Five Key Facts about Unemployment Benefits
If you lose your job, you may qualify for unemployment benefits. The payments may serve as much needed relief. But did you know unemployment benefits are taxable? Here are five key facts about unemployment compensation: [...]
Top Six Things You Should Know about the Child Tax Credit
The Child Tax Credit may save you money at tax-time if you have a qualified child. Here are six things you should know about the credit. 1. Amount. The Child Tax Credit may help reduce [...]
Ten Facts That You Should Know about Capital Gains and Losses
When you sell a capital asset the sale results in a capital gain or loss. A capital asset includes most property you own for personal use or own as an investment. Here are 10 facts [...]
Are your Social Security Benefits Taxable?
If you receive Social Security benefits, you may have to pay federal income tax on part of your benefits. These IRS tips will help you determine whether or not you need to pay taxes on [...]
What Income is Taxable and What is not Taxable Income?
All income is taxable unless the law excludes it. Here are some basic rules you should know to help you file an accurate tax return: • Taxed income. Taxable income includes money you earn, like [...]