A Closer Look at IRA Annuity Insurance
An IRA Annuity is a blend of two financial tools designed for retirement planning: an IRA (Individual Retirement Account) and an Annuity.
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529 Plan: Best Investing for Your Child’s Future
As parents and grandparents, we all want the best for our children and grandchildren. One of the greatest gifts we can give them is a solid education. But with the rising costs of college tuition, saving for education can seem daunting. That’s where the 529 Plan comes in.
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May 15th? Time to Report Texas Franchise Tax
Texas franchise tax is a privilege tax imposed on each taxable entity formed or organized in Texas or doing business in Texas. Let’s see how it works.
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Which One is Better for Me? Standard Deduction or Itemized Deductions
Let’s explore the concept of standard deduction and itemized deductions. We’ll provide a simple and concise explanation of these terms and illustrate with examples to help you determine which option might be more beneficial for you.
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Capital Gains Tax on the Sale of Your Primary Residence
When you sell your primary residence, you may be subject to capital gains tax. However, IRS provides certain exclusions that can help you reduce or even eliminate this tax.
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Tax-Free Paradises: No Income Tax States in the USA
While some states levy a hefty income tax, others offer a tax-free haven to their residents. This article will explore the nine states that do not impose an income tax.
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How to Apply for TANF Temporary Assistance for Needy Families
What is TANF? The Temporary Assistance for Needy Families (TANF) program is designed to help low income families with children achieve economic self-sufficiency. The federal government provides TANF grant funds ($16.5 billions) to US states and terriories to provide families with financail assistance and related support services. State goverments use the federal TANF grants to fund monthly
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Innocent Spouse Relief: A Lifeline in Tax Troubles
Innocent spouse relief can help you not have to pay extra taxes if your spouse didn’t pay enough taxes on your joint tax return and you didn’t know about the mistakes.
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Do You Have Tax Refund Problems with IRS?
Low Income Taxpayer Clinics (LITC) assist low income individuals who have a tax dispute or tax refund problem with the IRS, and provide education and outreach to individuals who speak English as a second language (ESL).
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Roth IRA Simplified: A Comprehensive Guide for Novices
A Roth IRA (Individual Retirement Account) is a powerful investment tool that allows you to save for retirement using after-tax dollars.
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