Bookkeeping

Tax collections are managed primarily by the 36 counties in Oregon, which assess property and calculate taxes owed. Revenue from the property tax typically goes to support local services such as schools and law enforcement. Single filers with an income between $70,000 retained earnings and $100,000 can receive up to a $180 tax credit when […]

Understanding one’s position within these brackets is essential for effective tax planning, such as making retirement contributions or charitable donations to maximize tax benefits. If an Oregon state resident has earned less than $2,215 during the tax year, he or she isn’t required to file a state income tax return. This is because the Oregon

Now that we’ve discussed the basics of annuities, let’s look at how to calculate future value. By calculating the present value, you can understand the effective cost in today’s dollars, potentially helping you with budgeting or financial planning. Let’s say someone decides to invest $125,000 per year for the next five years in an annuity