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Can you deduct state taxes owed?

You can elect to deduct state and local general sales taxes instead of state and local income taxes, but you can’t deduct both. If you elect to deduct sta...

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Knowledge Base

Latest insights and tutorials from the The Daily Horizon team.

When do you have to take a penalty free withdrawal from a 401k?

The IRS allows penalty-free withdrawals from retirement accounts after age 59 1/2 and requires withdrawals after age 72 (these are called Required Minimum...

How much is workers comp usually?

The average cost of a workers’ comp claim is $40,000, according to the National Safety Council. By comparison, paying for a workers’ compensation policy i...

How far back can I amend a NJ tax return?

three years You can amend your return at any time, but to claim a refund, the amended return must be filed within three years from the original due date o...

What was the first rewards credit card?

The AT Universal Card was the first credit card to offer rewards to customers who used it, providing cash back on every purchase that could be applied tow...

What are the 2 kind of legal cases?

Types of Court Cases Criminal Cases. Civil Cases. What does it mean if the two parties in a civil case settle? “Settling a case” means ending a dispute be...

Where is income shown in balance sheet?

retained earnings line item On the balance sheet, net income appears in the retained earnings line item. Net income affects how much equity a business rep...

What is a follow up question in research?

Definition. A specific question asked after a general or open question to clarify or elicit further information (e.g., examples). How do you ask to follow...

Which is better pre market order or after market order?

Placing a pre-market order has a better chance of being executed than an AMO. But placing an AMO is more convenient as you can place it anytime between 3:...

What is the work of insurance broker?

An insurance broker is a professional who offers, negotiates, and sells policies. He acts as intermediary between insurers and customers and receives comp...