Articles - Page 6

Biggest tax Changes for 2018

The IRS (Internal Revenue Service) has introduced some new policies in 2018, which include living cost changes for pensions and inflation adjustments for specific taxes. These yearly...

How to Reduce Taxes on Your Social Security

Like most people in America today, you have spent all of your life paying into Social Security, but did you know that up to 85% of your benefits may be ate up by tax demands from the...

How To Know If You’re Eligible for Income Tax Exemptions

Are taxes weighing you down? Well, I’m here to make your financial journey affordably easy. Taxes are the headache you constantly have to deal with. Finding a tax accountant who...

Hello everyone! This is Donna from Donna J. Jackson & Associates, PLLC. It seems that topic on everyone’s minds these days: how can I get more tax savings? I think we can all...

Qualifying for the Earned Income Tax Credit

For some people, filing their taxes is like playing  the lottery. They often do not understand the taxing process (no one understands it completely), but they assume that they...

Smart Ways for Big Tax Savings

Hello everyone! This is Donna from Donna J.  Jackson & Associates, PLLC. It seems that topic on everyone’s minds these days: how can I get more tax savings? I think we can...

10 Most Tax-Friendly States For Retirees

When evaluating the state tax policies, retirees have some special concerns. These may be about Social Security benefits, estate taxes, property taxes, or some other kind of taxes...

Items not included in income - Canada

The following items are not included in income of taxpayer for a taxation year: Amounts declared to be exempt by legislation of the Parliament of Canada (s. 81(1)(a)) Amounts received...

Basic Principles of deciding a tax jurisdiction for international transactions

For international transactions Governments have to decide which person and what income needs to be taxed. The basis for this can be personal relationship and economic relationship. Personal...