This online tool can compute the 2020, 2019, 2018, 2017, and 2016 federal income tax rates, also known as tax brackets, for individuals. The calculator takes into consideration, wages, salaries, income, adjustments to income, deductions, as well as exemptions. The calculator not only provides an estimate of federal income tax owed, but also Social Security and Medicare taxes too.
Consistent with the approach taken over the past eight years, we'll use the techniques of value investing described elsewhere on this website to identify five good stocks to buy in 2020. Last year was a good one for investors in the stock market, with broader measures of the market's performance increasing significantly over the last twelve months.
On December 31, 2019, the IRS revised the standard mileage reimbursement rates for the calendar year 2020. These rates should be used to calculate the tax-deductible costs for using a car for business, charitable, medical, and moving purposes. The most common use of these mileage rates is to reimburse employees for expenses involving use of personal cars for business purposes.
Back in December of 2019, the SECURE Act was signed into law. While some of the key changes are outlined below, the provisions of this legislation will be subject to the review and interpretation of the Internal Revenue Service.
Ad valorem tax refers to a tax that is based on the assessed value of a property, service, or product. Ad valorem is a Latin phrase which means "according to value," and this type of tax is usually imposed at the time of a transaction. Common examples of an ad valorem tax include property and sales tax.
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Consumer Debt Statistics: The latest statistics from the Federal Reserve indicate consumer debt in the United States continues to increase, reaching nearly $4.1 trillion in July 2019. According to statistics published by the Census Bureau, that works out to over $12,374 in debt for every man, woman and child that lives here in the United States.
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Highest Paying Jobs 2019: In this article, we're going to provide several lists of the highest paying jobs in America, as determined by the U.S. Bureau of Labor Statistics. We're also going to slice and dice that data several different ways, revealing some interesting trends in the information.
