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What percentage are employment taxes?
The current tax rate for social security is 6.2% for the employer and 6.2% for the employee, or 12.4% total. The current rate for Medicare is 1.45% for th...
Category: General
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What impacts adjusted gross income?
Adjustments to Income include such items as Educator expenses, Student loan interest, Alimony payments or contributions to a retirement account. Your AGI ...
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How old do you have to be to rent a shore house in NJ?
Shore Summer Rentals offers listings tailored for our clients under the age of 25. When you book your rental with us, you don’t pay NJ Shore tax or bookin...
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What happens if mother and father claim child on taxes?
The Internal Revenue Service (IRS) allows you to potentially reduce your tax by claiming a dependent child on a tax return. When both parents claim the ch...
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Is a GS employee a federal employee?
The General Schedule (GS) is the predominant pay scale for federal employees, especially employees in professional, technical, administrative or clerical ...
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What is mortgage assumed by buyer?
An assumable mortgage allows a buyer to take over the seller’s mortgage. Once the assumption is complete, you take over the payments on a monthly basis, a...
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What is a PLLC in Texas?
A professional limited liability company (PLLC) is a type of business entity that can be formed by individuals or business partners who perform a professi...
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How do I get clients to sell?
10 Ways to Get New Customers Ask for referrals. Network. Offer discounts and incentives for new customers only. Re-contact old customers. Improve your web...
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Is sales tax included in a refund?
In most cases, when you change your mind about a purchase and return an item, your refund amount should include the sales tax you paid. Do you get money b...
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Are pet rescue fees tax deductible?
Adoption fees to an animal rescue shelter are not tax deductible. However, an unrelated donation would be deductible. Expenses you incur while caring for ...
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What is payment restructuring?
Renegotiating your debt payments Debt restructuring happens when you ask your bank or a similar lending institution to modify the terms of your loan to te...
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How can siblings help with aging parents?
If you’re the nearby sibling, ask your long-distance siblings to help with research or paperwork, contribute financially, or come for a visit and take ove...
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Can parents deduct graduate school expenses?
Any graduate student or their parent can claim the Tuition and Fees Deduction. This deduction is similar to the Lifetime Learning Credit in that only tuit...
