health
What does 151 mean on your tax return?
tax offset Tax Topic 151 simply means that you’re getting a tax offset (e.g. due to stimulus payments) which may result in your refund being less than you...
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global news
Is interest on a life insurance loan deductible?
Loan proceeds are not considered taxable income, but you generally can’t deduct interest you pay on a life insurance policy loan from your taxable income....
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culture
Are tax codes changing in April 2021?
Your new tax code applies from the start of each tax year on 6th April and runs until the following 5th April. So the 2021 tax code started on 6th April 2...
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education
Is it OK to give someone your account and routing number?
If you are selling stuff online, and you need to receive money, avoid giving out your account number and routing number to people you don’t know. Again, i...
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environment
What are examples of taxable purchases?
Retail sales of tangible items in California are generally subject to sales tax. Examples include furniture, giftware, toys, antiques and clothing. Some l...
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business
How do I pay Maryland estimated taxes?
You can make estimated payments online using iFile, which also allows you to review your history of previous payments made through iFile and also schedule...
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business
Do you have to pay taxes on your house in Florida?
Florida doesn’t tax income at the state level, but Floridians are required to pay real property taxes (and other taxes) in Florida. Property tax is a syst...
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global news
What is the meaning of trouble logging?
What is Trouble Logging in? “Trouble Logging in?” feature enables you to resolve login related issues like forgot password, Transaction password and Locke...
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global news
How does selling your second home affect your taxes?
Selling your second home If you sell your second home, the gain will be taxed as a: Long-term capital gain — if you owned it for more than one year Short-...
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local updates
What is the website for stimulus checks direct deposit?
The online IRS portal for entering payment information and checking on the status of stimulus checks went live on April 15, 2020. The application is calle...
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