The Daily Horizon

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Do I have until May 17th to pay my taxes?

You have until May 17 to file your federal taxes—but here’s why you shouldn’t wait. Earlier this year, the IRS extended the federal income tax filing due ...

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Knowledge Base

Latest insights and tutorials from the The Daily Horizon team.

What does Colombia import from other countries?

Top Colombian Imports Refined petroleum – $2.94 billion. Corn – $1 billion. Soybean meal – $666 million. Crude petroleum – $508 million. Wheat – $410 mill...

Do you get all of your federal taxes back?

Simple Summary. Every year, your refund is calculated as the amount withheld for federal income tax, minus your total federal income tax for the year. A l...

What do you mean by income from other sources?

Income from Other Sources is one of the heads of income chargeable to tax under the Income tax Act. All the incomes excluded from salary, capital gains, h...

Does income from an IRA affect Social Security?

Do you receive distributions from an individual retirement account (IRA) or 401(k)? If so, you’ll be happy to know that these funds won’t affect how much ...

Do expats pay tax in Jordan?

Foreigners living in Jordan are considered a resident for tax purposes if they spend over 183 days in Jordan in the tax year. We strongly recommend that i...

Can state taxes be deducted from federal?

Taxpayers who itemize deductions on their federal income tax returns can deduct state and local real estate and personal property taxes, as well as either...

What is disposable income equal to?

Disposable income is total personal income minus personal current taxes. In national accounts definitions, personal income minus personal current taxes eq...

What city is known for meat packing?

Largest of all was the meat-packing industry in Chicago. It spread through acres of stockyards, feed lots, slaughterhouses, and meat-processing plants. To...

How are pension funds distributed?

You can: take a pension annuity and receiving a monthly check; or, if your employer allows, take a lump-sum distribution, which you will need to invest an...