Know Your Taxes
19 views | +0 today
Follow
Know Your Taxes
Know Your taxes
Your new post is loading...
Your new post is loading...
Scooped by Everything Finance
Scoop.it!

** Tax Breaks for Home Owners

If you are a home owner, you may enjoy having your own place and yet feel overwhelmed with the financial responsibility. While owning a home can be costly, the government does offer some tax relief to lessen your financial burden. As a homeowner, you may be able to take advantage of several tax incentives.

more...
No comment yet.
Scooped by Everything Finance
Scoop.it!

** Know Your Types of Taxes – Expatriation Tax

The United States government, unlike other governments, expects its citizens to pay U.S. taxes regardless if the citizens lived and earned their income in other countries. If you live abroad for a year and make a living in another country, you are responsible for paying taxes to the United States on that income.

more...
No comment yet.
Scooped by Everything Finance
Scoop.it!

** Know Your Taxes: Consumption Tax

Consumption tax is a tax on goods or services. In the United States, consumption taxes have an important place in American history; the Boston Tea Party was a revolt against the British imposed consumption tax on tea.

more...
No comment yet.
Scooped by Everything Finance
Scoop.it!

** Know Your Taxes – Excise Tax

Excise taxes, also known as indirect taxes, are those charged to the manufacturer on the production of items for sale with the expectation that the manufacturer will recoup the tax expense in the sales price of the item.

more...
No comment yet.
Scooped by Everything Finance
Scoop.it!

** Know Your Taxes – Corporate Tax

** Know Your Taxes – Corporate Tax | Know Your Taxes | Scoop.it

Much like individuals are charged income tax on their income, businesses are charged corporate tax on their net profits.

more...
No comment yet.
Scooped by Everything Finance
Scoop.it!

** Know Your Taxes – Income Tax - Everything Finance

United States citizens are responsible to pay a yearly income tax based on their taxable income, which is their net income minus allowable deductions.

more...
No comment yet.
Scooped by Everything Finance
Scoop.it!

** Job Hunting? You May Be Able to Get a Tax Deduction

** Job Hunting? You May Be Able to Get a Tax Deduction | Know Your Taxes | Scoop.it

Whether you have been laid off or are simply looking for a new job, if you have job-search related expenses, you may be able to qualify for a tax deduction.

more...
No comment yet.
Scooped by Everything Finance
Scoop.it!

** Know Your Taxes – Ad Valorem

Ad valorem taxes, from the Latin, according to value, are ones that you must pay on the assessed value of real estate and other personal property.

more...
No comment yet.
Scooped by Everything Finance
Scoop.it!

Know Your Taxes – Currency Conversion Tax

Know Your Taxes – Currency Conversion Tax | Know Your Taxes | Scoop.it

Currency conversion taxes are those taxes utilized in the financial sector for financial transactions as opposed to taxes on consumers for purchases and other consumables.

more...
No comment yet.
Scooped by Everything Finance
Scoop.it!

Itemized Deductions vs. Standard Deduction

Itemized Deductions vs. Standard Deduction | Know Your Taxes | Scoop.it
Should I take the standard deduction or itemize deductions?
more...
No comment yet.