IRA savings and deductions If you have cash, and access to your IRA custodian, you can still deposit money into your account today. In addition to increasing your retirement savings, you can lower your taxes for 2019. “If you qualify, you can get a deduction of up to $ 6,000 …
Read More »Saudi spending skyrocketed before the VAT jump when the triple shock hits the economy
Saudi Arabian citizens entered stores after coronavirus blockade restrictions were lifted in June, hoping to save money on non-perishable goods, from food and clothing to electronics and cars, before the kingdom triples your value added tax or VAT. Riyadh announced the levy, which increased from 5% to 15% on July …
Read More »Tax saving moves to make before July 15
With just two weeks to go until this year’s tax filing deadline, now is the time to take advantage of the opportunity to make some key moves, which could translate into good tax savings. The Covid-19 crisis prompted the federal government to extend the due date to file its 2019 …
Read More »Treasury Department, the IRS will not extend Tax Day a second time
Uncle Sam has listened to their requests for more time to file their taxes, and they have been denied. The Treasury Department and the IRS will meet the July 15 deadline for 2019 income tax returns and taxes due for that year, the agencies said. The announcement came less than …
Read More »Biden tells donors he will end most of Trump’s tax cuts
Democratic presidential candidate and former Vice President Joe Biden speaks during a Biden campaign event at a recreation center in Lancaster, Pennsylvania, USA, on June 25, 2020. Mark Makela | Reuters Presumptive Democratic candidate Joe Biden told potential campaign donors that his administration would end most of President Donald Trump’s …
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