Tag: Tax
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Tax Benefits of ULIPs
The awareness around the importance of savings via investments is growing significantly, especially among young adults. Many financial tools are available for investments and savings to secure your future. ULIP plans offer a combination of life cover and investment opportunities to a policyholder. They are a popular financial tool as they help accumulate wealth for…
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Tax Tips and Tricks: 5 Ways to Maximize Your Deductions and Savings
Tax season doesn’t have to be a dreaded time of year. In fact, with a bit of strategic planning, you can turn it into an opportunity to maximize your deductions and savings. Here are five ways to make the most of your financial situation and put a smile on your face come tax refund season.…
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3 Tips for Doing Your Taxes
Every year, tax season is a time of headaches and irritation. There are many reasons for this, but ultimately, filing taxes is a frustrating, time-consuming, and often confusing endeavor. Today, we provide tips for making the yearly journey we all embark on each year to make filing taxes just a little bit easier. We hope…
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Best Tax Saving Mutual Funds to Invest in India
If you’re looking for a type of mutual fund that lets you generate wealth while saving on taxes, Equity-Linked Savings Scheme (ELSS) is your best bet. This is the only type of mutual fund that lets you save up to Rs. 1.50 lakh on taxes under section 80C of the Income Tax Act,1961. However, don’t…
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Strategies to Help Counter the IRS for Small Business Tax Debt
It’s rather common for small businesses to face the daunting power of the Internal Revenue Services (IRS) if it’s behind on tax debts. Worst of all would be the various methods that the IRS can use to collect these taxes from the small businesses, most of which would spell doom for them. However, the good…