Are real estate taxes the same as property taxes?
Yes, the term “property taxes” usually refers to real estate taxes paid on your home or property. There is a tax on personal property called “personal property tax,” which isn’t the same. Personal property refers to items that are mobile, rather than real property that’s fixed.
Learn how to maximize your salary and benefits with more information on new job tax forms and deductions from the tax experts at H&R Block.
Up to 50% or even 85% of your Social security benefits are taxable if your “provisional” or total income, as defined by tax law, is above a certain base amount. Your Social Security income may not be taxable at all if your total income is below the base amount.
Learn more about the gambling winnings tax and form w-2g from the tax experts at H&R Block.
How can you tell if a capital gain or loss is short term or long term? Find out more from the tax experts at H&R Block.