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Guidance for All Your Tax Needs

Welcome to our taxation website! Our platform is designed to provide individuals and businesses with valuable insights and tips on all things taxes.

Our mission is to empower readers with knowledge and tools for informed tax decisions. By demystifying taxes and offering valuable resources, we aim to save readers time, money, and stress.

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At FactsOnTaxes.com, we are dedicated to helping individuals and small business owners stay informed about the latest tax laws, regulations, and strategies.

Our tax blog is a valuable resource that provides expert insights, up-to-date information, practical tips, and a community of like-minded individuals who share your interest in taxes and finance.

We cover a wide range of tax-related topics, including personal and business taxes, tax planning strategies, deductions and credits, IRS audits, and much more.

Taxation Calculators

At Facts On Taxes, we understand that taxes can be complicated and confusing. That’s why we offer a range of user-friendly taxation calculators that simplify the tax calculation process and provide accurate results. Our calculators cover a wide range of tax-related topics, including income tax, payroll tax, and capital gains tax.

By using our taxation calculators, you can get a better understanding of your tax liability, plan ahead, and make informed decisions about your finances. Plus, you can save time and money by avoiding costly mistakes and errors that can result in penalties and interest charges.

Our taxation calculators are free, easy to use, and available 24/7, making them a valuable resource for individuals and small business owners alike.

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Facts on TaxesFederal Income TaxFiling TaxesGambling Winnings
September 3, 2023

What Happens If You Fail To Report Gambling Winnings On Your Tax Return?

Gambling can be a thrilling and sometimes lucrative pastime for many individuals, but what often escapes the excitement of hitting a jackpot or winning big is the responsibility that comes with it when tax season rolls around. Failing to report…
Facts on TaxesFederal Income TaxFiling TaxesGambling Winnings
September 3, 2023

What Tax Rate Applies To Gambling Winnings On A 1099?

Navigating the tax implications of gambling winnings can be a perplexing endeavor for many individuals. While the thrill of hitting the jackpot or scoring big in a poker game can be exhilarating, it's essential to understand the tax obligations associated…
Excise TaxesFacts on TaxesPersonal TaxesTaxes
August 30, 2023

Why Do Governments Impose Excise Taxes?

Excise taxes, a peculiar category within the realm of taxation, serve as both revenue generators and regulatory tools for governments around the world. Unlike the ubiquitous income and sales taxes that touch nearly every aspect of our financial lives, excise…
Facts on TaxesFederal Income TaxFiling TaxesGambling WinningsTaxes
August 29, 2023

What Strategies Do Seniors Use To Minimize Taxes On Gambling Winnings?

Navigating the intricate landscape of taxation becomes even more essential in the realm of gambling winnings, particularly for seniors who are aiming to maximize their financial gains. As seasoned individuals engage in various forms of gambling entertainment, ranging from casinos…
Estate TaxesFacts on TaxesFiling TaxesProperty TaxRental Property Tax DeductionsTaxes
August 29, 2023

Is There Any Legal Way To Avoid Paying Property Tax?

Property ownership comes with a range of financial responsibilities, and one of the most significant is the obligation to pay property taxes. These taxes serve as a vital source of revenue for local governments, funding essential services and community development.…
Federal Income TaxFiling TaxesTaxesTaxes & Social Security BenefitsValue Added Tax
August 29, 2023

12 Basic Tax-Saving Strategies For Adults

Tax season can often stir up feelings of uncertainty and concern about managing our finances effectively. While taxes are a necessary part of life, there's no reason why you should pay more than your fair share. With a solid understanding…
Facts on TaxesFederal Income TaxFiling TaxesGambling Winnings
August 29, 2023

How Gambling Winnings Are Taxed for Senior Citizens?

As the golden years of retirement approach, many senior citizens find themselves enjoying newfound leisure activities, and for some, this might include the thrill of gambling. While gambling can provide entertainment and excitement, it's crucial for senior citizens to understand…
Facts on TaxesFederal Income TaxFiling TaxesLottery WinningsTaxes
August 17, 2023

Do Elderly Pay Taxes On Lottery Winnings?

Lottery winnings, often considered a stroke of luck, have the potential to dramatically alter the financial landscape of any individual, regardless of their age. As the golden years of life approach, financial security becomes an even more critical concern for…
Capital Gains TaxCryptocurrencyFacts on TaxesFederal Income TaxFiling Taxes
August 13, 2023

How Is Crypto Tax Calculated In Canada?

Welcome to our latest blog post, where we dive into the intricate world of cryptocurrency taxation in Canada. As the global interest in cryptocurrencies continues to surge, the regulatory landscape surrounding them is evolving rapidly. For Canadian crypto enthusiasts, investors,…

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