If you have been living in an assisted living situation for years now, or if you have only just started looking at your options for years yet to come, a common question people have is how they can fit the cost of this style of living into their financial plans. Some people may think that…
Do You Pay Taxes On Reinvested Dividends?
For anyone who is working or operating in the stock market, dividends can often be a vital part of the distribution of your and your shareholder’s profits. When your company is doing well enough that you are running a surplus or earning a healthy profit, then that is the time for you and your shareholders…
Do Freelancers Pay Taxes?
Going freelance often seems like an ideal. You imagine that you work on your terms, when and where you want, and pocket all your profits… But is it really as simple as that in real life? Do freelancers have to pay taxes, for example? And that’s exactly the question that this article is here to…
Can You Get A Passport If You Owe Taxes?
Do you presently have any unpaid tax debt? Are you wondering whether you can obtain a passport while you owe these taxes? Well, the answer will really all depend on exactly how much it is that you owe. So you want to sort out your passport so you can fly away and enjoy a vacation….
Do First Time Home Buyers Get A Tax Credit?
Getting onto the property ladder isn’t easy. Especially when the property market is constantly fluctuating. Buying your first home is a huge achievement, but it is by no means easy. You have to save money and have proof that you can afford to pay for the house that you want to buy in order to…
How Do I Know If My Tax Return Was Filed?
I don’t need to tell you how important getting your tax returns filled out and sent off is — if we fail to do so, we could be in some big trouble with the taxman! In fact, it’s such a nerve-racking area of life, it can cause anxiety even after you’ve completed and submitted your…
How To Reduce Capital Gains Tax
You might be looking to invest in something like stocks or property, and you could be weighing up the risks and rewards, such as the volatility of the market or making a regular income. If you add this to the capital gains tax, you’ll have to pay if you sell your home or make a…
Do Independent Contractors Pay Taxes?
You might have heard this type of worker being called freelancers or gig workers, but their purpose within the business is relatively the same. You might be this type of worker and are unsure of your tax obligations or unsure how to classify your expenses regarding your taxes, as you may generally have to calculate…
Can A Dependent File Taxes?
What Is A Dependent? In tax terms, a dependent is a person who is reliant upon another person as means of supporting themselves financially. A good example of a financial dependent would be a child, who relies on the financial support of a guardian. A person who has a dependent living off of their financial…
Do Federal And State Taxes Come Separately?
Filing taxes might be a yearly occurrence, but it can still be a little confusing. If you’re waiting for a refund from both your federal and state taxes, you might wonder why only one has turned up. Don’t worry, there probably isn’t an issue with your refund. State and federal taxes are processed by two…
