by OverviewFX | Feb 21, 2025 | taxes
Different business structures have their own pros and cons. Your business structure will determine how you’re taxed, what paperwork you need to file, and what you’re personally liable for. LLCs are popular because they offer liability protection and tax benefits. But...
by OverviewFX | Feb 20, 2025 | taxes
Navigating child support and taxes can be challenging, especially for parents managing their finances after a separation or divorce. Understanding how child support impacts your tax responsibilities can help you avoid surprises during tax season. An important thing...
by OverviewFX | Feb 19, 2025 | taxes
Arkansas has a graduated state income tax with rates up to 3.9%. Unlike states with flat tax rates or states with no income tax at all, Arkansas uses a progressive system where the rates increase with income. For example, taxpayers who earn more than $25,700 in...
by OverviewFX | Feb 19, 2025 | taxes
Connecticut introduced its first state income tax—a flat rate of 4.5%—on August 22, 1991, to help offset a $963 million budget deficit. Today, the state uses a progressive state income tax system with seven tax rates—ranging from 2% to 6.99%—for the 2024 tax year (the...
by OverviewFX | Feb 15, 2025 | taxes
Homeowner Tax Deductions: Maximize Your Savings While Making Home Sweet Home Even Sweeter – Intuit TurboTax Blog Skip to main content
by OverviewFX | Feb 15, 2025 | taxes
Tennessee is one of the few U.S. states with no income tax. This can potentially boost your take-home earnings if you’re a Tennessee resident. With no individual income tax, the state relies on a high sales tax—one of the highest in the country—along with local...
