Child tax credit
Now, here's a real savings to the individual taxpayer with children. The child tax credit is a direct tax credit that is available to provide credit ...

401k and taxation
The 401(k) is a retirement plan implemented and provided to employees by their employer as a means to save for their retirement. Not only do many emp ...

C Corporation and Taxation
The C corporations are really the starting point for the use of a corporation as a form of business. The C Corporation existed much earlier than the S ...

Avoid the Tax on Capital Gains
Avoid the Tax on Capital Gains by Donating the Property to a Charity Avoid the Tax on Capital Gains by Donating the Property to a CharityBy Alan D Ca ...

Refinanced Your Home - Claim a Tax Deduction For Points
Refinanced Your Home - Claim a Tax Deduction For Points By Richard Chapo The mortgage refinance market has cooled off dramatically with recent rat ...

Business Expense
If you've ever been in business, the crucial importance and the tax liability impact of the business expense you incur over the course of a year are t ...

State and Local Taxes
Small businesses owners are dependent upon each state for their liability when it comes to payroll taxes for due a state because of the business opera ...

Mortgage Interest and Your Itemized Deductions
For the average consumer who has managed to acquire credit card debt, automobile loans, and various other small debts, is the mortgage interest, espec ...

Your Tax Dollars at Work
In case we should ever stop to question the government and the tax dollars of the US citizens has on the economy, let's take a look at the influence t ...

Capital Gains Tax
The current tax system imposed on corporations by the U.S. government is at best, a biased system; for corporations that have a net profit, taxes on t ...

Self Employment Pensions
As a member of the rank and file of self-employed, I can tell you that it is one of the most wonderful ways to make a living. It is also one of the b ...

What is a Dependent?
Other than fitting the description of a constant liability, what other qualifying attributes must one have, to be classed as a dependent, and how do y ...

Medical Deductions
Thanks to the complexity of the United States tax codes, the system itself, and the variations of tax codes from state to state, completing your perso ...

The Widening Income Gap: Rich vs. Poor
You would think that as a nation we suffer equally in economic downturns, but recent Census Bureau data, indicates otherwise. I know that you, as wel ...

Hope and Lifetime Learning Credits
What are the Hope and Lifetime Learning education credits, who is eligible, and why should we take them? Well, let's start with the first part of the ...

Corporate Income Tax
The current tax system imposed on corporations by the U.S. government is at best, a biased system; for corporations that have a net profit, taxes on t ...

Income Tax Refunds
Those are the words that every taxpayer would love to hear, yes, you're receiving an income tax refund. For many individual taxpayers those refunds c ...

Legal Entities and Tax Liabilities
The definition of a corporation is an organized form of business in which the ownership of the business is held by stockholders, or shareholders-indiv ...

Social Security and Our Current Tax System
Every week that you work, there are taxes deducted from your gross payroll that are distributed to the Social Security Administration, along with othe ...

Social Security Tax
Every week that you work, there are taxes deducted from your gross payroll that are distributed to the Social Security Administration, along with othe ...

Personal Exemptions
Thanks to the complexity of the United States tax codes, the system itself, and the variations of tax codes from state to state, completing your perso ...

Medical Expenses and Your Itemized Deductions
Thanks to the complexity of the United States tax codes, the system itself, and the variations of tax codes from state to state, completing your perso ...

Sole Proprietorship
There are several forms of organization for a business; the most common for small business is the sole proprietorship. In this article we're going to ...

Refund Anticipation Loans
Those are the words that every taxpayer would love to hear, yes, you're receiving an income tax refund. For many individual taxpayers those refunds c ...