Taxes
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Preparing your federal tax return is hard enough when you live in the U.S. But it gets tougher if you’re filing as an expat from another country. Follow these steps to slash your tax bill without losing your sanity.
If you were one of the millions of people who became a homeowner between 2008 and 2010, whether it was your first time or your fifth, your purchase will have quite a noticeable effect on your taxes. That’s not only due to the lovely bump you’ll get from deducting your mortgage interest and property taxes,
When you sell an investment, you pay tax only on the profit you make, rather than the full proceeds from the sale. A few different factors influence how much you’ll pay. Here’s what you need to know about tax rules for capital gains and losses.
You can pay your taxes with a credit card. But that doesn’t mean you should. If you’re tempted to slap down the plastic to pay your tax debt, make sure it’s right for you first.
The tax resolution industry has a reputation for sketchy, even predatory behavior. Ideal Tax is different. If you have serious income tax issues, you should consider working with their in-house tax attorneys, CPAs, and IRS negotiation experts. Learn about Ideal Tax and whether it’s right for you.
Tax-loss harvesting lets you use underperforming assets to lower your taxes. But managing your portfolio is complicated enough — is tax-loss harvesting even worth it? The short answer is yes. And advisory services leveraging modern technology can help you reap the benefits without the headache.
The child tax credit offers parents a tax break for each child they have. It can help reduce the amount you owe in taxes or boost your refund by thousands of dollars. But what is it and how does it work?
State and local taxes in the U.S. add up to real money. There’s a huge difference between the highest-taxed states and the lowest. If you’re considering where to set down roots or looking to move to a lower cost-of-living area, read on to learn which states offer the lowest tax rates.
As tax forms go, the 1098, Mortgage Interest Statement ranks among the simplest as you prepare your tax return. But there are some things you need to know about Form 1098 and how to use it in your tax return.
Virtually every American homeowner pays real estate tax — property tax, in common parlance. Learn how local tax authorities calculate real estate property taxes and how you’re notified about what you owe.
One lesser-known measure of income is your modified adjusted gross income. It impacts your ability to qualify for certain tax incentives or things like health care subsidies. Fortunately, your MAGI isn’t all that hard to calculate once you know what it is and why you’re trying to figure it out.
You must understand the tax implications of your retirement accounts so you know how much money you’ll have available when you need it. When you retire and start withdrawing money from your IRA and 401(k), the taxes you owe can take a big chunk out of your total. Learn what to expect here.
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