Taxes

With more employees working from home than ever before, the subject of tax deductions has become very topical. Perhaps you’ve heard other remote workers brag about the expenses they’ve managed to trim from their income taxes by working from home. Well, enough with the anecdotal hearsay! Let’s determine whether you’re eligible to save money working […]

When discussing income tax, it’s easy to confuse similar-sounding technical terms. The boundaries around tax exemption and tax deduction are particularly blurry. Although these two types of reductions tend to be used interchangeably, they have separate structures and operate under distinct criteria. Recognizing the differences between exemptions and deductions will help you gain a better […]

Solar power energy provides benefits such as low pollution, energy savings and a reduced carbon footprint. In an effort to encourage people to install solar power in their homes, the U.S. government introduced federal solar tax credits for new residential and commercial systems in 2006. This tax credit can help to offset equipment and installation […]

If you’re thinking about moving to a new state, then you might want to look at its taxes. Since individual income, property, and sales/excise taxes vary from state to state, your total tax burden can vary significantly. So, where do residents pay the most taxes? To figure that out, a recent WalletHub report compares every […]