Tag Archives: Income

If there’s one personal finance tactic that almost everyone agrees on, it’s the value of saving for retirement, or at least saving for your second act. There will come a point where you will no longer want to or will no longer be able to do the work that you’re …

Photo by Pheelings media / Shutterstock.com Buying and maintaining a home is expensive — and the cost just keeps climbing. Fortunately, Uncle Sam offers several tax breaks that can put more money back in a homeowner’s pocket. Some of these deductions and credits can only be used by a small …

It’s tax season again for Malaysians earning over RM34,000 for the Year of Assessment (YA) 2020. Tax residents can do so on the ezHASiL portal by logging in or registering for the first time.  If you’ve received your Income Tax Return (EA) Form, you may start filing your taxes now, …

When the pandemic hit, companies had to embrace working from home, and it seems that this will continue in 2021. With less driving, personal cars remained stationary in parking lots and driveways, depreciating as time passed. Looking at this brought up the conversation of whether cars are still a necessity, …

Most Malaysians are from third or fourth generation immigrant families, and to hear about any of us being stateless after our families have been here for so long sounds almost impossible. However, this isn’t the case for some third or fourth generation children who are born in Sabah, including indigenous …

Photo by buritora / Shutterstock.com How does the adage go? With age comes … new ways to save on taxes. While you can’t stop filing taxes just because you retire, being a retiree often means you can claim some worthwhile tax credits and deductions. In some cases, these tax breaks …

maroke / Shutterstock.com A new year brings another tax season. For some of us, the pain of paying our taxes is worse than for others, simply because of where we live. In some states — eight, to be exact, now that Tennessee has joined the lineup — residents do not …

In my family, buying organic produce has always been our go-to, where vegetables with holes in their leaves are a good sign. It’s hard to deny that the organic trend is picking up in Malaysia, seeing how so many small startups are jumping into the business of selling organic produce. …

Photo by Nadino / Shutterstock.com If you are a retiree who finds it tough to make ends meet, join the club. Retiree households had an estimated median income of just $ 29,000 before taxes in 2019, according to the 20th annual Transamerica Retirement Survey of Retirees. Even worse, just over …