Will my tax refund be taken for defaulted student loans?
In a regular tax season, if you have federal student loans in default, your tax refund can be used to help make up for what you owe on your loan. This doe...
Knowledge Base
Latest insights and tutorials from the The Daily Horizon team.
What type of account is a tax deferred annuity?
A tax-deferred annuity (TDA) plan is a type of retirement plan designed to complement your employer’s base retirement plan. Sometimes, a TDA plan is also ...
Read More →Are taxes and licenses part of operating expenses?
Operating expenses include a wide range of expense types, from office supplies and travel and distribution expenses to licensing fees, utilities, property...
Read More →Is the payroll tax a regressive tax?
Payroll taxes are regressive: low- and moderate-income taxpayers pay more of their incomes in payroll tax than do high-income people, on average. These fi...
Read More →What is your biggest achievement for fresher?
Greatest professional achievement examples Sales or revenue increases you have achieved. Any job promotions. Examples of when you have gone above and beyo...
Read More →What is the main purpose of the Medicare tax?
The Medicare tax is a payroll tax that applies to all earned income and supports your health coverage when you become eligible for Medicare. What is a Med...
Read More →Can someone take back gifted money?
Legally, you need not give back any money that you had received as gift. Normally, nobody will ask back what is given as gift. However, if this person is ...
Read More →How many years can you claim lifetime learning credit?
There is no limit on the number of years you can claim the credit. It is worth up to $2,000 per tax return. How to qualify for Hope credit? That student m...
Read More →Who can file 1040A?
In general, your parents are eligible to file a 1040A or 1040EZ if they: Make less than $100,000 per year. Do not itemize deductions. Do not receive incom...
Read More →Is acupuncture a qualified medical expense?
When recommended by a health care professional for a medical condition, the cost of acupuncture is a qualified medical expense. The cost of treatment at a...
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