Exemptions, deductions, and credits can reduce your tax liability. Exemptions and deductions reduce your taxable income. Tax credits directly decrease your tax liability, dollar for dollar. A refundable credit can result in a tax refund even when you have no income tax liability or paid no...
How to save money with your Tax-Free Flex Savings Account. Increase your paycheck by using your HSA at work.
The first meeting of an IRS audit will determine the outcome. Knowledge is power. Understand what IRS auditors already know.
With the federal government in America practically hemorrhaging money, many people are looking towards closing tax breaks and loopholes to save the country money. The EIC is one of them.
As a resident of the city of San Francisco, I regularly find myself paying tolls to get back home after traveling by car in the surrounding Bay Area. Every time that I cross a toll bridge, I look around at the number of cars surrounding me and think...
The Introduction of the e-tax payment system paved way which saw even the mobile phone users through the use of the Mobile Money related services having the ability to pay and enact any tax related transaction paid directly to URA
The end of the year is ideal, but anytime is the perfect time to spend a little time with your tax records. Organizing your tax receipts and records now will make completing next year's return easier.
The IRS has reviewed your tax return and has questions about your small business or rental form.
When filling out the W-4 form, make sure you have the information you need to know how many allowances to claim to keep the money that belongs to you while also truthfully sharing the necessary information to the government.
The issue of taxation is something that will always be contentious among society - I doubt there will ever be a time when a tax is consider fair and equitable by all inhabitants of society.