What is a Schedule A tax form? Schedule A is used to itemize deductions when filing your federal income tax return. On Schedule A, you'll detail all of your eligible expenses according to the categories listed. Once you have your total deduction, you'll
IRS Form 1040 is used to file your individual tax return each year. You may also need to file other types of 1040 forms depending on your sources of income and the deductions you're claiming, such as Schedule A or Schedule C. Prepare for the upcoming tax
Continuing claims track the number of U.S. residents filing for ongoingunemployment benefitsin a given week. It measures ongoing unemployment benefits, which is in contrast toinitial claims, which track new filings for benefits. In order to be counted among continuing claims, a person must be co...
The IRS isn't as heartless as most people believe. The IRC is laden with tax deductions and tax credits you can claim to reduce either your taxable income or the amount of tax you owe. Tax creditssubtract directly from the tax you owe and some are even refundable. The IRS will send yo...
Asbestos is a natural mineral and carcinogen that causes mesothelioma. Learn about how to identify it, cancers caused by asbestos and asbestos litigation.
It's also important to be aware of what your deductible is. If damage to your home is minimal and inexpensive to repair, it might not be worth filing a claim because your premium could rise. "When you know that information, then you also know what's worth escalating to the insurance co...
1. Filing GST Returns A GST number is required to fileGST returns, which are periodic statements of a registered person’s transactions and tax liability. Filing GST returns is mandatory for every GST-registered person, even if there is no business activity or tax liability in a given period...
But there’s a caveat. If you take a loss, you must stay out of that stock for a month to avoid violating the “wash sale rule.” If you buy back into the position of previously purchased stock within 30 days of its sale, you can no longer claim that loss on your taxes. Instead...
What is chargeback fraud? Chargeback fraud occurs when a customer intentionally disputes a charge in order to receive a refund, while keeping the product or service. The customer may claim they did not receive the product, that the product was defective, or that the transaction was unauthorized....
An early decision agreement is not legally binding, but there can be consequences if a student rejects an offer.