For business owners, a new year signals tax season preparation. For tax year 2023, several long-standing tax breaks are changing. — Getty Images/sturti For many small business owners, the new year signals the start of tax season preparation. The filing deadline for tax year 2023 is Monday, April 15, 2024, which means now is the […]
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Consider Paying 2023 Bills Now Unless your finances have changed significantly, you probably have a pretty good idea whether you’ll itemize or claim the standard deduction when you file your 2022 tax return. If you plan to itemize — or you’re close to the threshold — now is a good time to prepay deductible expenses,
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1. Home office expenses With many of us working from home, there are several home office expenses you may be able to claim as tax deductions. These include: Keep in mind that most people aren’t able to claim: Home expenses, like mortgage interest, rent and rates Costs of general household items, like coffee, tea and
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Tax tips for seniors | Advisor.ca Skip to content Opens in a new window Opens an external site Opens an external site in a new window Source link
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Tax Tips 2023: How to Prepare for Tax Day Morgan Stanley Source link
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In a number of situations, a family might have only one income. One parent might stay home to raise the children, or a single parent might be raising children alone due to divorce or widowhood. No matter the situation, it can be tough to make ends meet with only one income. When you consider the
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Tax tips & guides for 2023 CommBank Source link
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Many people think that publications by the Internal Revenue Service (IRS) are the definitive source of information about how to file your income taxes, but this actually isn’t the case. The tax code, also called the Internal Revenue Code (IRC), is where the actual rules are published. Unfortunately, in addition to being thousands of pages
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:max_bytes(150000):strip_icc()/shutterstock_161844431-f2deb12b4dd3425e9b7dea2c0f99fab2.jpg "Newlyweds? 6 Money-Saving Tips for Filing Your Tax Return")
Among the many things in life that change for newlyweds: your tax return. You are no longer single (or the head of household). You are now, by the power vested in you by the IRS, married filing jointly—or maybe married filing separately. How you file once hitched could determine whether your tax bill or refund
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Income is taxed at the federal, state, and local levels and earned income is subject to additional levies to fund Social Security and Medicare. Taxes are difficult to avoid but there are several strategies you can use to help ward them off. Here are six ways to protect your income from taxes. Key Takeaways Contributing to
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