Kresnier Perez

The Financial Crimes Enforcement Network (FinCEN) is a bureau within the U.S. Department of the Treasury responsible for protecting the financial system from illegal activities. Founded in 1990, FinCEN’s core function involves combating money laundering, terrorist financing, and other financial crimes through the systematic collection, analysis, and distribution of financial intelligence data. FinCEN publishes reports, […]

The rise of remote work has transformed the landscape of employment, leading to a significant shift in how individuals approach their work environments. As more employees find themselves working from home, understanding the nuances of work-from-home deductions becomes increasingly important. These deductions allow individuals to recoup some of the costs associated with maintaining a home

H&R Block Online has established itself as a prominent player in the realm of tax preparation services, offering a user-friendly platform that caters to a diverse clientele. Founded in 1955, H&R Block has evolved from a traditional brick-and-mortar tax service into a robust online solution that simplifies the tax filing process for millions of Americans.

Tax deductions are a crucial aspect of the tax system, allowing individuals and businesses to reduce their taxable income, thereby lowering the amount of tax owed to the government. At its core, a tax deduction is an expense that can be subtracted from an individual’s or entity’s total income to arrive at the taxable income.

Tax deductions play a crucial role in the financial landscape for individuals and businesses alike. They serve as a means to reduce taxable income, thereby lowering the overall tax liability. Understanding the intricacies of tax deductions is essential for anyone looking to optimize their financial situation. The concept of tax deductions is rooted in the

Tax preparation programs have become an essential tool for individuals and businesses alike, streamlining the often daunting process of filing taxes. These software solutions are designed to simplify the complexities of tax law, making it easier for users to navigate their financial obligations. With the advent of technology, tax prep programs have evolved significantly, offering

The United States employs a progressive federal income tax system where tax rates increase with higher income levels. This structure requires individuals with greater earnings to pay proportionally more in taxes to fund government services and infrastructure. The Internal Revenue Service (IRS) administers federal tax collection, while state and local governments levy additional taxes including

A 401k plan is a retirement savings vehicle that allows employees to save and invest a portion of their paycheck before taxes are taken out. This type of plan is named after a section of the Internal Revenue Code and is designed to encourage long-term savings for retirement. Voya Financial, a prominent player in the

Horizontal analysis is a financial analysis technique that examines changes in financial statement items across multiple time periods. This method enables analysts to track performance trends, identify growth patterns, and detect unusual variations that single-period financial statements cannot reveal. The technique involves comparing financial data from consecutive periods to calculate percentage changes and absolute differences

The Voya 401(k) plan is an employer-sponsored retirement savings program administered by Voya Financial. Participants can contribute a percentage of their pre-tax salary to the plan, which reduces their current taxable income. Contributions and investment earnings grow tax-deferred until funds are withdrawn, typically during retirement. The plan offers multiple investment options, enabling participants to construct