How To Get The Saver’s Tax Credit For Retirement Contributions!
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How To Get The Saver’s Tax Credit For Retirement Contributions!

What is the Saver’s Tax Credit? The Saver’s Tax Credit is also referred to as the retirement savings contributions credit. This is because it is a tax credit available to regular workers who contribute to retirement accounts. Single filers can receive a $1,000 non-refundable credit and joint filers can get $2,000. Depending on income levels…

How To File Your Taxes As An Expat in Canada!
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How To File Your Taxes As An Expat in Canada!

Are You an Expat Living in Canada? Here’s How to File Your Taxes Credit: DrJenkins365 under CC0 1.0 – no changes were made to the image] There are many enticing reasons to move to Canada. First, it’s one of the world’s most accepting countries for migrants. The government offers residents free healthcare, paid maternity leave, and paid statutory holidays….

What Are Some Tax Deductions You Can Take If Self-Employed?
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What Are Some Tax Deductions You Can Take If Self-Employed?

What does it mean to be self-employed and what does that mean for your tax deductions? Being self-employed means starting your own business, whether it is a sole-proprietorship (like this blog), or a big company with many employees. To start your own business, you have to apply for a business EIN from the IRS. You…

Non-Deductible IRAs How To Avoid Being Double-Taxed On Your IRA Contributions!
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Non-Deductible IRAs How To Avoid Being Double-Taxed On Your IRA Contributions!

What are non-deductible IRAs? Traditional IRAs are individual retirement accounts offered by investment brokerages in the US. The money you invest in traditional IRAs is typically money that you contribute with after-tax money, and then if you have the option to deduct these contributions from your total taxes for the year if your itemized deductions…

What Are Taxes?
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What Are Taxes?

What are taxes and how do they work? Taxes are the fees everyone in the world pays to their government in one way or another to pay for the goods and services provided by the government like law enforcement, health care, the military, and others. Taxes are normally collected in a few different ways. What…