A person is seen as a very long term investment, and everyone wants to make sure that they put away as much money as possible. Your pension can go up or down over time, due to changes in laws and tax rules in the future. Not only does a pension help you support yourself during…
Do Babysitters Pay Taxes?
Babysitting is a job that is likely not to be the first that comes to mind when you think about paying taxes due to the fact that, in most cases, it is a low-wage and/or temporary position. However, there are some situations wherein you will need to pay taxes as a babysitter. With this…
How To Reduce Taxable Income
If you want to reduce the amount of tax that you pay each year, the most obvious way to do so is to reduce your taxable income. And if you want to learn just how to do so, you’ve certainly come to the right place. In this article, we’re going to cover a number of…
Do Businesses Get Tax Refunds?
No one enjoys paying taxes. For most of us, the hope of a tax refund is the one silver lining to the whole process. Tax refunds are common for individuals, but are they applicable to businesses? Understanding Your Business Entity Type Different business entities pay their taxes in different ways. Before we talk about all…
Do Renters Pay Property Tax?
If you’re renting or thinking of moving into a rented property, there are many things you have to account for like water, electricity, new furniture, and cable bills, it doesn’t end! On top of that, you may have heard of property tax and are wondering if you have to pay another bill on top of…
Do Indian Reservations Pay Taxes?
Native Americans, or American Indians as they are sometimes known, have long had a fraught relationship with the federal government. Years of conflict between Native Americans and European settlers, often backed up by the might of the federal government, characterized the 18th and 19th centuries of American history. The end result was that Native Americans…
Are 401K And IRA The Same?
Throughout your working life, you will make contributions to your pension. Saving for retirement is incredibly important because when you stop working, you will stop earning. So, it is very important that you save enough money during your working life to sustain your lifestyle once you retire. Your retirement will be funded by a number…
Do You Have to Pay Sales Tax on Used Car?
The used car market is just as lucrative as it always has been. While lots of people are steadfast in purchasing only new cars, there is a whole other group of people who loyally purchase cars that have already been owned by other people. It is these people that keep the used car marked moving….
Can You Amend A Tax Return?
Whether you love them or hate them, like death, taxes are pretty much a universal certainty that ordinary people have to deal with. It’s the only way that the wheels of daily life often function, so it is often on us to pay that burden. Fortunately, there are at least a few systems in place…
How Is Passive Income Taxed?
These days, there are more opportunities to earn some extra money than ever before. However, a lot of people will feel exhausted at the idea of earning additional income, when they’re so wrapped up in the time-consuming nature of their regular job. How can they possibly do some extra work on top of that? Well,…
