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Vermont state tax: Overview Vermont has four income tax brackets, and the state still taxes Social Security benefits for some filers. Property taxes are high when compared to most other states, and Vermont also has an estate tax. However, the sales tax rate in Vermont is about average, and many types of essential items are […]

Rhode Island state tax: Overview Rhode Island state tax is high where property taxes are concerned. The higher-than-average tax rate and home values (compared to other states) can drive up tax bills. However, the sales tax rate in Rhode Island is reasonable, and income tax rates are fairly low compared to many other states, especially

3. Know your standard deduction If you are confident you will take the standard deduction, which is $12,950 for single filers and $25,900 for joint filers in the 2022 tax year, which will reduce some of your paperwork. (If you are 65 or older, the standard deduction is $1,400 higher per person for married couples filing

Is your estate plan optimized to ensure your loved ones are cared for as you envision? Do you have a concentrated position that you need to diversify? From essential updates on the tax landscape and how you can navigate it most efficiently, to tips on making the most out of the things in life you’re

Part I of this two-part blog discussed how to identify penalty relief associated with the IRS’s recently announced broad penalty relief initiative on IRS tax account transcripts and explained the many uses of the transcript transaction code (TC) 290. Part Two continues with more helpful tips I hope you will find useful when trying to

If you have children or other dependents, and qualify to claim them on your tax return, there are a few things you need to know before you file your federal tax return. General Information Child and dependent-related tax benefits are some of the most common claimed benefits on federal tax returns each year. If you

The Australian Tax Office (ATO) collects income tax from working Australians each financial year. In Australia, financial years run from 1 July to 30 June the following year, so we are currently in the 2023–24 financial year (1 July 2023 to 30 June 2024). The income tax brackets and rates for Australian residents for both

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