Category : Taxes : Business & Finance

Tax Benefits on Home Loan

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Owning a home is an important thing in life. It is a long cherished dream for many. These days, there is a great increase in the property prices in India. And so, buying a house in a single payment is difficult for many people. Therefore, many people go for housing loan and it makes the process of b

Smart Tax - Filing Tips

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Just like many institutions dealing with money,the IRS has defaulters too. While most law-abiding residents do their best to pay taxes, a few of them still think it is not that necessary and will do anything to ensure that the extra dollar remain in their pockets. This issue has persisted for quite

Are Taxes Taken Out of Unemployment?

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Unemployment insurance was established by the Social Security Act of 1935 and Unemployment Insurance Tax Act of 1939. It provides temporary weekly payments to those who lose their jobs through no fault of their own and meet other state requirements. The program is funded through a tax on employers,

How to Figure Federal Tax on Income

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Calculating the amount of federal tax you owe on your income is useful when trying to determine if you need to resubmit a W-2 to your employer to change the amount of taxes withheld from your paycheck or estimating how much tax you need to submit quarterly or yearly for those who are self-employed.

How to File a Late Income Tax Return

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April 15 has come and gone, or your extension has expired, and you haven't filed your tax return. But it's still possible to file your tax return and submit it to the IRS or state tax department, depending on where you must send the forms. Even if your return is seriously past the due date, the IRS

Payroll Taxes: Withholdings A to Z

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Regardless of whether you hire a professional or do it yourself, you as a small business owner must have an idea of what you pay in payroll taxes to the local, state, and federal governments. Different government agencies will require different withholdings and each type of withholding tax is calcul

Are Dues Tax Deductible?

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When Congress developed the U.S. Tax Code, the intent was to tax actual profits, after reasonable business expenses. The federal income tax is not intended to be a tax on total revenues. As a result, the Internal Revenue Service generally allows businesses and individuals who itemize their deduction

What Do I Need to File Taxes Online?

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In today's era of rapidly growing technology, filing taxes online is an increasingly popular choice--especially for taxpayers facing a crunch to get their tax documents filed on time. Choosing to file your taxes online provides many benefits, including quick confirmation and refunds, better accuracy

Grants for People Over 60

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A multitude of grants are aimed at improving the quality of life for elderly citizens over the age of 60. The services provided by these grants range from preventing telemarketing scams to providing multipurpose senior citizen centers. There are also programs that encourage seniors to achieve self-s