Gambling Losses. You may deduct gambling losses only if you itemize your deductions on Form 1040, Schedule A.pdf, and kept a record of your winnings and l...

Real Estate Depreciation Depreciation is the process used to deduct the costs of buying and improving a rental property. Rather than taking one large dedu...

Real estate taxes become delinquent on April 1. A 3% mandatory interest charge is added to the amount due at that time. If the taxes remain unpaid, the de...

Current FICA tax rates The current tax rate for social security is 6.2% for the employer and 6.2% for the employee, or 12.4% total. The current rate for M...

Sleeping more and more is a common feature of later-stage dementia. As the disease progresses, the damage to a person’s brain becomes more extensive and t...

To claim a lump sum payout of your pension, you will need to pick up an “Application for the Lump-sum Withdrawal Payments” form from your local social ins...

Applying by Mail or In Person – You can apply for your ITIN by mail or in person at designated IRS Taxpayer Assistance Centers (TACs) in the United States...

A father can disinherit his son from his self-acquired property only, and not from his ancestral property. Self-acquired property refers to property that ...

Unlike gifts of cash or property, the Internal Revenue Code does not allow a charitable income tax deduction for donations of the rent-free use of propert...

10 things to consider before buying a property Budget. Purchase a property that you can afford, do not overshoot. Location. See if the location is conveni...