A timeshare describes jointly owned property that is typically used as a vacation home and allows the owners to use it at certain times of the year. Timeshares rose in importance in the 1970s and have been part of the US vacation fabric since then.
According to CNN, single people with no kids pay an average of three times more in taxes than married couples with kids.
You’ve seen them near where you live and have likely shopped at one: flea markets. Typically, they’re outdoor markets where second-hand goods are bought and sold. The term is derived from a French term “marché aux puces” for a market that sells used goods that might contain fleas.
Small business operators have a number of tax deductions available to them including deductions for business trips. About such deductions the IRS states, “Travel expenses are the ordinary and necessary expenses of traveling away from home for your business, profession, or job.”
The arrival of New Year brings new laws and regulations with it. Tax is one such field that witnesses new rules and regulations every year.