HOME



Itemized Deduction
Under United States tax law The United States of America The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country Continental United States, primarily located in North America. It consists of 50 U.S. st ..., itemized deductions are eligible expenses that individual taxpayers can claim on federal income tax return A tax return is the completion of documentation that calculates an entity’s or individual's income earned with the amount of tax payable to the government, government organizations or to potential taxpayers. Specific tax forms can be used b ...s and which decrease their taxable income, and is claimable in place of a standard deduction Under United States tax law The United States of America The United States of America (USA), commonly known as the United States (U.S. or US), or America, is a country Contiguous United States, primarily located in North America. It con ..., if avai ...
[...More Info...]      
[...Related Items...]



picture info

United States Tax Law
The United States of America The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country Continental United States, primarily located in North America. It consists of 50 U.S. state, states, a Washington, D.C., ... has separate federal Federal or foederal (archaic) may refer to: Politics General *Federal monarchy, a federation of monarchies *Federation, or ''Federal state'' (federal system), a type of government characterized by both a central (federal) government and states or ..., state State may refer to: Arts, entertainment, and media Literature * ''State Magazine'', a monthly magazine published by the U.S. Department of State * The State (newspaper), ''The State'' (newspaper), a daily newspaper in Columbia, South Carolina, Un ..., and local government Local government is a generic term for the lowest tiers of public administration Public administration is the implementation of government policy ...
[...More Info...]      
[...Related Items...]



Long-term Care Insurance
Long-term care insurance (LTC or LTCI) is an insurance product, sold in the United States The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country Continental United States, primarily located in North America. It consists of 50 U.S. state, states, a Washington, D.C., ..., United Kingdom The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom (UK) or Britain,Usage is mixed. The Guardian' and Telegraph' use Britain as a synonym for the United Kingdom. Some prefer to use Britain as shorth ... and Canada Canada is a country in the northern part of North America North America is a continent A continent is any of several large landmasses. Generally identified by convention (norm), convention rather than any strict criteria, ... that helps pay for the costs associated with long-term care Long-term care (LTC) is a variety of services which he ...
[...More Info...]      
[...Related Items...]



Discount Points
Discount points, also called mortgage points or simply points, are a form of pre-paid interest available in the United States when arranging a mortgage. One point equals one percent of the loan amount. By charging a borrower points, a lender effectively increases the yield on the loan above the amount of the stated interest rate. Borrowers can offer to pay a lender points as a method to reduce the interest rate on the loan, thus obtaining a lower monthly payment in exchange for this up-front payment. For each point purchased, the loan rate is typically reduced by anywhere from 1/8% (0.125%) to 1/4% (0.25%). Selling the property or refinancing prior to this break-even point will result in a net financial loss for the buyer while keeping the loan for longer than this break-even point will result in a net financial savings for the buyer. Accordingly, if the intention is to buy and sell the property or refinance, paying points will cost more than just paying the higher interest rate. ...
[...More Info...]      
[...Related Items...]



picture info

Mortgage Loan
A mortgage loan or simply mortgage () is a loan In finance Finance is the study of financial institutions, financial markets and how they operate within the financial system. It is concerned with the creation and management of money and investments. Savers and investors have money avai ... used either by purchasers of real property In England, English common law, real property, real estate, realty, or immovable property is land which is the property of some person and all structures (also called Land improvement, improvements or Fixture (property law), fixtures) integr ... to raise funds to buy real estate, or by existing property owners to raise funds for any purpose while putting a lien A lien ( or ) is a form of security interest In finance Finance is the study of financial institutions, financial markets and how they operate within the financial system. It is concerned with the creation and management of money and inv ... on the property being ...
[...More Info...]      
[...Related Items...]



picture info

Fine (penalty)
A fine or mulct is a penalty of money that a court of law A court is any person or institution, often as a government A government is the system or group of people governing an organized community, generally a state State may refer to: Arts, entertainment, and media Literature * ''Sta ... or other authority In the fields of sociology Sociology is the study of society, human social behaviour, patterns of social relationships, social interaction, and culture that surrounds everyday life. It is a social science that uses various methods of Empiric ... decides has to be paid as punishment for a crime In ordinary language, a crime is an unlawful act punishable by a state State may refer to: Arts, entertainment, and media Literature * ''State Magazine'', a monthly magazine published by the U.S. Department of State * The State (newspaper ... or other offense. The amount of a fine can be determined case by case, but it is often announced in advance ...
[...More Info...]      
[...Related Items...]



picture info

Excise Tax
file:Lincoln Beer Stamp 1871.JPG, upright=1.2, 1871 U.S. Revenue stamp for 1/6 barrel of beer. Brewers would receive the stamp sheets, cut them into individual stamps, cancel them, and paste them over the bung of the beer barrel so when the barrel was tapped it would destroy the stamp. An excise, or excise tax, is any duty (economics), duty on manufactured goods (economics), goods that is levied at the moment of manufacture rather than at sale. Excises are often associated with customs duties Customs is an authority In the fields of sociology Sociology is the study of society, human social behaviour, patterns of social relationships, social interaction, and culture that surrounds everyday life. It is a social science that uses ... (which are levied on pre-existing goods when they cross a designated border in a specific direction); customs are levied on goods that become taxable items at the ''border'', while excise is levied on goods that came into existence ''inland''. ...
[...More Info...]      
[...Related Items...]



