Whether you drive across town or across the country to attend college, your mileage isn’t a tax write-off. You or your parents can deduct tuition and fees...

Resequencing happens when your tax return is pushed back one or more cycles for processing. Basically, moves your return out 1 or more cycles to be proces...

California is a community property state. Retirement benefits are a form of deferred compensation for labor expended during the years of employment. These...

In regard to uniforms, you can deduct the cost of the uniforms and their upkeep (dry cleaning) if both of the following apply: Your job requires that you ...

Your benefits may be taxable if the total of (1) one-half of your benefits, plus (2) all of your other income, including tax-exempt interest, is greater t...

A Mate’s Receipt is a temporary receipt issued and signed by the officer of a vessel, to acknowledge the goods ready to be loaded on a ship. This acts as ...

The Commerce Clause refers to Article 1, Section 8, Clause 3 of the U.S. Constitution, which gives Congress the power “to regulate commerce with foreign n...

Passbook savings accounts still exist, but they are offered by relatively few banks and are rarely promoted even where they remain an option. In general, ...

If your New Jersey gross income is less than $10,000 ($20,000 if filing as Married Filing Jointly, Head of Household, or Qualifying Widow(er)) then you ar...

Residential Indians between 60 to 80 years of age will be exempted from long-term capital gains tax in 2021 if they earn Rs. 3,00,000 per annum. For indiv...