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How to read Balance Sheet and Income Statement

Balance sheet and income statements can reveal a lot about a company, particularly its assets, liabilities, stability, and solvency at a specific moment in time. It is a document for valuing a business worth and highly imperative for someone considering an investment opportunity. However, to make a solid conclusion, you must be able to read […]

EITC Income Limits and Maximum Credit Amounts

The earned income tax credit (EIC or EITC) is a refundable tax credit available to taxpayers who have earned income. The credit helps low to moderate-income families get a tax break. As a qualified taxpayer, you can use the credit to reduce the taxes you owe or increase your refund […]

Is Venmo safe to use? Your guide to getting started

Transferring money has been cash-only for most of recent history. Whether you were paying someone back for buying coffee or movie tickets, paying a babysitter, or some other service that relies on cash, it was physical cash that you paid.Now, digital payment services have exploded in popularity that so many people have […]

GoFundMe donations – tax considerations

Are GoFundMe donations tax deductible? GoFundMe began to help individuals fund their financial needs. It became an easier way to ask others for help without asking them to their face. Plus, it is easy for anyone to share a GoFundMe campaign on social media with hundreds or thousands of people in seconds. Unlike most donations, […]

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