Contents 1. The Oil Addendum 2. Automatic Spending Cuts 3. Tax Cuts 4. Those Who profits 5. The Estate Tax 6. Carried Interest The Oil Addendum The continuing resolution that authorized the use of conciliation to reform the tax law permitted the Senate Finance Committee…
Sugarna Priya
3 Min Read
Contents 1. Corporate tax 2. Understand the Status Quo 3. Demerit with the Status Quo 4. Conclusion Corporate tax In his Indiana speech of 2018, Trump said that cutting the top corporate tax rate from 35 to 20(the rate proposed at the time) will beget…
Sugarna Priya
3 Min Read
Contents 1. Income tax Rates 2. Standard Deduction 3. Personal Exemption and Health Care Mandate 4. Family Credits and Deductions Income tax Rates The law retained the old structure of seven individual income tax classes, but in utmost cases, it lowered the rates. The top…
Sugarna Priya
3 Min Read
Contents 1. Working process of Mortgage Interest Deduction 2. Mortgage Interest Deduction Is Beneficial 3. Mortgage Interest Deduction Is Not Beneficial 4. Qualifies for the Mortgage Interest Deduction 5. Conclusion Working process of Mortgage Interest Deduction The name says it all, the mortgage interest deduction…
Sugarna Priya
3 Min Read
Contents 1. Charitable Donation 2. Rules for Charitable Giving 3. Whole gift deductible 4. Non-Cash Donations 5. Charitable gift limits Charitable Donation A charitable donation is a gift of cash or property made to a nonprofit association to help it negotiate its pretensions, for which…
Sugarna Priya
3 Min Read
Contents 1. Charitable Contributions Deduction 2. Working process of the Charitable contributions Deduction 3. Special Considerations 4. Conclusion Charitable Contributions Deduction The charitable contributions deduction reduces taxable income by allowing individual taxpayers and businesses to abate contributions of cash and property to good charitable associations….
Sugarna Priya
3 Min Read
Contents 1. Duty Deduction 2. Itemized Deductions 3. Understanding Itemized Deductions 4. Itemized Deduction vs. Standard Deduction 5. Pros and Cons of Itemizing Deductions Duty Deduction A duty deduction is an amount that you can abate from your taxable income to lower the number of…
Sugarna Priya
3 Min Read
Contents 1. Fair Market Value 2. Understanding Fair Market Value (FMV) 3. Practical Uses of Fair Market Value (FMV) 4. Fair Market Value (FMV) and Taxation 5. Calculate Fair Market Value Fair Market Value Fair Market Value (FMV) is the price a product would vend…
Sugarna Priya
3 Min Read
Contents 1. Tax-Exempt Organization vs. Non-profit Organization 2. Tax-Exempt Organization the Same As a 501(c)(3) Organization 3. Tax-Exempt Organization Make money 4. 5 Groups Exempt From taxes 5. Conclusion Tax-Exempt Organization vs. Non-profit Organization Though frequently reciprocated to describe the same reality, there are worthwhile…
Sugarna Priya
3 Min Read
Contents 1. Summary 2. Common Tax-Exempt Earnings 3. Capital Earnings Tax Exemption 4. Alternative Minimum Tax and Exemptions Summary Tax-exempt refers to income or deals that are free from tax at the civil, state, or original position. The reporting of tax-free particulars may be on…
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