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Substantial gainful activity (SGA) is a term used by the Social Security Administration (SSA) to determine eligibility for disability benefits. It means working for pay or profit and earning more than a certain amount of money per month, which varies by disability type and year.
Learn how capital gains are taxed in the US, depending on the investor's tax bracket, the holding period, and the type of asset. Find out the current rates, exemptions, and exceptions for federal and state taxes.
Learn about the gift tax imposed on the transfer of property during the giver's life, and the exemptions, rates, and filing requirements. The donor (the giver) usually pays the gift tax, unless there is a retention of an interest that delays completion of the gift.
The Social Security Wage Base is the maximum income on which a worker pays Social Security tax in the US. It was $142,800 in 2021 and has been increasing since 1998.
Learn about the federal and state income tax systems in the U.S., including sources of law, basic concepts, rates, deductions, and credits. Find out how income is defined, taxed, and reported for individuals, corporations, and other entities.
A health savings account (HSA) is a tax-advantaged medical savings account for people with high-deductible health plans in the US. Learn about the history, benefits, drawbacks, and eligibility of HSAs from this Wikipedia article.
A debt ceiling fight soon behind. But even if Congress averts a shutdown, a debt-ceiling deadline will follow shortly behind. The federal debt limit is set to be reinstated on January 2, 2025 per ...
A Roth IRA is an individual retirement account (IRA) under United States law that is generally not taxed upon distribution, provided certain conditions are met. The principal difference between Roth IRAs and most other tax-advantaged retirement plans is that rather than granting a tax reduction for contributions to the retirement plan, qualified withdrawals from the Roth IRA plan are tax-free ...