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While plenty of individuals pay their funerals using their estate funds, some people don’t have large enough estates that could cover funeral costs. In cases like these, a relative or friend usually shoulder the costs. However, take note that the law only allows the deduction of funeral expenses from taxable income. ITR or Individual Tax Returns Based on the guidelines...

Americans have always been voicing their concerns and protests against the current tax system. Their rudimentary knowledge of taxes isn’t entirely cohesive, but they are only right to urge the government for less. Considering that the middle class suffers by paying the “most” taxes, that means that the driving force of America’s economy has less money. About the...