Use Tax
A use tax is a type of tax A tax is a compulsory financial charge or some other type of levy imposed on a taxpayer (an individual or legal entity In law Law is a system A system is a group of Interaction, interacting or interrelated elements that act accord ... levied in the United States The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country in . It consists of 50 , a , five major , 326 , and some . At , it is the world's . The United States shares significan ... by numerous state governments. It is essentially the same as a sales tax A sales tax is a tax A tax is a compulsory financial charge or some other type of levy imposed on a taxpayer (an individual or legal entity In law Law is a system A system is a group of Interaction, interacting or interrelate ... but is applied not where a product or service was sold but where a merchant bought a product or service and ...
[...More Info...]      
[...Related Items...]



picture info

Property Tax In The United States
Most local governments in the United States impose a property tax A property tax or millage rate is an ad valorem tax An ''ad valorem'' tax (Latin language, Latin for "according to value") is a tax whose amount is based on the value of a transaction or of property. It is typically imposed at the time of a ..., also known as a millage rate, as a principal source of revenue. This tax A tax is a compulsory financial charge or some other type of levy imposed on a taxpayer (an individual or legal entity In law Law is a system A system is a group of Interaction, interacting or interrelated elements that act accord ... may be imposed on real estate Real estate is property consisting of land and the buildings on it, along with its natural resource , Malaysia Malaysia ( ; ) is a country in Southeast Asia. The federation, federal constitutional monarchy consists of States and feder ... or personal property Personal property is property Prop ...
[...More Info...]      
[...Related Items...]



picture info

Sales Taxes In The United States
Sales taxes in the United States are taxes placed on the sale or lease of goods and services in the United States The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country Continental United States, primarily located in North America. It consists of 50 U.S. state, states, a Washington, D.C., .... Sales tax is governed at the state level and no national general sales tax A sales tax is a tax A tax is a compulsory financial charge or some other type of levy imposed on a taxpayer (an individual or legal entity In law Law is a system A system is a group of Interaction, interacting or interrelate ... exists. 45 states, the District of Columbia, the territories of Puerto Rico, and Guam impose general sales taxes that apply to the sale or lease of most goods and some services, and states also may levy selective sales taxes on the sale or lease of particular goods or services. States may gran ...
[...More Info...]      
[...Related Items...]



picture info

State Income Tax
Most individual U.S. state In the United States The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country Continental United States, primarily located in North America. It consists of 50 U.S. state ...s collect a state income tax in addition to federal Federal or foederal (archaic) may refer to: Politics General *Federal monarchy, a federation of monarchies *Federation, or ''Federal state'' (federal system), a type of government characterized by both a central (federal) government and states or ... income tax An income tax is a tax A tax is a compulsory financial charge or some other type of levy imposed on a taxpayer (an individual or legal entity In law Law is a system A system is a group of Interaction, interacting or interrelate .... The two are separate entities. Some local governments also impose an income tax, often based on state income tax calculations. Forty-two states ...
[...More Info...]      
[...Related Items...]



State And Local Tax Deduction
The United States federal state and local tax (SALT) deduction is an itemized deduction Under United States tax law, itemized deductions are eligible expenses that individual taxpayers can claim on federal income Tax return (United States), tax returns and which decrease their taxable income, and is claimable in place of a standard ded ... that allows taxpayers to deduct certain taxes paid to state and local governments from their adjusted gross income In the United States income tax system, adjusted gross income (AGI) is an individual's total gross income For households and individuals, gross income is the sum of all wages A wage is the distribution from an employer Employment is th .... The Tax Cuts and Jobs Act of 2017 The Tax Cut and Jobs Act of 2017 (TCJA) is a congressional revenue act of the United States signed into law by President Donald Trump which amended the Internal Revenue Code of 1986. Major elements of the changes include reducing tax rates for busi . ...
[...More Info...]      
[...Related Items...]



picture info

Cosmetic Surgery
Plastic surgery is a surgical specialty involving the restoration, reconstruction, or alteration of the human body. It can be divided into two main categories: reconstructive surgery and cosmetic surgery. Reconstructive surgery Reconstructive surgery is a term with training, clinical, and reimbursement implications. It has historically been referred to as synonymous with plastic surgery. In regard to training, Plastic Surgery is a recognized medical specialty and a surge ... includes craniofacial surgeryCraniofacial surgery is a surgical subspecialtyA subspecialty or subspeciality (British English) is a narrow field of professional knowledge/skills within a specialty of trade (occupation), trade, and is most commonly used to describe the increasingl ..., hand surgery Hand surgery deals with both surgical and non-surgical treatment of conditions and problems that may take place in the hand or upper extremity (commonly from the tip of the hand to the shoulder)Hand surgery is ex ...
[...More Info...]      
[...Related Items...]