes

11 Oddest Things America Has Ever Taxed

Filing tax returns and paying taxes on time is essential to avoid any action from the IRS. Although most of the taxes levied by the federal government or any state government are used for development expenditure, there are certain types of taxes that seem very ludicrous. Here are some of the 11 oddest things that have been taxed through the years.
13 Smart Uses For Your Tax Refund
Taxes

13 Smart Uses For Your Tax Refund

After filing their tax return, many wait for their refund check. Tax refund checks are usually received within three weeks of filing the returns. The average amount received by most people is about $3000. This is a substantial amount of money that can be put to good use. Here are 13 different ways to use tax refund money smartly.
22 Most Overlooked Tax Deductions
Taxes

22 Most Overlooked Tax Deductions

Often, mistakes and errors made while filing tax returns are associated with missed deductions. The Internal Revenue Service (IRS) concedes that people generally overpay their taxes and it is important to get the write-offs you deserve. Here are 22 of the most-often overlooked tax deductions. State sales taxes: Everyone can avail of this write-off but it is especially useful to those who live in the states that do not impose state income taxes.
6 Things That May Happen If You Don’t Pay Your Taxes
Taxes

6 Things That May Happen If You Don’t Pay Your Taxes

While most people regularly meet their tax obligations, there are always a few who may discreetly evade their taxes. Non-payment of taxes falls under tax non-compliance; activities such as tax avoidance, tax reduction through legal means, and tax evasion (also called as the criminal non-payment of tax liabilities) come under tax non-compliance.
6 Useful Tax Strategies For Your Retirement Income
Taxes

6 Useful Tax Strategies For Your Retirement Income

Often regarded as the golden years of one’s life, retirement provides seniors with a much-needed respite from life’s hustles. But retiring comes with its own set of challenges, including financial ones. Fortunately, planning ahead of time and understanding various retirement plans and financial strategies can help one prepare for the years to come.

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