Category: Taxes
Claiming Parents as Dependents for Tax Benefits
Finance KarmaDec 20, 2016
Claiming Parents Dependents for Tax Benefits Taxes make us part with our hard-earned money. It unwillingly sets us back by a few hundred dollars every month. But cheer...
File Tax Return Without W2
Finance KarmaDec 20, 2016
File Tax Return Without W2 Every one of us go through this yearly predicament where you bang your head against the wall to find out how to calculate income tax. Since...
Minimum Income to File Taxes
Finance KarmaDec 20, 2016
Minimum Income to File Taxes The IRS does allow a bit of exemption on the income earned annually. That is to say, not everyone who made a penny in the past year is...
How Can Married Couples File Taxes Separately
Finance KarmaDec 20, 2016
How Can Married Couples File Taxes Separately According to the tax laws, whether a person can tick either of the ‘married filing separately’ or...
Rules for Claiming Dependents on Taxes
Finance KarmaDec 20, 2016
Rules for Claiming Dependents on Taxes Every financial year, you need to worry about paying income taxes, don’t you? But there are a number of exemptions...
Exemptions on Tax Return
Finance KarmaDec 20, 2016
Exemptions on Tax Return You as an individual have to pay taxes to the federal government, for the income you earn every year. So, you need to report your income by...
Flat Tax Vs Fair Tax
Finance KarmaDec 20, 2016
Flat Tax Vs Fair Tax As the powerhouses in the US pit their wits against two startlingly different tax reforms to ever be implemented, the debate of flat tax vs. fair...
Penalty for Not Filing Taxes
Finance KarmaDec 20, 2016
Penalty for Not Filing Taxes If you think you can successfully evade taxes for one reason or the other, you are mistaken. The Internal Revenue Service (IRS) keeps track,...
Married Filing Jointly
Finance KarmaDec 20, 2016
Married Filing Jointly A married person has two choices when filing his or her income tax return: married filing jointly and married filing separately. Let us try and...
Tax Risk for Middle Class Americans: Increased Audits and AMT
Finance KarmaDec 20, 2016
Tax Risk for Middle Class Americans: Increased Audits and AMT By Erin Peterson Middle income Americans have become more exposed than ever to being audited by the U.S....
