The following Currency Converter will help you know the exchange rate details between two different currencies. Tips on Currency Exchange. Foreign currency and traveler's cheque exchange is available in most of China's cities. Banks, hotels, airports, even the shopping malls will provide such service. In some of the places, the self-service facilities are also equipped to cope with overseas tourists.
Understanding Write-Offs. Write-offs reduce the amount of taxable income you have. For example, if you make $100,000 a year and have $10,000 in write-offs, you would be taxed on only $90,000 in income.In some cases, tax write-offs can lower your federal income tax bracket, reducing the percentage of your taxable income you must pay.or example, if you make $100,000 a year and have $10,000 in write-offs, you would be taxed on only $90,000 in income.
And if you drop into the 15 percent tax bracket in retirement, you will only pay $750 in taxes on that $5,000 later when you withdraw it. By now most of us know that an IRA is a good investment for retirement, but it also saves a big chunk of money on your tax bill.Emily Brandon, writing for US News, explains: Workers can contribute up to $5,000 to an IRA in 2012, or $6,000 if they are age 50 or older.The tax savings from making an IRA contribution in April can be enormous.If an employee who is in the 25 percent tax bracket contributes $5,000 to a traditional IRA, he will save $1,250 on his current tax bill.nd if you drop into the 15 percent tax bracket in retirement, you will only pay $750 in taxes on that $5,000 later when you withdraw it. By now most of us know that an IRA is a good investment for retirement, but it also saves a big chunk of money on your tax bill. Emily Brandon, writing for US News, explains: