If you are expecting to be refunded money owed to you, you need to know when you can expect to receive it. Disruptions to the receipt of money due can be very problematic because outgoings don’t stop just because incoming money is delayed. And if you don’t know when the money is due to arrive,…
Category: Taxes
Are Closing Costs Tax Deductible?
There is a lot to think about when you’re filing out your taxes, hoping that you include every little thing that the Internal Revenue Service (the IRS, the body that collects your taxes) will need to know about. Filing taxes can be especially difficult for people who have just bought a home, with lots of…
Are Bonuses Taxed Differently?
You’ve earned bonuses for this year? Hooray! But do you have to pay your taxes on them? Yes, bonuses are considered supplemental wages by the IRS so they need to be taxed as regular income is. The good news is that it is your employer’s responsibility to work out how much to withhold from your…
How To Opt Out Of Child Tax Credit
While we are all very lucky to live in a country where the needy are provided for through such schemes as child tax credit, not everyone wants to receive it. If you are very proud, taking a hand out such as the child tax credit feels wrong, especially if you feel like you don’t really…
How Long Does It Take To Do Taxes?
As a financial year draws to a close, it’s wise to start thinking about filing your taxes. This complex and arduous process can be time-consuming, but it’s important that it’s done correctly so you don’t get that dreaded visit from the IRS. Tax filing is a daunting task for most taxpayers. This guide will help…
Are Home Improvements Tax Deductible?
If you’re about to do some home improvement work on your house, then you may be wondering whether you can save on some money and deduct the home improvements from your taxes. After all, we’re all looking to save where we can. So, are home improvements tax deductible? We’ve got the answers for you in…
Are Personal Loans Tax Deductible?
There are many different reasons why someone might want to take out a personal loan. You might need it to pay off an unexpected bill, purchase a car, or even help consolidate your other debts. Whatever your reason for taking out a loan, when tax season rolls around, you probably are wondering if you have…
Are Medicare Premiums Tax Deductible?
When filing your tax return, you need to know exactly what you’re doing. One little mistake, and you could be in receipt of a hefty fine, or even be sent to jail. That’s why it pays to read articles like this one that spell out what things are tax-deductible and what things aren’t. It can…
Can You File Taxes On SSI Disability?
When tax season comes around once again, with the sight of all those forms to contend with, the last thing you want to be thinking about is whether you need to file any forms if you receive benefits from Supplemental Security Income. You might receive this as part of the social security disability insurance if…
Can You Claim Rent On Your Taxes?
During tax season, it can seem daunting to bring together all expenses and income, and if you’ve got to this step, then great. But what about other costs, or incomes, like rent from a property? Whether you’re a renter or a landlord, you might get waves of information, and it still doesn’t answer your questions…
