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Excise TaxesTaxes
July 18, 2025

How Excise Taxes On Fuels Are Used To Finance Road Projects

Excise taxes on motor fuels, such as gasoline and diesel, have been a long-standing source of funding for transportation projects in the United States. These taxes are imposed at both the federal and state levels, with revenue generated from these…
Sales TaxSelf Employed TaxesSmall BusinessTaxes
July 17, 2025

How To Calculate Sales Tax On Your E-Commerce Sales?

If you run an e-commerce business, you may be wondering how to properly calculate sales tax on your sales. Sales tax is a complex issue that varies by state and can be difficult to navigate. However, it's important to ensure…
Does Louisiana Tax Lottery WinnersFacts on TaxesFederal Income TaxFiling TaxesLottery WinningsPersonal Taxes
July 17, 2025

Does Louisiana Tax Lottery Winners?

Winning the lottery is a dream that many of us harbor deep within. The thought of striking it rich and securing financial freedom in one life-altering moment is undeniably alluring. Yet, as exhilarating as the prospect of winning the lottery…
Excise TaxesFacts on TaxesFederal Income TaxPersonal TaxesSales TaxTaxes
July 17, 2025

Do Canadians Pay Higher Taxes Because Of Healthcare?

Canada is known for its universal healthcare system, which provides comprehensive medical services to all residents of the country. The Canadian healthcare system is often held up as an example of how a country can provide quality healthcare to all…
12 Basic Tax-Saving Strategies For AdultsFederal Income TaxFiling TaxesTaxesTaxes & Social Security BenefitsValue Added Tax
July 17, 2025

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…
Capital Gains TaxCorporate Business Taxes & LawsFacts on TaxesPayroll TaxProperty TaxSales TaxSelf Employed TaxesSelf-Employment TaxesTaxesValue Added Tax
July 17, 2025

What Taxes Do Small Businesses Pay?

In the dynamic landscape of entrepreneurship, small businesses serve as the backbone of economies worldwide. As they navigate the intricate web of financial responsibilities, one crucial aspect demands their attention — taxes. Understanding the tax landscape is imperative for small…
Capital Gains TaxEstate TaxesFacts on TaxesInheritance TaxesPersonal TaxesProperty TaxReal Estate Tax & LawTaxes
July 17, 2025

Can You Gift A Property To Your Child In Canada?

Gifting a property to a child is a common way for parents to transfer ownership and provide financial support. However, many questions arise when considering such a transfer, including the legality, tax implications, and other considerations. In Canada, gifting property…
Pay Social Security Tax On Gambling WinningsFacts on TaxesFederal Income TaxGambling WinningsTaxes & Social Security Benefits
July 16, 2025

Do You Pay Social Security Tax On Gambling Winnings?

When it comes to gambling winnings, many individuals wonder about the tax implications and whether they are subject to Social Security tax. Social Security tax, also known as the Federal Insurance Contributions Act (FICA) tax, is a payroll tax that…
EPF Deduction PercentageFacts on TaxesFiling TaxesTax DeductionsTaxes
July 16, 2025

What Is EPF Deduction Percentage?

The Employee Provident Fund (EPF) plays a vital role in India's social security landscape, providing millions of workers with a financial safety net for their retirement years. At the heart of this comprehensive savings scheme lies the concept of the…
Pay Taxes On OnlyFansFiling TaxesSelf Employed TaxesSelf-Employment TaxesSmall BusinessTaxes
July 16, 2025

Do You Have To Pay Taxes On OnlyFans?

With the rise of online platforms like OnlyFans, individuals have found new avenues to monetize their content and engage with their audience. OnlyFans allows creators to share exclusive content in exchange for subscription fees, tips, and other forms of payment.…
Federal Income TaxFiling TaxesPersonal TaxesTaxes
July 15, 2025

What is Section 119(2) (b) of the Income Tax Act, 1961?

The Income Tax Act, 1961, is an important legislation that governs the taxation system in India. It lays down various provisions that guide the taxpayers in fulfilling their tax obligations. One such provision is Section 119(2) (b), which provides relief…
Facts on TaxesPersonal TaxesSales TaxTaxesValue Added TaxWealth Taxes
July 15, 2025

Why Are There So Many Wealthy Individuals In High-Tax Countries?

