The mortgage industry in the country is one of the biggest sectors of the financial industry. In order to encourage ownership at home, mortgage lending, constructing mortgage rates today, sponsored industrial sectors, etc. the federal government came up with several programs. The different programs were called Government National Mortgage Association namely Ginnie Mae, Federal National Mortgage Association Fannie Mae and lastly Federal Home Loan Mortgage Corporation known as Freddie Mac.

Taxable income is what you earn from any work: business, rental income, awards, investment income, gambling or other business activities. It does not include educational funds, gifts, inheritances, payments from accidents or worker compensation. Taxable income for 2017 tax brackets is broken down into seven brackets, each is taxed at a different rate.

Picking the right online brokerage depends on your priorities. Your trade representative can be either an on the floor broker or an online stock broker. While the main factor contributing to broker selection is your willingness to pay higher commissions for good quality trade platform, here are a few other factors that you should consider while weighing out different stock brokers:

Tax preparation is one of the most distressing time for taxpayers across the globe. If you have all your papers in order before the tax season begins, you would be spared the agony of the last-minute hustle-bustle one has to undergo during a mismanaged tax preparation. If you wish to be well prepared for the coming tax season, here are some tax tips and advice that can help you regulate the entire process of filing for your returns.

You pay the government a certain amount of your income as tax, which is then used to give you better public services. The Internal Revenue Service (IRS) is the agency that is officially responsible for collecting the whole country’s tax. On the IRS website, you can not only file your federal taxes that are collected by the government but also file state tax returns that go to the state you reside in.

You will need all your financial documents while filing for tax returns, and the W-2 tax form is an indispensable part of these documents. The Internal Revenue Service demands (IRS) for every employer to report the wage and salary information on the form W-2, which is sent to the employee and the IRS at the end of the year.