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The Tax Penalty for No Health Insurance
Health insurance is an essential aspect of financial and medical security for many Americans. However, for those who choose to go without health insurance, there…
Tax Write Off for Donations to Goodwill
Donating to Goodwill is a great way to give back to the community while also benefiting from potential tax savings. The IRS allows taxpayers to…
Backup Withholding: What It Is and Who Has to Pay It
Backup withholding is one of those tax mechanisms that can seem deceptively simple: Normally, it’s used by the IRS to ensure that individuals and businesses…
State Income Tax Rates in the U.S.
State income tax rates vary widely across the U.S., from states with no income tax at all to those with steep progressive rates. This article…
Understanding Back Taxes: What They Are and How to Handle Them
Back taxes are unpaid taxes that were not paid by their due date. They can accumulate over time due to various reasons, such as financial…
Energy Efficient Home Improvement Credit
With rising energy costs and growing environmental concerns, many homeowners are looking for ways to improve their homes' energy efficiency. The Energy Efficient Home Improvement…
Defining the Qualified Business Income Deduction (QBI)
For many, the QBI deduction is a crucial tool in managing tax costs, but it can also be complex to understand. Knowing how the deduction…
What is the Fresh Start Program And How Can it Benefit You?
The Fresh Start Program is an initiative by the Internal Revenue Service (IRS) designed to help taxpayers struggling with unpaid taxes. Originally launched in 2011…
