Why Are Taxes Important?

Why Are Taxes Important? coins, caliper, calculator

Every year around April 15, you’ll hear Americans groan about “tax day.” That’s because federal and state income tax forms are due around that time. But have you ever wondered why you have to pay taxes? In the United States, we have governments at the local, state, federal levels. These governments have various parts to them, including legislators, executives, judges, and many […]

Should We Pay A Work-From-Home Tax?

Should We Pay A Work-From-Home Tax? man, laptop, chart, work, paper

Many people are discovering they enjoy working from home. Should they pay higher taxes if they decide to stay away from the office even after the pandemic? The idea was floated this week by a research team at Deutsche Bank (DB). It proposed a tax on remote workers once COVID-19 is brought under control to support the economic […]

Top 7 Reasons Why You Should Set Money Aside for Taxes in 2021

Top 7 Reasons Why You Should Set Money Aside for Taxes in 2021 tax time, post-it notes

It’s November, which means that there are only about five months until Tax Day. It may seem like a lifetime away, but it’s really just around the corner. And if you think you’re going to owe money on your taxes this year, you only have a few months to start setting savings aside to pay […]

How Taxes on Groceries, Candy, and Soda Can Get Tricky

How Taxes on Groceries, Candy, and Soda Can Get Tricky groceries, vegetables, produce

Even in 2020, jack-o’-lanterns and fake skeletons have popped up in neighborhoods as they do every October, although Halloween may look and play out differently this time around. According to the National Retail Federation, fewer people plan on partaking in Halloween activities, but those that do expect to spend more than usual—and that spending includes candy.1 […]

Can You Pay Taxes With a Credit Card?

Can You Pay Taxes With a Credit Card? credit card, gold

Your accountant probably doesn’t want you to pay your taxes with a credit card. But there are special cases in which using a credit card for your tax bill may be a necessary last resort or help you save with bonus rewards. Here’s what you need to know about paying your taxes with a credit […]