The basic definition of an exemption is immunity from an obligation or duty. For tax purposes, an exemption allows an individual to additional amount of money from your gross income earning to be deducted. A tax exemption lowers the amount of tax you owe because the exemption itself lowers your taxable income. Personal exemptions and dependent exemptions are two types of … [Read more...]
What is 1098 E eligible?
If you’ve applied for a private student loan to pay for college tuition, you might be 1098-E eligible. Basically, this allows you to deduct student loan interest payments when you file your annual tax return. Once repayment on the loan begins, the bulk of monthly payments are applied toward the interest. Hence, it can take several years for the principle balance to … [Read more...]
Property Tax India
Property tax is a tax that an owner of property i.e a person who owns the property is liable to pay. The amount of tax is estimated on the value of the property being taxed (advalorem tax). Property Tax in India is levied on residents by local municipal authorities to upkeep the basic civic services in the city. Property, again consists of three entities: 1. Land 2. … [Read more...]
Buying Stock without a Broker
Ever wondered how you can buy stocks without a broker , and can sacve the brokerage . here below find out some easy ways to do so ..... "Man with Money Bag" Although the most popular and functional way to buy and sell investments, opening a brokerage account is not absolutely necessary. Many investors aren't aware of the alternative ways to acquire stocks and mutual … [Read more...]
Bonds 101
What Are They? Say you are in the grocery store with a friend on a Thursday afternoon and see something you need for your house; a broom for example. Although you get your paycheck the next day, you ask your shopping buddy to borrow a few dollars so you can purchase the broom now, in return for which you will not only pay them back tomorrow, but buy them dinner as well. Your … [Read more...]