If you were lucky enough to receive a Paycheck Protection Program (PPP) loan during the Covid-19 pandemic, you’re probably wondering what this means for your tax return. And that’s exactly what this article is going to address, and we’ll also tackle all of your most frequently asked questions on the subject along the way. Please…
Category: Finance
Is Net Before Or After Taxes?
If you are not a numbers person, it can be tricky to understand your accounts, especially when you take into account all the different jargon that comes with it. From assets to gross and net income, there are lots of new words that you need to learn, and this is part of what makes your…
Is It Illegal to Burn Money?
A single US mint can produce as many as 13.5 billion coins annually. Keep in mind that there are four such mints in the United States. That means the government could create as many as 54 billion new coins in only 365 days. It seems like we can afford to destroy a few of them! Every American has had the itch to burn, cut,…
Auto Financing: Can You Get a Car Loan Without a Job?
The unemployment rate in America is 3.6%, meaning that around 6 million Americans do not have jobs. The rush to reemploy after the pandemic faces many challenges like transportation, where to return to work, these 6 million Americans must seek auto financing. Now more than ever unemployed and self employed people need to know how to secure a…
Why Are Taxes So High in the US?
When tax season comes around and you have to pay your taxes, it’s easy to feel frustrated and annoyed. It seems like so much of the money you earned goes back to the government to pay taxes. But why are taxes so high in the US? With the ability to tax, the government can have greater…
Can You Have Multiple Car Loans?
Data shows that in 2021, the average car cost more than $42,000 and came with an average payment of $563 a month. But, of course, this doesn’t include expenses like gas, car insurance, and maintenance. While having a car is a significant expense for many, only second to housing, is it possible to have multiple car loans?…
Beginner’s Guide to Stocks and Schedule D
Recent data from Gallup found that 58% of Americans own stock. If this includes you, then you may have questions about when you need to report the stocks you own. For example, do you need to report unsold shares? This guide will walk you through Schedule D requirements and how you report gains (and losses) from stocks and other securities. So…
Are Funeral Expenses Tax Deductible? (Best Guide!!)
According to the National Funeral Directors Association, in 2021, the average cost of a funeral with a viewing and burial was about $7,900. Cremation costs were slightly lower at an average of nearly $7,000. With burial costs being a significant expense, it’s common to wonder if funeral expenses are tax-deductible. Unfortunately, individual taxpayers cannot claim funeral expenses…
Do You Have to Pay Property Taxes Forever? (Best Guide!!)
Do you own a property and wondering “Do you have to pay property taxes forever?” Its a good question and many of the property owners think about this question all the time. What is Property Taxes? Property taxes are taxes levied on real estate property by the government. The amount of tax you pay depends…
Kia Niro Tax Write Off 2022-2023(Best Tax Deduction)
Are you a Small Business Owner who is looking to Learn How to Maximize your Tax Savings using Kia Niro Tax Write Off? Do you want to Learn what amount is tax deductible and how to qualify for maximum Section 179 and Bonus Depreciation? In this article we will be discussing how to get Maximum…
