Income taxes are a major expense for many Americans and are often the largest annual cost that individual taxpayers face. Therefore, it is important to understand how Pennsylvania income tax brackets work to minimize your tax bill and protect your financial future. Here are a few strategies that can help you do just that. Pennsylvania … Read more
Medicare is a federal health insurance program for people 65 or older and those with certain disabilities. It is available in every state, including Oregon. Private Medicare Advantage plans combine Medicare services with additional benefits, which vary by state. A licensed Oregon Medicare agent can help you determine your Oregon Medicare options. Oregon has significant … Read more
Property taxes are a form of local government revenue used to fund a variety of services for residents. They are levied on real estate by taxing subdivisions and based on its value. These funds are used for school districts, municipalities, fire districts, police departments, libraries, parks, and more. Property taxes can significantly burden homeowners and … Read more
The Louisiana Department of Revenue is releasing an updated version of its popular LaTAP online sales tax payment portal. This new version allows business owners to update their addresses and make payments (including Louisiana State, Parish, and Local Beer & Wine Taxes, Alcoholic Beverage and Special Fuels Taxes, Automobile Rental Excise Tax, Hotel Occupancy, and … Read more
Child support is a court-ordered payment from one parent to another to help with the cost of raising a child. The law requires both parents to contribute financially to the care of their children after separation or divorce. The amount is determined by a specific formula, and it takes into account each parent’s gross income, … Read more
Business registration is a fundamental step for entrepreneurs, especially those seeking to launch enterprises that adhere to state guidelines. This procedure entails thoughtfully choosing a legal name, completing the necessary forms and acquiring relevant permits and licenses at the town/city level. It is also wise to establish a separate bank account for business expenses, which … Read more
In Kentucky, the federal Medicare program provides affordable healthcare for almost 950,000 people who are 65 or older. In addition to a monthly premium, Kentucky Medicare beneficiaries receive free yearly eye exams, preventive dental care, and limited coverage for prescription drugs. Some Kentucky Medicare beneficiaries have additional needs and qualify for Medicaid, which offers four … Read more
Michigan tax brackets vary by your level of taxable income and tax-filing status. For example, married couples filing jointly pay a higher rate than single filers or heads of household. Your employer is required to withhold federal and Michigan state taxes from your paychecks if you work in the state. The amounts withheld will depend … Read more
The Comptroller of Maryland offers several payment options for individuals who have a state tax debt they cannot afford to pay in full. After filing a return and paying the initial balance due, taxpayers receive an income tax notice containing available arrangements for settlement of their debt. If the monthly payments required to settle their … Read more
The state of Alabama has approximately $1 billion in unclaimed property. These assets include money and items from forgotten bank accounts, utility deposits, insurance benefits and safe deposit boxes. The State Treasury is responsible for reclaiming these assets. The process involves filing paperwork through the Office of the United States Bankruptcy Court. If you are … Read more