Taxes are something that the majority of adults deal with on a yearly basis. Taxes are a fee charged to fund the government, it can be the country, state, county, ect…
The three main taxes are income, property, and sales. Income tax is the only one out of the three that are charged by the federal governement. Property and sales taxes at the moment are only charged by state and local governments.
Taxes can change yearly, each area can be different and to be mindful of the laws and regulations. The tax rate for income bracket seems like the most important becuase it effects the most adults in the United States.
- Capital Gains Tax: A Tax Based on Certain Assets SoldCapital gains tax (also known as tax cgt) is based on assets sold for profit for individual. These assets can be stocks, bonds, real estate, collections, and digital assets. Review the federal guidelines and your state guidelines. Federally there is a tax rate and mutliple states have their own tax rate on top of .… Read more: Capital Gains Tax: A Tax Based on Certain Assets Sold
- States with the Lowest Property Tax Rates in 2024Property tax is collected from local governments, generally based on the property values. Differnet states rank well with a lowest tax rate, just depending on the type of tax or state, but not all. This tax helps pay for schools, roads, community programs, ect… All the rates can be different for each county and state… Read more: States with the Lowest Property Tax Rates in 2024
- When is the deadline to file taxes if you filed an extension?October 15th, 2024 is the extension filing deadline for taxes for those whom filed for an extension for their 2023 federal taxes. It is always smart to make sure you have all the paperwork needed to file your taxes as soon as possible to avoid missing the extended deadline. Add this date to your calendar… Read more: When is the deadline to file taxes if you filed an extension?
- Tax DayTax Day is April 15th , for all states besides Maine and Massachusetts which are due April 17th, tax season started on January 1st. The deadlines are for payment of taxes or filing of an extension. October 15th is the deadline for payment, if filed for an extension. All during the 2024 year, filing for… Read more: Tax Day
- State Income Tax Rates 2023Although every state charges taxes, the factor that may change is how. The state income tax rate changes from state to state, from 0% upto 13.3%. When moving from state to state or city to city reviewing the difference in taxes may allow you to make living adjustments before its too late. Table Breakdown The… Read more: State Income Tax Rates 2023