updates

When to claim casualty loss on federal taxes?

If you have a casualty loss from a federally declared disaster that occurred in an area warranting public or individual assistance (or both), you can choo...

Aug 28, 2026 • 1 READS

updates

What happens if you choose to retire earlier than your full retirement age?

A worker can choose to retire as early as age 62, but doing so may result in a reduction of as much as 30 percent. Starting to receive benefits after norm...

Aug 28, 2026 • 1 READS

updates

Are health insurance premiums reimbursed by employer taxable income?

Taxability of Reimbursements to Employees If an employee pays the premiums on personally owned health insurance or incurs medical costs and is reimbursed ...

Aug 28, 2026 • 1 READS

updates

Do cancer patients get money?

If you live in a Greater London borough, the benefit cap is: £296.35 a week (£15,410 a year) if you are single and do not have children who live with you....

Aug 28, 2026 • 1 READS

updates

What is a qualified property for Economic Stimulus?

“Qualified property for Economic Stimulus” is property that qualifies for special depreciation deductions (Section 179 and Bonus Depreciation). Does Econo...

Aug 28, 2026 • 1 READS

updates

Can I use home improvements as a tax deduction?

Home improvements on a personal residence are generally not tax deductible for federal income taxes. In addition, renovating your home can increase your b...

Aug 28, 2026 • 1 READS

updates

Can a company claim tax deduction for donation?

Can companies donate? Absolutely. Just as individuals can claim donations as a tax deduction, businesses can claim gifts to charity – as long as it is a c...

Aug 28, 2026 • 1 READS

updates

Do clergy have to pay federal taxes?

Regardless of whether you’re a minister performing ministerial services as an employee or a self-employed person, all of your earnings, including wages, o...

Aug 28, 2026 • 1 READS

updates

How much should you pay for a hail-damaged car?

As of 2018, the average cost to repair a hail-damaged car is $2,500, though this figure varies widely from shop to shop. Individual dents can cost anywher...

Aug 28, 2026 • 1 READS

updates

What is the inclusion rate for capital gains?

The inclusion rate for capital gains is 40% for individuals. This means that 40% of the gain (i.e. R 60 000 x 40% = R 24 000) is added to Sarah’s taxable ...

Aug 28, 2026 • 1 READS