Property taxes are a major source of income for local governments, comprising 72% of local tax collected. Property taxes typically fund your local schools and libraries, emergency services, roads, and parks and recreation department. Before you receive your property tax bill, you should receive your home’s value. This value is determined by your tax assessor … Continue reading How are My Property Taxes Calculated?
A real property tax is a tax on the value of the real estate imposed by a local government. Payment can be arranged through the local office imposing the tax.
Property taxes fall into two categories, Secured and Unsecured. A Secured property tax is a tax for a physical property, most often real estate and land. An Unsecured property tax is for personal items, like an airplane, boat, or business. Depending on the location you live, property taxes are paid annually or semi annually. If … Continue reading What Are Property Taxes?
A business license permits a business to operate in a specific town, city, or state. Business licenses typically require annual renewal. To renew online, you will need your current business license certificate number and/or PIN included in your renewal notice.
Business licenses are required for businesses to operate in a given location. The type and location of the business will determine the requirements and licensing fee. Local government agencies can issue a fine or close a business operating without a license. Each state has its own business license process and registration. Business license from your … Continue reading What is a Business License? Do I need one?
To legally operate a vehicle in any state, you must have a valid driver’s license. The validity period of your license is determined by the state the license was obtained in. Most driver’s licenses are valid for 4 to 10 years, though younger and older drivers in specific states may have more frequent renewals. Approximately … Continue reading Renew a Driver’s License
A Driver's license is issued by a state’s local Department of Motor Vehicles. Passing a written test and driving test is required for first-time driver's license holders. The minimum age at which one can obtain a driver’s license varies by state.
In 2018-2019, there are seven different federal tax brackets. These brackets determine the amount of taxes withheld from your paycheck. Due to inflation, the IRS updates the brackets each year. The brackets vary if one is single, married but filing taxes separately, married and filing taxes jointly, or head of household. For one who is … Continue reading What Are The Different Tax Brackets?
The different types of 1099 forms represent various types of income collected throughout the year needed to file one’s taxes. Like a W-2 form, it will be sent by January 31, though not all taxpayers will receive one. Independent contractors who make at least $600 during the previous year will receive a 1099 form. The … Continue reading What is a 1099 Form?
A W-2 form is required to be sent by your employer by January 31 and is necessary for filing your taxes. The form reports your wage and salary information, the amount of federal and state taxes withheld, the amount you contributed to your retirement plan, and the amount your employer paid for your healthcare during … Continue reading What is a W-2 Form?