How Unemployment Benefits Affect Your Taxes

November 24th, 2015 at 10:32 am — By admin

If you recently lost your job, filing for unemployment benefits is one of the first things you will need to do. Receiving unemployment benefits can help you to get by financially as you search for new employment. However, there are tax consequences related to unemployment benefits. You need to know what you will pay in… Continue reading

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How Do Taxes Affect My Credit?

November 16th, 2015 at 1:01 pm — By admin

When you are focused on improving your credit, paying on time and avoiding high amounts of debt will help you build a great credit rating. If you are not paying your taxes, or you use personal loans or credit cards to pay your taxes, your tax bill is something that could have a devastating impact… Continue reading

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Gluten-Free? You Might Qualify for a Tax Deduction!

November 10th, 2015 at 3:19 pm — By admin

As a person living with Celiac Disease, it probably took you a long time—maybe even years—to get a diagnosis of this condition, which prevents the body from processing and digesting the protein gluten. In recent years, the push to recognize the importance of a gluten-free diet has vindicated many people suffering from Celiac Disease. With… Continue reading

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Why Low Oil Prices Are Bad News for State Budgets

November 10th, 2015 at 2:31 pm — By admin

While many states rely heavily on taxes levied on the oil and gas industry, the falling price of oil in recent months is contributing to the drying-up of much-needed tax revenues. How do states such as Alaska, Texas and other mineral-rich states get creative when they need to supplement their budgets? Here’s a quick look… Continue reading

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Keep These in Mind for Next Year – Tax Deductions You Might Have Missed

September 21st, 2015 at 12:27 pm — By admin

Tax season has passed us by, but it’s not too early to start looking for ways to maximize your refund or limit your tax liability next year. There are dozens of interesting and unique tax deductions you might’ve missed. Below you can take a look at some of the more unique deduction opportunities that may be… Continue reading

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Why Don’t Billionaire Homeowners Pay Property Taxes in New York?

September 8th, 2015 at 2:45 pm — By admin

“If we can find a bunch of billionaires around the world to move here, that would be a godsend,” opined Michael Bloomberg during his tenure as mayor of New York City. “Because that’s where the revenue comes to take care of everybody else.” His dream was that the taxes they paid would provide such an… Continue reading

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How to Fix an Ailing Social Security Program

August 11th, 2015 at 12:43 pm — By admin

When President Franklin D. Roosevelt created the Social Security program with the 1935 Social Security Act he revolutionized the way Americans would live for decades to come. While social security has served the American populace well, the system can no longer sustain itself long enough to provide the same benefits for the future generations of… Continue reading

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Does The Tax Code Favor The Rich?

August 4th, 2015 at 2:06 pm — By admin

Where the federal government is concerned, taxing the public is pretty much equivalent to federal spending. Don’t get lost in the legal language associated with taxing—tax credits, tax deductions, exemptions, and exclusions are colorful words that describe adding money to bank accounts, not subtracting money from them. In 2013, the Corporation for Enterprise Development conducted… Continue reading

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After Documentary, Scientology’s Tax-Exempt Earnings Attracting Attention

August 3rd, 2015 at 1:46 pm — By admin

The Church of Scientology is getting a lot of attention these days thanks to “Going Clear”, HBO’s recent documentary on Scientology and a number of its practices. One aspect of Scientology which is receiving even more attention than before is the church’s tax-exempt status. Part of the controversy extends to how the Church of Scientology… Continue reading

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Which States Are Tax-Friendliest?

July 16th, 2015 at 2:15 pm — By admin

If you’re willing to relocate, you can save quite a bit of money on taxes. By shopping around from state to state, you can save significant amounts on your bill for business or personal taxes. According to Entrepreneur, individuals can save 10% to 30% simply by moving. States and municipalities set widely different tax rates… Continue reading

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