The deadline to file your tax return is quickly approaching, so it’s a good idea to wrap things up and double check for any deductions or credits you might have missed. It’s extra important to pay close attention and make sure you’re getting the most of deductions this year. The Tax Cuts and Jobs Act […]
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A recurring question each tax season centers on financial gifts; what they are and how they are taxed. Gifting money, property, or valuables to your friends and loved ones can be complicated if your gift exceeds certain monetary limits. Once your gift has exceeded these limits, it becomes subject to gift tax. Understanding gift tax […]
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President Trump recently announced new tariffs on imports of steel and aluminum, in a move that got mixed reviews from business and political leaders. The new tariffs would increase levies on aluminum by 10 percent and steel by 25 percent. There is much debate about the sensibility of these tariffs, but rather than wade into […]
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Benjamin Franklin famously said, "In this world nothing can be certain, except death and taxes." What we can also be certain of is that strange, sometimes archaic taxes will always endure. For whatever reason, the following tax laws still exist, and they continue to bewilder the average taxpayer. (See also: The 11 Oddest Things America […]
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Though it may seem unthinkable to U.S. citizens, there are many countries all over the world that offer residents the benefit of no, or very low, income taxes. But before you start packing your suitcase and heading overseas for a tax-free life, keep in mind that U.S. taxation is based on citizenship, not residency. This […]
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