Do You Depreciate or Deplete Oil Royalties for Taxes?
Maximize your oil royalty income by mastering the IRS depletion allowance rules....
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Personal Finance : Tax Information
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Do You Have to Pay Taxes on Interest From Personal or Family Loans?
Lending money to friends or family? Learn when interest on personal loans is taxable and how to avoid the IRS treating it as a gift....
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Renting vs. Selling a House: Which Saves More on Taxes in 2025?
Thinking of selling or renting out your house in 2025? The tax impact could be bigger than you expect. Here's how both options compare....
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What Is a Taxable Entity, and How Does It Affect Your Business?
Knowing whether your business is a taxable entity shapes how profits, losses and liabilities are treated by the IRS. Here's what every entrepreneur should know....
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Do You Need to Pay Taxes on Inherited Government Bonds?
Inherited savings bonds can boost your finances, but tax rules on interest, estates and timing make decisions crucial....
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Do Babysitters Have to Pay Taxes on Income?
Even occasional babysitting can lead to tax obligations. Learn how to stay compliant and avoid surprises....
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How Much Income Can I Generate & Be in the 15% Tax Bracket?
The 15% tax bracket no longer exists. However, you can figure out how much to earn in 2025 to remain in the lower tax tiers, such as 10% or 12%....
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Are Health Insurance Premiums Deductible If You Take a Deduction for an HSA?
You can claim tax breaks for both HSAs and health insurance premiums but not for the same expenses. Here is how to maximize each without double-dipping....
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Can You Use Your 401(k) to Buy a House at 65 Without Paying Capital Gains?
Thinking of using your 401(k) to build or buy a house at age 65? Here is how taxes, penalties and smarter funding options really work for retirees....
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Can Parents & Students Both Claim Tuition Tax Credits?
Wondering who can claim tuition tax credits: you or your parents? Here is how the IRS decides who gets to claim education expenses and how much you can save....
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Do Beneficiaries Have to Pay Taxes When Inheriting Through Probate?
You may not owe federal income tax if you receive an inheritance through probate. Yet, some taxes may apply depending on the state and type of asset inherited....
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