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Powerball After Taxes: How Much Will The IRS Take?
How Much Can You Get From Powerball After Taxes? You know how it goes, one person becomes a millionaire overnight, and the rest of America…
Understanding The EITC: Who Gets Earned Income Credit?
For taxpayers who are low- to moderate income workers, the earned income tax credit (EITC) can be a highly valuable tax break that is very…
Short-Term Capital Gains Tax: A Quick Guide
A Quick Guide To The Short-Term Capital Gains Tax Capital gains taxes apply in different ways to different types of profits and investments, and so…
How Are Bonuses Taxed? A Quick Explanation
How are bonuses taxed? It's a valid question since, after a year’s worth of hard work helping your company meet its goals, getting a bonus…
Claiming Dependents On Taxes: A Complete Guide
What is Claiming Dependents on Taxes? For tax purposes, a dependent is anyone who relies on you for financial support and can be “claimed” on…
How To Know What Tax Rate To Use In Your Return
How To Know What Tax Rate To Use In Your Return The federal income tax system works on a principle that (in paper) is extremely…
Irs Code 971: What the Notice Means & How to Respond
A big part of the work that the IRS does is cross-checking information. As you can imagine, that means they’ll often run into returns and…
Earned Income Tax Credit (EITC): How To Qualify & File
Overview of the Earned Income Tax Credit (EITC) The Earned Income Tax Credit (EITC), also known as the Earned Income Credit (EIC), was established in…
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