The legislators have been pursuing for a considerable length of time to allow seniors a touch of some breathing room at tax time, and the Bipartisan Budget Act of 2018, at last, made...
Posted by Advanced Accounting & Tax Planning on 10/23/2019
The total spending for K-12 schools and college reached $82.8 billion in 2018, nearly as high as 2017’s $83.6 billion, that’s according to the National Retail Federation’s...
Most taxpayers in the U.S wants to work in a lower tax states or states with reduced tax payments.If you live in New York, California or New Jersey, you would have once considered...
Social security is an essential earning source for most retirees - and if you live in some areas in the U.S., your state won't charge you on it. Notwithstanding, the national...
Posted by YourIRSTaxAdvocate.com on 03/08/2019
The states that have no income tax as of 2018 are Wyoming, Alaska, Texas, Washington, Florida, Nevada, and South Dakota. Two other states with an incredibly low rate, on the other...
Posted by Wright Tax and Accounting Solutions on 02/25/2019
What do payroll taxes pay for?The federal government levies payroll taxes on wages and uses most of the revenue to fund Medicare, Social Security, and other insurance benefits focusing...
Posted by Flynn Financial Group Inc on 02/19/2019
The IRS Form 1040, 1040EZ or 1040A are used when filing an individual federal tax return. They will contain a report of your income and will help figure out how much additional taxes...
Posted by rinehimerbaker on 12/10/2018
No one wishes to pay taxes as it means money being taken out of your paycheck. It depends upon the state in which you live in, whether you pay the income taxes or not. It is quite...
Posted by John Pournaras Agency on 09/25/2018
Some of the people get surprised that the social security benefits get taxed. As social security is a part of government then how can it get taxed? Well, some states don’t tax...
Posted by Advantage Tax Service on 06/18/2018