classified as a Thai tax resident if you stay in the country for at least 180 days in a tax year, which is the same as the calendar year. Any income you earn from local sources as well as any income from foreign sources that you bring into Thailand will be assessable for tax purposes...
Defining low income The definition of "low income" can vary by household size, where you live and even the age of family or household members. A commonly used definition of low income in the U.S. is the government-established federal poverty level. The Department of Health and Human Ser...
If you qualify, complete Schedule 8812 to claim the Additional Child Tax Credit. Refundable child tax credit Raising a child is expensive. According to a 2015 report by the U.S. Department of Agriculture, it costs roughly $233,000 to cover food, housing, transportation, health care, clothing...
"Yet it is plain, we think, that by the true intent and meaning of the act the entire proceeds of a mere conversion of capital assets were not to be treated as income.Whatever difficulty there may be about a precise and scientific definition of "income," it imports, as used here, some...
Poverty is a state or condition in which a person or community lacks the financial resources and other essentials beyond income for a minimum standard of living.
Commodities –Raw materials like metals, energy, or agriculture are examples of commodities. Investors can invest in two ways. First, they can pick alternative investment products that symbolize digital ownership,or they can invest in genuine tangible commodities (such as owning a bar of gold) (i...
A 1099-G form covers various types of income you might have received from the government. Here’s what you might find on the form: Unemployment compensation (Box 1):If you received unemployment benefits during the tax year, the total amount will be listed here. Unemployment compensation is ta...
There are specific types of employment with different criteria for FUTA tax obligations, including: Agricultural employers: Those in the agriculture sector, like farms, must pay FUTA taxes if they have paid at least $20,000 in wages during any calendar quarter or if they have employed 10 or ...
Streamline refinancing is similar to rate-and-term refinancing, but it’s specifically for government-backed loan programs like ones backed by the FHA, U.S. Department of Agriculture (USDA) and Department of Veterans Affairs (VA). Streamline refis offer simplified processes with reduced documentatio...
Bolster national security. Certain industries, such as defense, high technology, and agriculture, can be considered critical to a country’s national security, and tariffs are sometimes used to protect those industries. Reduce foreign competition. When the cost of imported goods goes up due to tari...