You can claim dependent children until they turn 19, unless they go to college, in which case they can be claimed until they turn 24. If your child is 24 ...
As we mentioned earlier- yes! ADHD does qualify as a disability, provided that the impairment is severe enough. Many cases of ADHD are mild or moderate in...
Only gold is not just a capital asset. If your normal income tax rate is less than 28% (meaning 10%, 15%, or 25% ), the long-term capital gains for collec...
Trade protection is the deliberate attempt to limit imports or promote exports by putting up barriers to trade. Despite the arguments in favour of free tr...
The North American Free Trade Agreement (NAFTA) was created to ensure that goods traded among Canada, Mexico and the United States receive preferential ta...
Prizes are considered taxable income regardless of whether the prize is in the form of cash, trips or merchandise. If you win a prize valued over $600, th...
National taxes refer to national internal revenue taxes imposed and collected by the national government through the Bureau of Internal Revenue (BIR) and ...
A tax haven is a politically and economically stable environment that provides individuals and corporations low or no tax liability. Customs and import du...
Local funding largely comes from property taxes. Federal money, which accounts for just 10 percent of all education funding, tends to target low-income st...