What are the tax benefits of homeownership?
The tax code provides several benefits for people who own their homes. The main benefit is that the owners do not pay taxes on the imputed rental income from their…
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Tax Rate
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Five And A Half Tax Tips For U.S. Employers Managing International Remote Workers
Partner, Managing CPA, and thought leader at Bright!Tax Expat Tax Services, the award-winning US tax provider for Americans living abroad. The pandemic may have changed working habits forever, as both employers…
10 Ways Your Income Taxes Will Be Different in 2021 .
It’s been a year like no other, and taxes will be no exception. Your federal income tax return for 2020 — the one due by April — will be a…
A Beginner’s Guide to Independent Contractor Taxes
What Is an Independent Contractor? An independent contractor (IC) is simply someone who works for someone else but not as an employee. An employee is someone who works for a business, and the…
Everything You Need to Know About Rental Income Tax
If you own an investment property and collect rent from your tenants, it’s important to declare that rental income on your taxes. You can, however, deduct expenses you incur to…
Brokerage Account vs. IRA: What’s the Difference?
The primary difference between an IRA or a brokerage account is the purpose for which you are opening one. An IRA, or Individual Retirement Account, is a retirement-based account that…
What Is the Capital Gains Tax?- techmirror.in
What Is the Capital Gains Tax? The capital gains tax is the levy on the profit that an investor makes when an investment is sold. It is owed for the…
What Is a Wash Sale?
You may have seller’s remorse in a down market. Or you may be trying to capture some losses without losing a great investment. However it happens, when you sell an…
What Does It Mean to Be Pre-Tax or Tax-Advantaged?
The taxman cometh, and that may have you wondering: What does it mean for something to be pre-tax or tax-advantaged? From commuter and child care benefits to retirement accounts, pre-tax…
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