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Taxes
House Budget Bill Cuts Average Taxes By $2,900, Favors High-Income Households
The budget reconciliation bill passed by the House on May 22 would cut taxes by…
How Much Can You Inherit Without Paying Taxes?
An inheritance can offer helpful financial support, but it may also come with tax considerations.…
How to File for a Tax Extension in All 50 States
Filing a state tax extension can provide extra time to prepare and submit your state…
Can You Deduct Property Taxes on Your Tax Return?
When tax season rolls around, homeowners often wonder if property taxes are deductible on their…
10 Examples of Taxable and Nontaxable Income
Understanding what counts as taxable income and what does not can significantly impact your financial…
How Much Can You Inherit Without Paying Taxes?
An inheritance can offer helpful financial support, but it may also come with tax considerations.…
How to Avoid Capital Gains Taxes in Washington State
Washington State imposes a 7% capital gains tax on the sale of certain long-term assets,…
Can You File Another Tax Extension After October 15?
For most individual taxpayers, the October 15 tax extension deadline is final. Unlike the automatic…
Why Does Trump Want Tariffs?
President Donald Trump sees tariffs as a means to reduce trade deficits, encourage domestic manufacturing…
What Is Earned Income? Examples and How to Calculate
When it comes to taxes and financial planning, you need to know the IRS has…
Refundable Tax Credit: Explanation, Eligibility, Benefits
Tax credits reduce the amount you owe to the IRS, but not all tax credits…
Nonrefundable Tax Credit: Definition, Types, Examples
A nonrefundable tax credit can lower what you owe to the IRS, sometimes substantially but…
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