Nigerian Center’s Post

Empowerment through tax relief! Learn how you can access Earned Income Tax Credits and other benefits to support disabled individuals and their families. Read more 👉 https://lttr.ai/AS3dj #TaxBenefits #DisabilityTaxCredits #FinancialSupport #TaxDeductions #TaxExclusions #FinancialDisability #DisabilityRights

👶 Tax Benefits for Families Raising a family is expensive, but there are several tax credits and deductions that can help ease the financial burden, like the Child Tax Credit or the Dependent Care Credit. Are you taking full advantage of these? Let’s make sure your family is benefiting from every tax break possible! #FamilyFinance #TaxCredits #TaxStrategy

The High Income Child Benefit charge applies to a taxpayer who has income over £60,000 (for 2024/25, £50,000 for 2023/24) in a tax year where either they or their partner, are in receipt of Child Benefit for the year. 💰👨👩👦 💡 Check out our infographic which illustrates some key points of the charge. Got some questions? 💬 Get in touch with our team today at info@wttconsulting.co.uk or for more information on our services, visit our website here ➡ https://lnkd.in/gcZrP_hf #taxadvice #taxadvisory #tax #taxtips #advisoryservices #personaltax #accounting #childbenefit #benefits #accountancy

Attention Parents: did you know that sending your kids to day camp might save you money on your taxes? Learn why tax credits are beneficial and how eligibility is determined for the child & dependent care tax credit. https://bit.ly/3yzDgAO #SummerCamp #TaxTips

Taxes are so confusing. From earned income tax credits, to health care subsidies, child tax credits to deductions, it can be a real maze of questions! Thankfully, we've got some answers for you! The Volunteer Income Tax Assistance (VITA) is open for appointment scheduling now! Find out more information to see if you qualify for the completely free program at the link in the comments. #unitedwayofsouthsarasotacounty #freetaxhelp #freetaxpreparation #vitaprogam

What you need to know about a ROTH IRA: -Eligibility based on earned income within certain limits -No age limit for contributions -Contributions made with post-tax dollars so contributions are not tax deductible -Contribution must be made by April 15 tax filing deadline for prior year contributions -Earnings grow tax-deferred -Penalties may apply for early withdrawal (prior to age 59½) -No Required Minimum Distributions (RMDs)

Wondering if a certain type of income is taxable? In most cases, the answer is YES. When income is being generated, the government is usually going to find a way to collect their tax. ⬇️ But, here are some of the rare examples of nontaxable income: 💰 Municipal Bond Interest 💰 Generally, interest paid out by a municipal bond is nontaxable income at a federal level. However, this income may be taxable at a state level! 💰 Inheritance Income 💰 Inheritance income is generally not taxable income at the federal level, however, income generated by assets AFTER inheritance can result in taxable income. Some states will assess an inheritance tax! 💰 Gift Income 💰 For gifts under $18,000 in 2024, there is no gift tax! Consult with your tax accountant to determine whether you've received any nontaxable income and whether there are any additional reporting requirements. www.integratedtax.net #integratedtaxsolutions #taxsolutions #taxes #taxseason #taxhelp #taxpreparer #taxrefund #taxreturn #tulsa

Hello Connections, I would like to take a few moments to share that I just finished the course “Finance Foundations: Income Taxes” by Earl Kay Stice and Jim Stice. This course helped me gain a lot of insight related to US Income taxes including: - Determine the most advantageous tax treatment of credits and deductions. - Explore the history of certain tax breaks. - Identify the reasons for including personal information on a federal tax return. - Define the most beneficial method to shift income from one pocket to the other for income tax purposes. - Examine the ways to avoid the double taxation on corporate income. - Understand legal issues involved in hiding income from taxing authorities.

✨ As you reflect on your blessings this year, think about giving back to those in need and reaping the tax benefits! Reach out to us at Lightening the Load, and let’s maximize your deductions and relieve the stresses of tax prep. We’re here to help you navigate the process with ease! www.lighteningtheload.com #CharitableGiving #TaxTips #TaxHelp #TaxPrep

💡 Ever thought about hiring your kids? Discover how you can turn everyday spending into tax savings for your family! 💰👨👩👧👦 Supporting our children often means using after-tax dollars. But what if you could involve them in your business and benefit from tax deductions? Learn how your kids can earn income without paying taxes and save your family money! 📈🧒👩👧👦 #FamilyBusiness #TaxSavings #FinancialTips