Sabrina Parys

1 month ago | chicago.suntimes.com | Sabrina Parys |Tina Orem

El mejor lugar para cobertura de noticias y cultura latina en Chicago. | The place for coverage of Latino news and culture in Chicago. Las exenciones fiscales generalmente se dividen en dos categorías principales: deducciones fiscales y créditos fiscales. Conforme examinas los programas que podrían aplicarse potencialmente a tu caso, es una buena idea conocer las diferencias de cómo funciona cada beneficio.

2 months ago | chicago.suntimes.com | Sabrina Parys |Tina Orem

Tax breaks are generally broken into two major categories: tax deductions and tax credits. As you examine programs that could potentially apply to you, it’s a good idea to know the differences in how each benefit works. In short, a tax credit gives you a dollar-for-dollar reduction in the amount of tax you owe. A tax deduction, also sometimes called a tax write-off, provides a smaller benefit by allowing you to deduct a certain amount from your taxable income.

Jan 24, 2025 | nerdwallet.com | Tina Orem |Sabrina Parys

If you sell a house you didn’t live in for at least two years or that isn't your primary residence, capital gains tax on real estate may apply.

Jan 19, 2025 | nerdwallet.com | Sabrina Parys |Tina Orem

In 2024 and 2025, the seven federal income tax rates are 10%, 12%, 22%, 24%, 32%, 35% and 37%. Your bracket depends on your taxable income and filing status.

Dec 18, 2024 | nerdwallet.com | Sabrina Parys |Tina Orem

The Arizona state income tax rate is 2.5%. Whether you need to file an Arizona state tax return depends on income, tax filing status and residency.