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Tax Tips

Do you pay taxes on capital gains in Florida?

Do you pay taxes on capital gains in Florida?

Capital gain is a concept within economics that describes the profit that is made after a sale of an investment or an asset. Assets that can provide capital gain include properties, cars, stock and even businesses. Some states have required that people pay taxes for...

What new tax bracket changes will take place in 2022?

What new tax bracket changes will take place in 2022?

The arrival of the 2022 tax season will introduce taxpayers to several new changes. While income tax rates are remaining the same, as they have since 2018, the brackets into which each individual or married filing jointly taxpayer falls may not be the same as it was...

What will the child tax credit payment dates be for 2022?

What will the child tax credit payment dates be for 2022?

If you received Letter 6419 in the mail, then you are likely eligible for further child tax credits from the IRS in 2022. Many families received half of the newly expanded child credit payments in the previous year. But the rest of the payments will be going out...