When thinking of wealthy individuals, it is easy to assume that they prefer to live in countries with low tax rates, as they seek to minimize their tax burden. However, it may come as a surprise that many wealthy individuals…

Filing Taxes Topics

Does Oklahoma Tax Lottery Winners
Facts on Taxes

Does Oklahoma Tax Lottery Winners?

Lotteries have long captured the imagination of individuals seeking a chance at life-altering fortunes. In Oklahoma, the thrill of winning a lottery prize can be an exhilarating experience. However, amidst the celebrations and dreams of newfound wealth, understanding the tax…
Facts on Taxes

Who Can I Claim as a Tax Dependent?

When filing your tax return, claiming dependents can provide valuable tax benefits and potentially reduce your overall tax liability. However, understanding the rules and qualifications for claiming someone as a tax dependent can be complex. It's essential to have a…
Facts on Taxes

Can You Claim Lottery Winnings Anonymously In New York?

Lotteries are popular in many parts of the world, and New York is no exception. In fact, the New York Lottery has been around since 1966 and has generated billions of dollars in revenue over the years. While winning the…
Corporate Business Taxes & Laws

Can An LLC Claim Lottery Winnings In New Jersey?

Lottery winnings can be life-changing, providing a sudden financial windfall to the lucky winners. However, when it comes to claiming lottery prizes, questions may arise about who is eligible to claim the winnings. One such question that may arise is…
Does South Carolina Tax Lottery Winners
Facts on Taxes
Does South Carolina Tax Lottery Winners?
Facts on Taxes
What Are The Best Tax-Advantaged Savings Accounts For Retirement In The US?
Facts on Taxes
What Types Of Gambling Activities Are Subject To Reporting On A 1099 Form?
Facts on Taxes
How Much Money Can You Deposit Into Your Bank Before Attracting The Authorities In The US?
Facts on Taxes
Top Tax Planning Tips For Freelancers
Facts on Taxes
What Are Rental Income Deductions?
Cryptocurrency
How to Report Cryptocurrency Taxes on Your Tax Return?
Can You Claim Gambling Winnings Under An LLC
Facts on Taxes
Can You Claim Gambling Winnings Under An LLC?
Corporate Business Taxes & Laws
Can An LLC Claim Lottery Winnings In South Carolina?
Facts on Taxes
Do Seniors Pay Taxes On Lottery Winnings In Massachusetts?
Does Massachusetts Tax Lottery Winners
Facts on Taxes
Does Massachusetts Tax Lottery Winners?

Gambling & Lottery Winnings Tax

Facts on Taxes

Do Gambling Winnings Count As Earned Income?

The question of whether gambling winnings count as earned income is a topic that holds significance for individuals navigating the complexities of tax regulations. In the realm of personal finance, the classification of income is pivotal in understanding tax implications…
Winning The Lottery In Washington State
Facts on Taxes

Can You Stay Anonymous After Winning The Lottery In Washington State?

Winning the lottery stands as a momentous, life-altering event, offering a windfall that promises a cascade of opportunities and financial security. However, the elation of winning is often shadowed by the weight of exposure. This blog aims to navigate the…
How Gambling Winnings Are Taxed for Senior Citizens
Facts on Taxes

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 Taxes

How Much Does The Average Gambler Lose In A Lifetime?

Gambling has been a popular pastime for centuries, with millions of people around the world participating in various forms of gambling activities. From casino games to sports betting to online poker, gambling offers the allure of excitement and the potential…
Facts on Taxes
Are Bet365 Winnings Taxable In Canada?
Do You Report Gambling Winnings To The IRS
Facts on Taxes
Do You Report Gambling Winnings To The IRS?
Facts on Taxes
What Happens If I Don’t Report My Gambling Winnings On My Taxes?
Corporate Business Taxes & Laws
Can An LLC Claim Lottery Winnings In Puerto Rico?
Pay Social Security Tax On Gambling Winnings
Facts on Taxes
Do You Pay Social Security Tax On Gambling Winnings?
How Does Gambling Work With Taxes
Facts on Taxes
How Does Gambling Work With Taxes?
Facts on Taxes
What Happens If I Don’t Report My Gambling Winnings?
Federal Income Tax
How Are US Game Show Winnings Taxed In Canada?

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