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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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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Can You Deduct Home Equity Loan Interest on Your Taxes?
Interest on a home equity loan is deductible only if the loan proceeds are used for home improvements, and only when the taxpayer itemizes deductions rather than claiming the standard deduction....
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Form 1040A Explained: Who Qualified and How It Functioned
IRS Form 1040A was once a go-to tax return for simple finances. Here's what it included, how it was used, and why it no longer exists....
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How to Avoid Paying High Capital Gains Tax on Rental Property Sales?
Selling a rental property can trigger hefty capital gains taxes. Here's how to cut your tax bill with smart timing, exemptions and reinvestment strategies....
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