Taxes

What Are Property Taxes?

What are property taxes? Property taxes are a form of taxes that people have to pay on any “property” that they buy. Property taxes are taxes that property owners have to pay every year typically on things like housing and vehicles of just about every sort. Property taxes are paid on houses, office buildings, cars, […]

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What Are Tax Deductions?

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 that […]

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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 […]

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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 […]

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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 […]

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