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Small-Business Taxes Articles and Tools

Savings Corner

Source link The post Small-Business Taxes Articles and Tools appeared first on Savings Corner. This may influence which products we review and write about (and where those products appear on the site), but it in no way affects our recommendations or advice, which are grounded in thousands of hours of research.

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2023-2024 Tax Brackets and Federal Income Tax Rates

Savings Corner

There are seven federal income tax rates in 2023 and 2024: 10%, 12%, 22%, 24%, 32%, 35% and 37%. federal tax rates will remain the same until 2025 as a result of the Tax Cuts and Jobs Act of 2017, but the income thresholds that inform the tax brackets are generally adjusted each year to reflect the rate of inflation [0].

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The “Friendship Tax”.

Prairie Eco-Thrifter

In response to the article, the concept of a “Friendship Tax” was introduced to me. But the difference between business and friendship expenses is that one is a necessity and the other is discretionary, which is why I don’t go for the whole “tax” concept. Have you ever heard the term “friendship tax”?

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Tax Reform – What it Means for Employees

For the Mommas

With the late December tax reform bill, many employees are wondering how this will impact them in 2018. We’ve written a brief summary below of some of the frequently asked questions regarding tax reform and their impact on individuals. When does the new tax law take effect? What are the new tax rates per tax reform?

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19 Articles to Help You Prepare for Back to School

Family Balance Sheet

Sales Tax Holiday 2011 at Consumerism Commentary - A list of dates, states participating, the items that will be relieved of a sales tax and the maximum cost. The third week of August was always the biggest week for back-to-school sales and one year, I remember selling 10,000 backpacks in that one week.

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Donating Household Clutter and Taking a Tax Deduction

Family Balance Sheet

While I love the instant cash that you can get from a yard sale, this year a tax deduction will have to do. It's been awhile since I've taken a tax deduction over having a yard sale, so I did a little research. Unfortunately not everything in your home is considered a tax deduction if donated. Keep it with your tax documents.

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Breastfeeding Supplies Tax Deductible

Saving Cents With Sense

Breastfeeding supplies are now tax deductible. However, if you are thinking of buying, you can always check out Amazon for a great sale – and remember to keep your receipt for your tax information. Disclosure: I am not a tax professional and this is not official tax advice. ©2009-11 Saving Sense Media LLC.

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