This rule, however, does not apply equally to all business owners. They, therefore, have to resort to other strategies meant to reduce their business taxable income for them to benefit from the tax deduction. Small businesses can achieve this by making maximum contributions to the traditional pen...
But the 36 year old has many more years until retirement, as compared to the 56 year old. As such, the company would have to contribute a smaller annual amount. However, the 56-year-old is just 6 years away from retirement age. Accordingly, the company has to make larger contributions ...
The best way to get your tax refund is by direct deposit. Here are five good reasons to join the 84 million taxpayers who chose direct deposit last year. IRS Direct Deposit: 1. Is Fast.The fastest way to get your refund is toelectronically fileyour federal tax return and use direct depo...