Many credit cards charge an extortionate rate of interest, and most only require that you pay a small percentage of the outstanding balance each month (typically 2, or 2.25%). Using this calculator you can see just how long it takes to pay back money to a credit card company if you only pay the minimum.
Your âDuty Free Customs Allowanceâ is just the beginning! Hereâs the thing that savvy crossers know - Canadian and U.S. residents can shop as much as they like when they cross the border. âDuty Freeâ refers to the fact that there are set amounts regarding what can be brought across free of taxes and duties. The portion that is tax and duty free is called a customs allowance.
You claim each allowable exemption on the first page of the Form 1040 or 1040A. There is no special area for exemptions on Form 1040EZ. Because this form is for taxpayers without dependents, the exemption amount is accounted for in the standard deduction amounts shown on that tax return for single or married taxpayers. For every person who qualifies as an exemption, youâll need to include that personâs Social Security number on your return.