How to file bankruptcy for free! Seen by many as a last resort, filing for bankruptcy is a legal process designed to assist individuals or businesses unable to repay their debts. Although it might sound daunting, it can provide a lifeline to those drowning in financial burdens, providing a fresh start by eliminating some or…
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 lower your property taxes! Everyone who owns any type of property, whether that be housing, a car, or some other types of vehicles has to pay property taxes every year. Considering that property taxes tend to go up over time, they are an expense that everyone needs to pay close attention to, lest…
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,…
How to file your taxes for free! Every single year, there comes a time when it’s time to pay the piper, or in this case your government. Every year people have to file their taxes according to the law and either pay taxes or if you’re lucky get some money back from the government. There…
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 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…
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…
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 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…
