How to Get a Big Tax Refund with No Dependents?

If you are like many people, then a tax refund will be a big deal for you. Paying particular attention to your refund can help you succeed at getting a bigger one. However, there is always a possibility that you might not get as much tax refund as you expect.

Taxes on Social Security Benefits

Many Americans ask the question, ‘whether their social security benefits are taxable or not?’ The answer is yes. You have to pay taxes on social security at the federal level. However, it applies to only those retirees whose total income from several sources such as part-time jobs, pensions, investments, etc.,

Do you Charge Sales Tax on Items Shipped Out of State?

With the rise of e-commerce, the business now has access to the most significant and farthest markets, but it also demands more hard work. Even the smallest transactions aren’t simple and involve a lot of factors to be taken into count. One of the various aspects is to figure out

Where do I find my Income Tax Amount Form 1040?

Form 1040 is among the most commonly filed tax forms in the United States. It is an official document for U.S taxpayers to file the income tax return annually. It has various variations, and few changes have also been made to it. Overall, the form is divided into two sections.

How much does an Employer Pay in Payroll Taxes?

Payroll taxes are not only withheld from the employees’ wages but also the employer. They have various payroll tax withholding and payment responsibilities. And they have the important responsibility of withholding the liable social security and Medicare tax from employee’s income under the FICA act and paying their payroll tax. 

How to Reinvest in a House while Avoiding Property Tax?

Buying a house is the most significant investment of many Americans. Therefore, whenever they sell a home for profit, they have to pay a massive property tax on capital gains. We know that there is tax redemption if the capital gain doesn’t cross $250,000 for a single filer and $500,000

How to Get the Most Back on your Tax Refund?

No doubt, every taxpayer wishes to pay little tax or receive the most money in their tax refund. However, most of us never do anything to fulfill this wish while there is a way to get back more money in a tax return. Sometimes, we even end up paying more

Average Tax Percentage Taken Out Of Paycheck

When you receive a payroll check, your employer withholds some money from your salary as federal and state taxes and pays you the remaining salary. Anyone who gets a paycheck from the employer must understand the information available on the paystub regarding withholding taxes and deductions. Calculating the tax percentage

Federal Payroll Taxes that Support Retired Workers

Ever wondered why a big chunk of your hard-earned money is taken aback by your employer? That is because payroll taxes are playing a major role in your paycheck. The two most important taxes you see on your paycheck are FICA (Federal Insurance Contributions Act) and MEDFICA (Medicare Federal Insurance

How much can I Contribute to my 401k plans in 2021?

Offering 401k plans are the most easiest and effective way to save money for your retirement. The major benefit of this plan is that it allows you to save a significant amount on your retirement. This money will be transferred into your account automatically. However, there is a limit to