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Self-assessors have just a couple of days left to file their 2022-23 tax return before the final deadline of midnight on 31 January. Last week, the tax office said it was still waiting for 3.8 million people to file their online returns. Failing to submit a self-assessment on time will land you with a £100 […]

Owning a house in the US is expensive, especially with rapidly rising home prices over the past decade — the Case-Shiller US National Home Price Index has set record highs for the past several years. And in additional to expensive down payments and mortgages, US homeowners pay an average of $17,459 every year for “hidden expenses,” according

With just one week to go until the self-assessment deadline on 31 January, HMRC has revealed that 3.8 million people still haven’t filed their tax return. HMRC is expecting more than 12.1 million tax returns to be filed for the 2022-23 tax year, along with any payment that is owed. However, to date, just over

If you have any children under the age of 17, including any born during 2023, you could be eligible for the child tax credit. If you’re eligible, it could reduce how much you owe in taxes, but it won’t provide you with a refund because it’s nonrefundable this year. Also, you must meet several requirements

Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors’ opinions or evaluations. Understanding your tax bracket and rate is essential regardless of your income level. Both play a major part in determining your final tax bill. The IRS has announced its 2024 inflation adjustments. And while

As CPA tax professionals gear up to prepare clients’ 2023 tax returns, they will have to address recent changes in tax laws and rules, as they do every year. In addition to technical issues, to best prepare for the upcoming tax season’s pressures and deadlines, practitioners should assess the management of their tax practices to

We’ve witnessed a remarkable rise in the cost of home ownership over the past decade. Along with exponentially rising home prices, mortgage rates have soared, compounding the affordability problem. And once you’ve bought a house, the expenses don’t stop — Real Estate Witch estimates that homeowners in the US spend an additional $17,459 each year

The winter holiday season might not bring to mind your income taxes, which aren’t due to be filed until April 15, 2024, but the end of the year can be an excellent time for checking your financial situation and making changes to your situation to improve your tax refund or liability for 2023. While these

If you’re a small business owner, you know what an arduous undertaking it is to manage your taxes. From finding all the tax deductions that are available to maximize your federal income tax savings, there are so many individual steps involved and rules to keep track of that it’s easy for even savvy entrepreneurs like