The Tax Cuts and Jobs Act of 2017 (TCJA) modified Section 85 of the Internal Revenue Code (IRC), which addresses unemployment compensation. Prior to the TCJA, unemployment compensation was excluded from federal income taxation. However, the TCJA eliminated this exclusion for tax years beginning after December 31, 2017. This change has significant implications for individuals … Read more
Typically, individuals begin paying taxes once they earn income. In most cases, this occurs when they start working. However, the age at which someone is required to file taxes can vary depending on their circumstances. For instance, in the United States, children under the age of 18 who earned more than a certain amount during … Read more
Homestead exemption is a tax break that reduces the amount of property taxes you owe on your primary residence. The amount of savings varies depending on your state and local laws, but it can be significant. For example, in Texas, homeowners can save up to $25,000 on their property taxes. To qualify for the homestead … Read more
Internships are a common stepping stone for students and recent graduates to gain work experience and make connections in their field. Many interns hope their internship will eventually lead to a full-time job with the company. While there is no guarantee that an internship will result in a job offer, it does increase the chances … Read more
If you have not received your COVID-19 stimulus check, there are a few things you can do. First, check if you are eligible for a payment by using the IRS’s eligibility tool. If you are eligible, you can check the status of your payment on the IRS’s Get My Payment tool. If your payment is … Read more
Liberalised Family Pension is a scheme that provides financial support to the families of deceased government employees. It is taxable under the Income Tax Act. When the employee dies, the family receives a lump sum payment and a monthly pension. The lump sum payment is not taxable, but the monthly pension is. The monthly pension … Read more
Sure, here is a paragraph explanation about how to earn money online by programming: Programming is a valuable skill that can be used to earn money online. Websites like Upwork and Fiverr connect businesses with skilled programmers who can help them with a variety of tasks, like developing websites, creating apps, and fixing software bugs. … Read more
The Montreal Screwjob was a highly controversial incident in professional wrestling. It occurred on November 9, 1997, at the Survivor Series pay-per-view event in Montreal, Quebec. Shawn Michaels was scheduled to win the WWF Championship from Bret Hart in the main event. However, the WWF’s owner, Vince McMahon, decided to change the outcome of the … Read more
YouTubers can potentially start earning money when they reach a certain number of views on their videos. The exact threshold varies depending on several factors, including the YouTuber’s location, the niche of their content, and the monetization policies of YouTube. However, it’s generally accepted that creators need to surpass a minimum number of views before … Read more
The location of D.B. Cooper’s stolen money remains a mystery. Despite his daring plane hijacking and parachute jump in 1971, no significant amount of the $200,000 ransom was ever recovered. Over the years, various claims have surfaced regarding the money’s whereabouts, but none have been conclusively verified. Some believe it was lost or destroyed in … Read more