PAY LESS INCOME TAX ON YOUR HOME SALEBy Rick Stouffer
Though most home-sale profit is now tax-free, there are still steps you can take to maximize the tax benefits of selling your home. Learn how to figure your gain, factoring in your cost basis, home improvements and more.
Tap on the Refunds, Payments, Free Tax Help, or Connect icon at the bottom of the mobile device’s screen, fill in the requested information, and the app connects you directly and securely to the IRS. The Tax Help section offers a series of free tools to assist in preparing and filing...
Sales tax is a tax that is paid to a tax authority for the sale of goods and services. Sales taxes can also be referred to as retail, excise, or privilege taxes, depending on the state. Sales tax is paid by the buyer and is collected by the seller. The seller has the obligation to...
Whether you're dining at your favorite eatery or getting food delivered to your home, if a tip isn't included on your restaurant or delivery bill, click the image above to calculate how much to tip the person who brought it to you. And if you got at least $20 in gratuities in Decemb...
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There are always used laptops, graphing calculators and other supplies for sale on eBay, Amazon and other online platforms. Local dollar stores If you're shopping for a younger student, or someone who isn't particular about their supplies, consider going to the dollar store. Simple supplies ...
The formula for sales tax is a simple algebra equation that involves converting a percentage to a decimal, then using the decimal as a multiplier on the cost of the item to get the final sales tax amount. When written out, the equation looks like this: ...
For example, California residents must pay sales tax on things like furniture, gifts, toys, clothing, vehicles, mobile homes, and aircraft.3If a Californian purchases clothing from a California retailer, the retailer will collect sales tax from the buyer at thepoint of saleand remit it to the...
They sell their home within two years of the death of their spouse. They haven’t remarried at the time of the sale. Neither the seller or their late spouse took the exclusion on another home sold less than two years before the date of the current home sale. ...