Self-employed taxpayers likely need to pay quarterly tax payments and meet key IRS deadlines. Here’s a closer look at how quarterly taxes work and what you need to know when filing your tax returns.
While the IRS requires you to file Form 4868 to request a tax extension, each state has its own requirements for obtaining a similar extension.
THE JERSEY SHARE: HOW TO PAY FOR LONG-TERM CARE WITH LESS FEDERAL MONEY A Case Study in New JerseyNew Jersey is caught in a vise. One jaw of the vise is demographics, an aging population with expensive health care needs. The other jaw is limited revenue, the necessity to constrain ...
One thing to keep in mind: You’ll have a tax bill if and when you sell your house at a profit, Rosen says. “You’ll have to pay tax on the business percentage of the gain,” she said. “For example, if your home office was 10% of your home, then 10% of the gain would...
More:Arkansas State Tax Guide Sponsored Content (Image credit: Getty Images) How retirement income is taxed in California Californiais ranked by Kiplinger as one of theworst states to retirewhen it comes to taxes. Some retirees might pay an income tax rate as high as 14.4% (if they...
Inheritance taxes often loom large in heirs' minds, but rarely are they a concern in reality: Only a small handful of states levy a tax on inheritances, so odds are you won’t have to pay one. But if you live in a state that does impose a tax, the specifics of your inheritance ...
Sales tax is a type of indirect tax. Indirect taxes apply to the sales of goods or services paid for by the customer to a business, which in turn has to pay the tax collected to the state or other local tax authority. This is why sales tax is often referred to as a “pass-through...
You may also have to pay an additional license fee based on your municipality. Processing fees typically run a few hundred dollars. When it comes time to renew your license (licenses typically last between one to three years), you will have to pay a renewal fee. Depending on your state, ...
Starting a business in New Jersey means you can take advantage of the Garden State’s many economic resources. Learn how to start a New Jersey business.
If you live in a state that has an estate tax, you’re more likely to feel its pinch than you are to pay federal estate tax. The exemptions for state and district estate taxes are all less than half those of the federal assessment. Some go as low, relatively speaking, as $1 million...