If it was the search for a short route to Asia that brought the Dutch to North America, it was the beaver that made them stay. The beaver was particularly...

Now, as of January 15, 2021, the Tax Credit has been extended again. This means that certain qualifying air conditioners and heat pumps installed through ...

Capital gains tax is the taxes levied on the profit arising from sale of the property. Assuming the owner has owned the property for more than 1 year, cap...

The federal government doesn’t tax short-term disability benefits in California (unless the SDI payments are a substitute for unemployment insurance) nor ...

A rule of thumb is you want 30 percent of your take-home pay to be budgeted for your discretionary income. What is the average discretionary income? So I ...

The sooner you file your tax return, the sooner you’ll receive any refund due (and, this year, you might also boost your next stimulus check). That’s why ...

The biggest statutory payroll tax deduction is for the federal income taxes themselves. What percentage gets deducted from paychecks? The term “payroll ta...

value added tax (VAT) Imported goods are charged a value added tax (VAT) of 18% and a 15% witholding tax, which is not reclaimable. Combined, these taxes ...

Section 1221 defines “capital asset” as property held by the taxpayer, whether or not it is connected with the taxpayer’s trade or business. However, prop...

Claiming 0 on Your Taxes When you claim 0 on your taxes, you are having the largest amount withheld from your paycheck for federal taxes. If your goal is ...