Did you maximize your tax-saving opportunities this year?
You might be missing valuable tax credits, deductions, and filing opportunities. Here are nine ways to maximize your tax savings. The post Did you maximize your tax-saving opportun...
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You might be missing valuable tax credits, deductions, and filing opportunities. Here are nine ways to maximize your tax savings. The post Did you maximize your tax-saving opportun...
JaneJones: didn’t do our normal charitable donation … now have to pay that and more to the fisc. I’m a bit confused here, you are being charged +100% tax on the income you didn’...
The Philippine Bureau of Internal Revenue (BIR) issued Memorandum Circular No. 57-2026 on Tuesday, May 26, to clarify the tax treatment of jackpot prizes and other gambling-related...
David I think George and Larkswood have explained that you should NOT put anything in 1AT. larkswood12: 1AT = pension lump sums wholly taken in one go - I don’t think you have...
As with regulation, some people are opposed to taxes. Other people are fine with taxes—usually with imposing taxes on others. In general, though, people prefer to not pay taxes. As...
letsmile: My remaining point is whether I need to add the same rental sum for both 4BA and 4BL, as I’m thinking one is for rental income from french property and the other is just...
Dangerous procedural traps; justification for change; unexpected tax exposure; and other highlights from our favorite tax bloggers.
David_Spardo: @George1 thanks to you too, and I’ll clear up the unclear. I have 3 UK pensions all paid into my UK bank account plus a ludicrous amount of interest (£9.18) which I...
David_Spardo: @George1 thanks to you too, and I’ll clear up the unclear. I have 3 UK pensions all paid into my UK bank account plus a ludicrous amount of interest (£9.18) which I...
Plus: Red cards and tax deductions, busting a TikTok tax myth, gift tax returns and Trump accounts, deferred compensation, sales tax zappers, tax trivia and more.
Im retired, I pay tax on the £50k. I couldn’t imagine living on the post tax value.
Celia0703: I’m not sure what you mean by choosing your tax rate. I mean you have the choice of paying a flat rate 12.8% tax on interest or having it added to the regular income...
IRC §68 as amended by the One Big Beautiful Bill Act, July 4, 2025 The One Big Beautiful Bill Act (OBBBA) fundamentally reshaped Section 68 by replacing the suspended Pease limitat...
Trevor Sikes & A.J. Collins, Check, Please: Workers React to ‘No Tax on Tips’ One Year In (Tax Analysts, 2026 TNTF 127-4) The qualified tips deduction, known as “No Tax on Tips...
Miriam Gottfried & Peter Santilli (Wall Street Journal): Stock Gains Without All the Taxes? How the Hottest Trade on Wall Street Works With the stock market near record highs,...
Edward Fox (Michigan) and Zachary Liscow (Yale), “The Rich’s Real Tax Trick Isn’t ‘Buy, Borrow, Die’” (Tax Policy Center, June 15, 2026): A fashionable theory of how the rich avoid...
Tracy Gordon & Aravind Boddupalli, America at 250: Ten Tax Facts to Remember, Tax Policy Center (June 29, 2026): The 250th anniversary of the signing of the Declaration of Inde...
Ray Kondler, CPA warns of a "rude awakening" under the 2026 10% gross gambling tax provision.
Ancient_Mariner: it’s about £40k per year to cover bills It’s that gross or net?
For many taxpayers — especially those with variable, limited or short-term tax capacity — credit transferability provides a practical and effective solution.
larkswood12: However my very exact friend @George1 might disagree, and as you have some invesgtigatory work ongoing I might be tempted to side with him if he leans towards full an...
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