Across the year it can be very difficult to save money for families and individuals, especially when it comes to filing and paying the correct amount of tax. However, there are periods every year where governments have tax holidays, which is where there is a temporary reduction or elimination of tax for a set amount…
Where To Mail Federal Tax Returns
When you are filing your tax returns, you will feel like every single part of the process is complicated. Sadly, finding the where to post said tax return is also a complicated affair. Today, we will endeavor to make it easier for you. You will be able to tell where you need to post your…
Are GoFundMe Donations Tax Deductible?
Many of us tend to live just within our means financially, and this means that we want to ensure that we spend our money well and that as little as possible gets wasted. And for many people, this becomes especially important when it comes to charitable donations. If someone pledges a certain amount of money…
How Much Are Bonuses Taxed?
A bonus is never a bad thing, and can be a sight for sore eyes in a paycheck. Working hard to help your company achieve its annual goals should be rewarded in a fair and proportional way. However, bonuses are taxed differently than your regular income by the IRS. They also count towards an income…
Why Is My Tax Return Taking So Long?
Tax season always seems to come around quickly, but the time waiting for your return can seem excessively long. The IRS aims to get refunds sent within 21 days of an e-filing, and 2 months of a paper filing. Tax returns can be delayed due to backlogs in the system, errors in the form, and…
Are Grants Taxable?
If you can get your hand on a grant it’s a great way to try and help you get your small business off the ground. And while free money might almost sound too good to be true, you’d never turn it down, right? Now, that may sound a little misleading, after all, it’s not all…
Are Moving Expenses Tax Deductible?
Moving home can be a really stressful time, and if you’re starting from scratch it can be a fairly expensive time too. So it’s understandable that you’re looking into seeing whether or not you can deduct the tax from your moving expenses. However, as much as I hate to be the bearer of some bad…
How To Get Tax Transcript
There are many reasons why you may need access to your tax transcript. These can be used to provide lenders with proof of income for mortgages and student loans, or to see the information from a previous filing. If you want to access your tax transcript, it doesn’t have to be a long or difficult…
Can You Go To Jail For Not Filing Taxes?
We all know how quickly time can fly by, and how quickly the year can pass you by, and that is why it is so easy to miss filing your taxes. It is an easy mistake, and it is something that a lot of people have done at some point in their lifetime. However, that…
Are Settlements Taxable?
Going to court can sometimes be a lengthy and stressful process. By the end of this process, you probably don’t want to add any more extra stress to your life. So if you’ve been awarded money as part of a lawsuit settlement, you probably want to know if it’s taxable or not and whether you’ll…
