For taxpayers, filing a federal income tax return is often a regular practice. In some cases, errors occur or life events demand adjustments to previously filed returns. These instances necessitate…
For those who work as self-employed individuals or run a business, taxes can be a bit more complex than the standard paycheck withholdings. Enter estimated tax payments—the mechanism by which…
Financial wellness is not a one-size-fits-all concept, and it can take different forms throughout various life stages. For individuals in their 20s to 60s, financial stability often revolves around income…
Selling an asset at a loss may seem like a negative scenario, but it can present a silver lining – capital loss tax deductions. While capital gains taxes are due…
The U.S. labor market is witnessing a significant shift towards the so-called “Gig Economy.” The advent of this new work paradigm has introduced more flexibility into the way people generate…
The convenience of e-filing income tax returns has attracted an alarming number of fraudulent activities. Tax identity theft is a rapidly growing concern in the financial world, targeting millions of…
The world of real estate can be both lucrative and challenging, especially when it comes to understanding the implications of selling a property. One aspect you need to consider is…
The Presidential Election Campaign Fund (PECF) has undoubtedly caught the eye of many taxpayers who diligently file their returns each year. The option to contribute $3 to this fund is…
Bartering, the practice of exchanging goods or services without involving money, has been around for centuries, and it continues to be a popular way for individuals to acquire items they…
Financial stability and securing a prosperous retirement are top priorities for many individuals. The U.S. government understands this need and has implemented measures such as the Retirement Savings Contribution Credit…
