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…
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 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…
