If you are self-employed and are going to do quite a few write-offs for your business, then it is important to understand how they work. Here are 4 types of write-offs you should understand so that you know what counts toward your taxes.
Office Write-offs
First, you need to know what types of write-offs count. If you have a home office where you do all of your work, for example, then you can write off the space by giving the dimensions and the cost of you total rent or mortgage per month.
Read More
After losing a loved one, many people feel as though their family member or friend died before their time. For most people, this is nothing more than a natural part of the grieving process. However, for some people, this feeling stems from the fact that their loved one's death could have been prevented if the other parties involved death had not acted in a negligent manner. In these cases, the loved ones that are left behind may be able to file a wrongful death claim in order to seek compensation on behalf of the deceased.
Read More
Debt is becoming a common four-letter word that plagues most American households, especially since the economy has been in recession for quite a long time now. The national U.S. debt is quickly approaching $18 trillion and the average household credit card debt is approximately $15,950. It is no wonder that there were a total of 619,069 chapter 7 bankruptcy filings in 2014. If you're considering filing for bankruptcy, chapter 7 may be the best option, as you will be freed of all debts as long as you surrender all of your assets.
Read More
No one enters marriage thinking their union will be short-lived, but the fact of the matter is that 60% of marriages for couples between the ages of 20 and 25 end in divorce. If you are looking for ways to reduce your likelihood of becoming divorced, statistics show that some factors could work in your favor.
Here are three factors that could reduce your risk of divorce in the future.
Read More
It's one of the biggest emotional blows a parent can be dealt. You may spend years raising a child, going through highs and lows, only to find out that you are not your child's biological father. If you've found yourself in this situation, you're likely to be feeling pain, anger, and guilt -- especially if you're considering divorcing your spouse. What legal responsibilities do you have to a child who is not your own?
Read More
