Everyone wants to have lower taxes. Taxes are something that people are more than likely to complain about, and they see them as the way the government takes away from their hard-earned money. Being in the United States, you owe federal tax and state tax. A way to accomplish having a lower tax bill is to live in a state with no income taxes. As of 2021, nine states are … [Read more...] about No Income Tax States: How to Benefit from Geo-Arbitrage
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What Happens if You File Taxes Late? Here is the Good News and Bad
Just do it already. Reset your view on taxes if you think not filing a return is the best course of action for you. Why do you ask? If you file your taxes late, what will happen? Well, I'd love to keep it pithy and say, "You don't want to know," but you might care to learn what happens if you file your taxes late, regardless. Why else would you be here with this question in … [Read more...] about What Happens if You File Taxes Late? Here is the Good News and Bad
How to Do Taxes on Your Own: Your Complete 2021 Guide
If you earn a steady income or even an inconsistent one, you're likely paying taxes or on the hook for them. Employers withhold taxes each pay period from their employees' paychecks, sending them to the IRS and your relevant state and local governments. But that's only the first step in the process of handling your taxes. You’ll need to consider tax deductions and credits as … [Read more...] about How to Do Taxes on Your Own: Your Complete 2021 Guide
7 Tax Deductions and Credits for College Students to Save Money
In the past 20 years, the cost of attending college has tripled and increased almost 8 times faster than wages. While public higher education is mostly a state responsibility, the federal government does incentivize continuing education through tax deductions and tax credits. To understand how you might take advantage of these tax deductions as a college student or recent … [Read more...] about 7 Tax Deductions and Credits for College Students to Save Money
