How Much Do Billionaires Pay in Taxes?
Nov 17, 2025Key takeaways Billionaires pay an average effective tax rate of around 23%–25%. This reflects the top 400 wealthiest Americans, but...
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Tax Shelters: Meaning, Examples & How They Work
Nov 16, 2025Key Takeaways: Tax shelters reduce taxable income: Legal tax shelters, such as retirement accounts, HSAs, FSAs, and municipal bonds, allow...
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Can the IRS Seize a Legal Settlement If You Owe?
Nov 15, 2025Key Takeaways The IRS can seize or levy settlement funds if you owe back taxes, but the risk depends on...
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Active-Duty Military Tax Benefits: What You Can Deduct and How to Qualify
Nov 14, 2025Key Takeaways: Combat pay and certain allowances are tax-free, including Basic Allowance for Housing (BAH), Basic Allowance for Subsistence...
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How to Apply for the IRS Fresh Start Program
Nov 13, 2025Key Takeaways The IRS Fresh Start Program offers multiple relief options to help taxpayers settle or manage back taxes...
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AI Tax Tools for Small Businesses
Nov 12, 2025Key Takeaways: AI tax tools automate data entry, expense categorization, and reconciliation, saving small business owners significant time. These tools...
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How to Lower Your Taxable Income in Retirement
Nov 11, 2025Key Takeaways: Smart withdrawal sequencing, from taxable, tax-deferred, and Roth accounts, helps control your annual tax bracket and reduce lifetime...
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Filing Guide for First-Time Taxpayers
Nov 10, 2025Key Takeaways: Most first-time taxpayers benefit from filing, even if not required; filing can unlock refunds and refundable credits like...
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What You Need to Know About the Tax Underpayment Penalty
Nov 9, 2025Key Takeaways: Pay taxes as you earn: The IRS operates on a pay-as-you-go system, requiring withholding from paychecks or quarterly...
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Filing Taxes During a Marriage Separation
Nov 8, 2025Key Takeaways: The IRS considers you married for tax purposes until a divorce or legal separation decree is finalized,...
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