culture and society
How much do government employees get after retirement?
The retirement gratuity payable for qualifying service of 33 years or more is 16½ times the Basic Pay plus DA, subject to a maximum of Rs. 20 lakhs. Half ...
Latest Headlines
health and wellbeing
Is 80k a year enough to retire?
Start Where You’re At. Financial experts typically recommend your retirement income should be about 80% of what your income is right before you retire. Th...
global affairs
Can you make withdrawals from a trust?
Only the trustee — not the beneficiaries — can access the trust checking account. They can write checks or make electronic transfers to a beneficiary, and...
data and analysis
What does purging patients mean?
Purging disorder is an eating disorder that involves “purging” behavior to induce weight loss or manipulate body shape. Purging can mean a number of thing...
data and analysis
How do I know if I can deduct my health insurance premiums?
You can deduct your health insurance premiums—and other healthcare costs—if your expenses exceed 7.5% of your adjusted gross income (AGI). Self-employed i...
science and technology
Can a sale of a primary home be considered a capital gain?
If I sell the unit now, there will be a capital gain. Should the sale be considered as “main home” and thus qualify for the 500k capital gain tax exemptio...
education and learning
Does Section 179 apply to leases?
Section 179 of the Internal Revenue Code allows you to fully deduct the cost of some newly purchased assets in the first year—but your company can also le...
health and wellbeing
What is the deadline for filing for PPP loan forgiveness?
For example, a borrower whose 24-week covered period ends on October 30, 2020 has until August 30, 2021 to apply for forgiveness before loan repayment beg...
media and communication
Is health insurance marketplace taxable?
Health care insurance purchased through the Marketplace The information shown on Form 1095-A helps you complete your federal individual income tax return....
civics and society
How to request IRS verification of non-filing letter, 2018?
Only one signature is required when requesting a joint IRS Verification of Non-filing Letter. Mail or fax the completed IRS Form 4506-T to the address (or...
health and wellbeing
Which forms are needed when the taxpayer submits the ITIN application directly to the IRS?
Form W-7 (COA), Certificate of Accuracy for IRS Individual Identification Taxpayer Number, must be attached to each Form W-7 application submitted as veri...
data and analysis
How do you file taxes with a W2C?
If you have received a Form W-2C (a corrected W-2 form), you can still electronically file your return. Enter the information from your Form W-2C as a For...
science and technology
How do I file state taxes without W-2?
If you cannot get a copy of your W-2 or 1099, you can still file taxes by filling out Form 4852, “Substitute for Form W-2, Wage and Tax Statement.” This f...