Income tax rules of 2018 that every individual must know about

Income tax rules of 2018 that every individual must know about

IRS issued the new official tax brackets, standard deductions, and other amounts like phaseouts and credits in March 2018. The GOP appears to have settled on a final tax bill. Below are the 2018 income tax rules that have substantial changes in the brackets, deductions, and exemptions. This data plays a key role in your tax planning for 2018 and the amended income tax return that needs to be filed.
Read More
Everything you need to know about using an income tax estimator

Everything you need to know about using an income tax estimator

People always dread that time of the year when they have to file their tax returns. This is because filing for tax returns is a tedious process, and people often end up making erroneous calculations. To prevent such fiascos from occurring, a majority of people hire professionals to help estimate their tax returns.
Read More
Invest in municipal bonds with these five popular funds

Invest in municipal bonds with these five popular funds

Debt securities are issued from time to time to finance certain types of capital expenditure. One such security is municipal bonds issued by a state, municipality, or county. A debt obligation arises after municipal bonds are issued for facilitating projects that are in the interest of the public. Popular examples of capital expenditure include the construction of highways, bridges, schools, and hospitals among other public interest projects.
Read More
Five tips on tax planning for 2018

Five tips on tax planning for 2018

To get the finances in order, it is necessary to have the tax planning for 2018 in order. It ensures that one makes all the right money moves next year. It is important to know how the federal tax reforms can be benefited. One must know how the new tax bill will impact them as the reforms may lead to some paying more and some paying less tax.
Read More
TaxAct Software – Features, Benefits, and Plans

TaxAct Software – Features, Benefits, and Plans

Tax season is scary for many people and organizations because they must review documents, perform complex calculations, and adhere to several laws. Luckily, the market has several tools to make these tasks easier.  TaxAct provides both individuals and businesses with an easy-to-use interface for rapidly preparing and filing their taxes.  Those searching for reliable tax preparation software can check its features, benefits, and costs to determine whether it meets their requirements.
Read More
Key Things to Know About Paying Property Tax

Key Things to Know About Paying Property Tax

Property tax, also known as ad valorem tax, is levied on real estate and other property. Usually, local governments assess the property tax based on factors such as the property’s location and worth. Furthermore, failing to pay the property tax may result in a tax lien (a legal claim made by the government on the property), and in case of a sale, the government may receive some or all of the proceeds.
Read More
How to choose the best tax software

How to choose the best tax software

Unlike the traditional tax filing deadline of the 15th April every year, there was a slight respite this year with the deadline extended until April 18th. With federal income tax, state income tax, total income tax, earnings. And then there are specific ways to calculate these taxes based on your filing type, locations, and annual earnings to add to the complications.
Read More
10 Most Tax-Friendly States In The Country

10 Most Tax-Friendly States In The Country

Federal taxes are uniform across the country. However, taxes imposed by states varies throughout the country. Thus, some states impose a limited number of taxes on the residents, while others impose quite heavy taxes. Based on this, there are the least tax-friendly states and best tax-friendly states. If you are relocating, it is essential to know which states impose more taxes and which states impose the least taxes.
Read More