Tax Knowledge for Individuals & Households

Tax time doesn't need to be a stressful event if you maintain records throughout the year. Follow these tips to make filing your taxes a breeze.

When you donate something that isn't straight cash, you are responsible for recording its value if you want to get a deduction for it when you file taxes for the year. This article helps you accurately determine your donation's value.

Tax Clearance is required if you retire, resign, or leave Malaysia for more than 3 months, and for the deceased. So how to apply for a tax clearance letter (TCL) and get your last month's salary ASAP?

A complete guide to file income tax return and wealth statement for tax year 2015 as a salaried or business individual, an AOP or a company using iris system.

IRA account early withdrawal penalties are put in place for good reason. The average citizen is encouraged to stash money away for their golden years under penalty of losing 10% of it (taxes not included). However, there are many exceptions to the penalties, which we cover here.

Learn all the various advantages and disadvantages of direct taxes. This articles explains all the merits and demerits or advantages and disadvantages of direct taxes.

Do you want to take advantage of financial benefits (lower taxes, business tax credits, in-state college tuition, etc.) by establishing residency in another US state? Here's what to do.

Learn all about the differences between flat and progressive taxes. Both types have their pros and their cons and both can be successful if implemented correctly.

President Trump promised both a tax cut and simplification of the tax form. In November 2017, Congress passed significant changes to the United States Tax Code. The Internal Revenue Service found ways to create a "postcard" tax return—by moving most of the lines off the main form.

In December 2017, the most significant change in the tax law in the past 30 years was signed into law and became effective for 2018. Some 65% of taxpayers will benefit from the changes with lower tax bills, 6% will see their tax bills increase, and the rest will see no change with the new law.

Here's some tips on requesting penalty waivers from the Florida Department of Revenue.

Tax filing deadline is extended to July 15, 2020, due to COVID-19. I used TurboTax 20+ years for my business and personal tax, so I can show you what you need.

Tax rates for filer and non-filer taxpayers are different in Pakistan; non-filers have to have pay more tax. Here's how to become a filer and appear on the active taxpayers list (ATL).

It is a given that the rich and corporations WON under the Trump-GOP tax act, but who else benefited or were hurt by this controversial law?

This information given here will help you to update your KRA PIN to iTax by logging into the iTax portal. All old PINs processed using ITMS are required to be updated to iTax.

If you are looking for job opportunities in Malaysia or already working here as an expatriate, these list of issues & Q&A on tax law in Malaysia LHDN will help you understand your tax exposure better.