• How Do I Claim Dependents?
    How Do I Claim Dependents? Who Can I Claim as a Dependent & What Are the Rules? Claiming dependents on your tax return can significantly reduce your tax burden. Dependents may qualify you for valuable credits—such as the Child Tax Credit, Earned Income Tax Credit (EITC), Child and Dependent Care Credit, or education-related benefits. But dependents must meet strict IRS rules, and...
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  • What is Capital Gains Tax?
    What is Capital Gains Tax? Capital gains tax (CGT) is a government levy on the profit made when you sell, transfer, or otherwise dispose of an asset that has increased in value. Simply put, if you purchase an asset for one amount and later sell it for more, the difference between the buying price (also called the cost basis) and the selling price is your capital gain—and this is what may...
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