A Comprehensive List of States with No Sales Taxes

The content describes five states in the US that do not impose a general sales tax: Alaska, Delaware, Montana, New Hampshire, and Oregon. These states offer shoppers a great way to save money on their purchases since there are no extra taxes to pay.

All About: Taking the Home Office Deduction

The home office tax deduction is a way for taxpayers who use their home as their primary place of business to get some tax savings. This deduction can be claimed by people who work from home, run a home business, or who have an area dedicated to their job in residence. The IRS allows homeowners to deduct certain home office expenses from their taxable income, reducing the amount of tax they owe.

You Need to Know about Business Taxes

All business transactions can be recorded with the aid of accounting software. A cash-based accounting software system can automatically compute totals, giving you the data you need to file taxes. A professional accountant is available for hire to assist with all of your bookkeeping and tax preparation requirements.

How You Can Apply For Tax Transcript from IRS?

Learn this article to know more about what a tax transcript and its types are and how you can apply for a tax transcript from the IRS.

Calculating Tax Equivalent Yield: Will Municipal Bonds be Right for You

If you want to compare the yield on a taxable bond to that of a tax-free municipal bond, you need to know the tax-equivalent yield.

6 Factors To Consider When Comparing 529 Plans

529 plans are tax-advantaged accounts that can be used to pay educational expenses from kindergarten through graduate school.1 There are two basic 529 plans: educational savings and prepaid tuition. 529 plans are sponsored and run by the 50 states and the District of Columbia. The rules and fees of 529 plans can differ by state. 529 plans can be purchased directly from a state, broker, or financial advisor.

Tips for Filling IRS Form 1040-SR

Form 1040-SR of the Internal Revenue Service is a specialized form of Form 1040 that was developed particularly for use by senior persons.