In this article, we'll continue the approach taken in the past, explaining the significant income tax changes in 2018. That discussion will include changes to Social Security and Medicare, federal income tax standard deductions and exemptions, mileage deduction rates, earned income credits, Hope and Lifetime Learning tax credits, in addition to changes to retirement accounts such as the 401(k), 403(b), IRAs, and Roth plans.
The money owed on purchases can be confusing due to differences in state sales tax rates. Adding to that confusion is the World Wide Web, which makes purchasing merchandise from a company doing business in another state an everyday affair.
Disability insurance is something that many people don't worry about when they are young, single, and healthy. But as the years pass, and financial responsibilities change, people naturally begin to think about the effects a sudden disability might have on those that depend on their income. That's where Social Security can help.
Excise tax... refers to an indirect tax that is paid by producers or retailers on certain products or goods. An excise tax can be an ad valorem tax, which is based on the value of the transaction, or a fixed dollar amount.
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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 $3.9 trillion in July 2018. According to statistics published by the Census Bureau, that works out to over $11,944 in debt for every man, woman and child that lives here in the United States.
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Highest Paying Jobs 2018: 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.
