The 2022 tax season is the third one since the COVID-19 pandemic began, and as has been the trend, there are a lot of changes. It’s unlikely that the 2022 tax season will look like it did in past years,… Read More
Archive for the ‘Tax Information’ Category
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What in the World is the Withholding Tax?
The only thing that is as certain as paying taxes is how complex they are. There’s no way around it: taxes are confusing. That’s the way they’ve been for centuries (when collectors took wheat or rice instead of coins or… Read More
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More Advice for Correctly Claiming Tax Dependents
Taxes are no joke. There’s a reason why they are included in a popular joke about the only constants in life. Whenever you go to fill out and file tax-related paperwork, you must do so with caution. The IRS doesn’t… Read More
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How to Properly Claim Tax Dependents on Your Paperwork
Relatives and children both count as tax dependents. They matter so much because they qualify you for certain breaks you couldn’t access otherwise. Such breaks are bigger than you might believe, which of course, means filing the paperwork correctly becomes… Read More
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Tax Info: How to Handle Estate Taxes for a Deceased Loved One
Unraveling tax information under normal circumstances is already difficult. Moreover, there are aspects of tax info that you probably rarely think about. Then the worst happens. One of your loved ones passed away. Now, you’re facing financial obligations in all… Read More
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Your Guide to Understanding Back Taxes, Pt. 2
Filing back taxes seems inconvenient and inconsequential. At face value, you might not see much point in doing so. Despite that reaction, you’ve got to be on your guard. That’s because owing back taxes will put you on thin ice… Read More
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Your Guide to Understanding Back Taxes, Pt. 1
Owing back taxes can be an enormous drain on your finances. Tax debt is perhaps one of the most punishing kinds of debt. Even so, there are some glimmers of hope despite the prospect of being audited by the IRS… Read More
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How Can You Protect Yourself Against Potential Tax Identity Theft?
One of the reasons you may be subject to wage garnishment might not even be your fault. In this case, it is because someone has victimized you. When was the last time you had your identity stolen? Do you remember?… Read More
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A Second Look at How Tax Relief Works
If you haven’t already filed your tax return, it’s urgent that you do. The modified tax deadline was pushed back by a month, but it expires on Monday the 17th. When you owe back taxes, you might not even get… Read More
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Budgeting Help: A Breakdown of How Tax Relief Works
Tax bills are no joke, and they’re never a fun piece of mail to receive. Luckily, tax relief measures can make a significant difference. Although the IRS will inform you how much you owe, their agents will understand if you… Read More