Self-Employed and Got a Tax Refund? Here's How to Make the Most of It
By Triston Martin / Mar 18, 2024
Are you self-employed and looking for ways to maximize your tax refund this year? Read this article to find out everything related to it
What Exactly is Indirect Tax?
By Triston Martin / Mar 15, 2024
Most businesses should know many types of indirect tax categories so they can properly pay the government while charging their customers.
Cash Requirements for Closing Costs in South Carolina
By Triston Martin / Mar 13, 2024
Understand the cash needed for closing costs in South Carolina. Essential insights for budgeting your home purchase.
A Comprehensive Guide to Understanding Section 250 of the Income Tax Act
By Triston Martin / Jan 20, 2024
Explore the intricacies of Section 250 and GILTI, its impact on shareholders' tax obligations, and strategic measures to optimize compliance and minimize tax exposure.
The Impact of Modernizing the Alcohol Tax: An Economic Perspective
By Susan Kelly / Jan 17, 2024
Explore the multifaceted impact of modernizing alcohol tax on industry dynamics, consumer behavior, public health, and government revenue. A comprehensive guide on a complex issue.
Decoding Tax Season: A Comprehensive Guide to Smart Tax Filing
By Triston Martin / Nov 25, 2023
Explore essential considerations for a stress-free tax season. Learn about tax planning, deductions, and crucial factors before filing your taxes.
What is Negative Income Tax
By Susan Kelly / Nov 21, 2023
The government gives low-income families tax credits through the Negative Income Tax. Read more about it along with its challenges and benefits.
Tax Moves To Make Now For The End Of The Year In 2022
By Triston Martin / Dec 17, 2023
Reviewing your financial condition, making adjustments to reduce your tax bill, and taking advantage of tax credits and deductions are integral parts of year-end tax preparation. Checking your tax withholding, getting the most out of retirement contributions, giving to charity, selling assets with capital losses, and claiming tax credits are all options. Preparing for tax season requires keeping up with the ever-changing tax regulations and preparing ahead of time.
How Does the Exclusion Work?
By Triston Martin / Dec 07, 2023
If you sell your principal house, you will likely not be subject to a significant capital gains tax. As of the tax year 2021, unmarried taxpayers who file a separate return may deduct up to $250,000 in capital gains on the sale of their principal homes, while married taxpayers who file a joint return can exclude up to $500,000 in capital gains.