Editorial board

Thе Intеrnal Rеvеnuе Sеrvicе (IRS) offеrs various programs to hеlp taxpayеrs who arе struggling to pay thеir tax dеbts. Onе such program is dеbt forgivеnеss. IRS Dеbt Forgivеnеss Thе Intеrnal Rеvеnuе Sеrvicе (IRS) offеrs a variеty of programs to hеlp taxpayеrs who arе struggling to pay thеir tax dеbts. Onе of thеsе programs is dеbt … Read more

In thе UK, thе inhеritancе tax (IHT) thrеshold for thе 2023/2024 tax yеar is £325,000. This means that if thе total valuе of an estate falls below the limit, no IHT is payablе.  UK Inhеritancе Tax Thrеshold Whilе thе £325,000 thrеshold sеrvеs as thе primary bеnchmark, thеrе arе cеrtain еxеmptions and allowancеs that can potеntially … Read more

California’s Golden State Stimulus provides financial relief to eligible residents filing 2020 tax returns. With two payment tiers, Golden State Stimulus II offers support to individuals earning $75,000 or less. Meanwhile, Golden State Stimulus I targets recipients of the California Earned Income Tax Credit (CalEITC) or those filing with an Individual Taxpayer Identification Number (ITIN). … Read more

The Old-Age, Survivors, and Disability Insurance (OASDI) tax, a key component of the U.S. Social Security system, is set at a rate of 12.4%, with employees contributing 6.2% and employers matching with the same amount. For self-employed individuals, the entire 12.4% falls on their shoulders, but they can deduct half when filing taxes. What is … Read more

In Malaysia’s proposed Budget 2024, a Capital Gains Tax (CGT) is set to impact companies, levying a 10% tax on net gains from unlisted shares disposal starting March 1, 2024. Companies can opt for a 2% CGT on the gross sale value for shares acquired before this date, with exemptions for IPO or group restructuring … Read more

Individuals, sole traders, and businesses dealing with tax debts have the option to utilize ATO’s payment plans. These plans, designed for practicality, enable taxpayers to break down their debts into smaller amounts, payable over a set period. Whether owed amounts are $100,000 or less for individuals or businesses, or exceeding that limit, ATO provides accessible … Read more

In Florida, SNAP offers vital aid to low-income residents. Recipients, provided with an electronic card akin to an ATM card, can use it to purchase eligible food items. To be eligible, residents must meet specific income criteria—such as a maximum household income of $29,160 for a single person or $60,000 for a family of four. … Read more

The Saskatchewan Assured Income for Disability (SAID) is a provincial income support program designed to assist individuals with disabilities in meeting their essential needs, including food, shelter, and clothing. SAID provides monthly payments, with the November 2023 installment scheduled for October 26 by cheque and October 30 via direct deposit. If you’d like more information … Read more

The California Middle Class Tax Refund Card is a financial relief initiative for eligible Californians who filed their 2020 tax returns on time and meet certain income criteria. This one-time payment, ranging from $350 to $1,050, is issued either through direct deposit or as a debit card by mail. Recipients who have not activated their … Read more