February 17, 2012This is always a key question during tax season. While most income received is taxable and must be reported on your federal income tax return, there are some instances when income may not be taxable. To help you out, the IRS has provided the following list of items that are NOT included as taxable income:
For the complete article on taxable versus non-taxable income, download and review the IRS’ detailed guide—IRS Publication 525.
The recent popularity of M. Night Shyamalan “Old” offers a fascinating yet unsurprising truth—we fear aging. This fear could be why so few of us consider saving for retirement until it’s too late. When seniors reach retirement age, many discover they haven’t saved enough to live comfortably in their golden years.
Do you have back taxes that have been lingering at the forefront of your mind for years? If that’s true, there’s no better time to manage them than now. Don’t let another year pass you by without taking responsibility for your tax circumstances. Fortunately, there are plenty of hassle-free options available for those who need to file back taxes.
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Scheduling “me time” used to be a luxury for those who could afford it—now it’s a necessity for everyone.