U.S. citizens, resident aliens, and certain non-resident aliens holding an interest in specified foreign financial assets with an aggregate value exceeding $50,000 at the end of the tax year or $75,000 need to file IRS form 8938. Here are all instriuctions

In Arizona, the income tax rate is 2.5%. Regardless of any other factors, taxpayers in Arizona must pay 2.5% of their previous year's income as tax.

For Alabama residents, understanding the state's income tax structure is crucial for effective financial planning. Alabama's income tax rates depend on different income sources.

Florida is a tax-friendly state with no state income tax. The sales tax rate is 6%, and property taxes are relatively moderate at an effective rate of about 0.71% on owner-occupied homes.

Learn about when are business taxes due 2024 and the deadlines for filing business taxes. Ensure compliance and financial stability by filing your taxes on time

Box 12 on your W-2 form includes codes (A to HH) that provide additional information about your income and its tax implications.

You can check the status of your Michigan state refund online by visiting the official site. If you claim itemized deductions on your federal tax return, Michigan refunds must be reported as income.

Financial accounting involves recording, summarizing, and reporting a business's financial transactions over time, guided by key principles and concepts to ensure accurate and consistent financial reporting.

Modified adjusted gross income is your AGI plus untaxed foreign income, non-taxable Social Security benefits, and tax-exempt interest, adjusted for certain deductions and penalties.

A W-4 is an IRS form you fill out for your employer to decide how much federal income tax to withhold from your paycheck.