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  2. Can I qualify for a mortgage if I'm about to retire? - AOL

    www.aol.com/finance/qualifying-for-mortgage-in...

    Learn more about the risks, benefits and options in our guide to using your home equity to invest in real estate. Sources The Equal Credit Opportunity Act , U.S. Department of Justice.

  3. Alternative minimum tax - Wikipedia

    en.wikipedia.org/wiki/Alternative_minimum_tax

    Each year, high-income taxpayers must calculate and then pay the greater of an alternative minimum tax (AMT) or regular tax. [9] The alternative minimum taxable income (AMTI) is calculated by taking the taxpayer's regular income and adding on disallowed credits and deductions such as the bargain element from incentive stock options, state and local tax deduction, foreign tax credits, and ...

  4. Tax protester arguments - Wikipedia

    en.wikipedia.org/wiki/Tax_protester_arguments

    Arguments made by tax protesters generally deal with the U.S. federal income tax and not with other taxes such as the gift tax, estate tax, sales tax, and property tax (although some tax protesters have attacked the last category under allodial title claims). [citation needed]

  5. Tax protester statutory arguments - Wikipedia

    en.wikipedia.org/wiki/Tax_protester_statutory...

    A variation on the "show me the law" argument, the "there is no law requiring an income tax" argument, and the "IRS refuses to say what law makes U.S. citizens liable for income tax" argument is the contention that the IRS has an affirmative duty to respond to taxpayer demands for an answer as to why taxpayers must pay income taxes.

  6. Could Retirees See Social Security Benefits Cut Under Trump?

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    Social Security is the U.S. government's biggest program; as of June 30, 2024, about 67.9 million people, or one in five Americans, collected Social Security benefits. This year, we're seeing a...

  7. Fact vs. fiction: Top 7 common home equity myths — debunked

    www.aol.com/finance/home-equity-myths-debunked...

    A debt-to-income (DTI) ratio below 43%. A credit score of 680 or higher. ... If the tax cuts are extended after 2025, when many of the act’s reforms are due to expire, it’s most likely this ...

  8. Taxation in the United States - Wikipedia

    en.wikipedia.org/wiki/Taxation_in_the_United_States

    The U.S. federal and most state income tax systems tax the worldwide income of citizens and residents. [18] A federal foreign tax credit is granted for foreign income taxes. Individuals residing abroad may also claim the foreign earned income exclusion. Individuals may be a citizen or resident of the United States but not a resident of a state.

  9. Here Are Two Major Social Security Changes Retirees Need to ...

    www.aol.com/two-major-social-security-changes...

    This means more income of some workers will be subject to Social Security payroll taxes. For example, if you earned $175,000 in 2024, $6,400 would be exempt from Social Security payroll taxes.

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    related to: reasons for refusal of adjustments to income real estate tax credit for senior citizens