TAXATION IN FINANCE
A Guide to Income Tax: Overlooked Credits and Cuts
The US tax code changes from time to time, and majority of taxpayers cannot name at least three of the most common deductible expenditures. On that note, here are some of the expenses where people can save a considerable amount.
A Guide to Your Personal Income Tax: Basics
For many filing your personal income tax is one of the most frustrating things to do. However, by planning ahead and pacing yourself, doing your taxes would be a breeze. In this tutorial we will be learning all about personal income tax, the basic ...
A Guide to Your Personal Income Tax: Common Filing Mistakes
Failure to file the return on time is the most common mistake committed by taxpayers. Here are some of the other mistakes, which can cost you a lot of money and a ton of regret. Forgetting to Include Documentatio ...
A Guide to Your Personal Income Tax: Essentials
In the United States, the progressive tax system is one of the most important yet misunderstood concepts of tax planning. Whenever people are asked to explain its mechanics, they always say, “The more you make, the more you pay in taxes&rdqu ...
A Guide to Your Personal Income Tax: Last-Minute Moves
December 31 is fast approaching. The next thing you know you need to file your income tax return. So before you get swarmed by the hustle and bustle of the holidays, here are some last-minute moves you need to make before the year ends. ...
A Guide to Your Personal Income Tax: Papers
Documentation is the most significant part of taxation. If you do not properly account your income and expenses, chances are you will likely miss opportunities to maximize tax credits available. And the only way to claim such deductions is to acco ...
A Guide to Your Personal Income Tax: Steps to Take before April 15
Taxpayers, remember these two dates when filing your tax return: December 31 and April 15. We have previously discussed what to do before the year ends. Today, we will tackle the moves you need to make before April 15. The April 15 IRA c ...
Starting Your Own Small Business: Choosing What You Want to Sell
Some people say that the only real way to get rich is by starting your own business. However, this is untrue; there are a lot of reasons to start your own business. Besides the perks of managing your own money and being your own boss, having your ...
Starting Your Own Small Business: Financing a Business
After choosing the business you want to go into, regardless of the line of business, you need a startup capital in order to keep the business going. Some of the usual startup costs facing budding business owners include equipment, furniture and fi ...
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If you think 401k is enough think again
One of the most common retirement savings plan is the 401(k) which enables employees to make contributions from salary deductions on either a post or pre tax basis. Employers that offer this can ma ke nonelective or matching additions to the plan or add a profit-sharing feature to it.
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