Paycheck Taxes
We all look forward to receiving our paycheck. We can calculate from the number of hours we worked on our salaried amount how much we should get paid. When the check comes, the amount on the bottom line is always less than anticipated. We see a list of abbreviations...
Can I Write Off Bad Debts On My Taxes?
Practically every small business has receivables that it cannot obtain from clients. If your small business doesn't have any such receivables, consider yourself lucky. For those small businesses that suffer from uncollected receivables, solace can be taken from the...
Donating Your Car – Tax Considerations
With the start of the New Year and tax time right around the corner, you are probably looking for items that you can deduct to reduce your taxable income. Since the laws on what can be claimed vary from state to state and country to country, there is a lot of...
How To Deal With Feuding Coworkers
You think your work life would run smoothly if you get along with your coworkers. However, if they’re feuding, you could wind up caught in the middle. Maybe an office romance has turned sour, or two junior account executives are competing for one promotion. Maybe 40...
Should You Donate Your Car?
Next to wanting to contribute to charitable causes, perhaps your biggest motivation to donate your car is the substantial tax break it can give you. Don’t be misled by information about your return because the tax breaks you can get from a car donation may not be as...
Some Income Tax History
The first known income tax that Americans were legally required to pay was enacted during the 1860s and the Presidency of Abraham Lincoln. The Civil War proved very costly to fund, and the President and Congress created the Commissioner of Revenue and enacted a law...
Is A 529 Plan Right For You?
Your child is ten years old but has decided they want to be a doctor. You’re probably pleased with the prospects of having a doctor in the family. However, if you’re like most parents, you try to hide the panic as you consider how much a college education eight to ten...
10 Tips To Avoid Student Loan Debt
Student loan debt is growing at a rapid rate. Too many students borrow as much as possible, which can be a grave mistake. There are many ways to minimize your student debt and take control of your future. Avoid mortgaging the next 10+ years of your life to earn a...
What Is A 401(k)?
Many employers offer 401(k) plans to help their employees save for retirement. However, there is much to learn about the 401(k) – details and explanations that will help someone decide whether a 401(k) is right for them or not. Most employers provide tax-deferred...
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