The Top 7 Countries With the Best Tax Rates
Many people complain about taxes in the United States. The 37% tax rate on higher-income Americans can seem unfair, but it is not without merit. Still, how does the U.S. stack up against other countries? Is the federal government worse than or better than other territories?When examining the tax systems of other countries, seven systems […]
Reasons To Reconsider Doing Your Own Taxes
Many people feel that doing their own taxes saves them money, but that is not always true. While it is possible to save money with DIY approaches and software, costly mistakes are also possible.Tax season is plagued by advertisements for tax software and promises of low tax bills. The commercials are accurate to an extent. […]
Get Your Tax Refund Quicker With These Tips
If you’re like many people, you find little joy in doing your taxes. However, when all is said and done and you finally hit “E-file” or send your packet in for review, you can rest easy in the knowledge that all your hard work is about to pay off via a refund.Many Americans look forward […]
Tax Reporting Changes in the Pipeline for Online Sellers and Services
With the evolving digital marketplace, it is not uncommon for people to make money selling goods and services. While some people make a side hustle out of the process, others bring in a substantial income selling online. The IRS now wants to know a little bit more about your profits from eBay or Etsy sales. In […]
Understanding Taxes as a Beneficiary
Inheritance and estate taxes seem like the same thing, and many people make that mistake, often interchanging the terms in conversation. However, each term refers to a specific concept and practice despite the similar subject matter.Estate taxes are of no concern to heirs because they are paid by the estate. The tax is typically a […]
7 Legal Ways to Decrease Your Tax Liability
If there is anything worse than filing your taxes, it’s finding out that you owe money at the end of the year. While everyone is posting to social media about their massive returns and what they plan to do with them, you’re over there wondering how you’re going to come up with the funds to […]