Tax Deduction for Jury Duty
No one likes to hear the words “jury duty.” You are forced to do your civil duty for 6-8 hours a day, stuck in a little wooden box away from your family. And you only receive $15 a day! Well, there is a way that you can deduct your jury duty. Some employers will pay full wages out to you even if you are called. Did you know if you pay your employer back the wage you earned from jury duty (yes, that $15 a day), you can claim a deduction. Fair trade off if you ask me….normal wages for your duration of duty for $15 a day. SWEET!
read moreThe “Kiddie Tax”
The government started it in 2006 as a way to give a break to families whose children have investments in their name. But, guess what…of course there was an ulterior motive. What is this crazy tax? Sounds made up doesn’t it? I made sure to do some checking because I couldn’t believe that this is the actual term used by the US government to qualify the capital and investment gains our children receive. I LOVE IT! Kiddie tax. Anyways, back to the point. This tax and it’s new rules has another function, to keep parents, especially those in the higher tax brackets, from...
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