What's The 'Taxes-On-Sale' Concept And How Can You Take Advantage?
This worthwhile concept refers to certain periods and manners in which its possible to optimize the tax burden on investments in your favor.
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2024's Most Searched Tax Deductions Could Land You A Big Refund
If you play your cards right, these popular tax reductions could significantly boost the amount of money you'll get back from the government.
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Get A Bigger Tax Refund With A Stock-Selling Trick You Might Not Know About
Follow this practice employed by savvy investors to lower the tax burden on sold stocks over the course of a single calendar year.
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How To Legally Avoid Paying Taxes (And Boost Your Career At The Same Time)
You likely know that you can deduct interest paid on a student loan. However, there are a few other college-related ways you lower your tax liability.
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Big Changes Could Be Coming To Social Security Spousal Benefits
Removing a specific claim option could have significant impact on some Social Security claimants, though the pot is being balanced in other ways.
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The Type Of Trust That Can Help You (Legally) Avoid Paying Taxes
Forming an irrevocable trust can help you legally avoid certain taxes if you follow the process correctly, but there's much you should know.
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Why You Should Consider The Wash-Sale Rule Before Buying And Selling Stocks
The wash-sale rule comes into play when you sell shares of a stock at a loss and then re-buy them shortly thereafter, affecting tax loss harvesting.
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5 Ways New Tariffs Will Impact Your Family's Budget
Tariffs are coming to the U.S. economy if Donald Trump follows through with his proposed tariffs, affecting everything from garlic to furniture to fashion.
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What Are Tariffs And Who Pays For Them?
While on the campaign trail, President-elect Donald Trump said, "Tariffs are the greatest thing ever invented." Here's how they affect the consumer.
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Why FICA Taxes Are Taken Out Of Your Paycheck
FICA dates back to 1935, the same year the U.S. established the Social Security program. In 1965, FICA was expanded to account for Medicare as well.
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Reduce Your Taxes On Social Security With This Generous Tip
The Social Security Administration says ~40% of Social Security recipients pay taxes on their benefits. Here's a way to possibly get into the other group.
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Here's When The IRS Is Allowed To Garnish Your Social Security
The IRS can garnish wages, but the revenue service can also garnish Social Security. Keep in mind it has 10 years to collect from the assessment date.
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What Is The 'Bucket Strategy' And How Can It Affect Your Retirement Plans?
This retirement strategy is one way to manage retirement income by way of "buckets" that correspond to short-, medium-, and long-term financial goals.
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Will The New 2025 Income Tax Brackets And Standard Deductions Affect You?
Each year, the IRS releases new inflation-adjusted tax brackets and standard deductions. In 2025, these adjustments are smaller than in 2023 and 2024.
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The Truth About The Laffer Curve Theory And How It Affects You
Named after economist Arthur Laffer, the Laffer curve is a concept you've likely heard in the news as it concerns taxes, tax revenue, and proposed tax cuts.
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What Happens If You Contribute Too Much To Your Roth IRA
When contributing to a Roth IRA, it's crucial you know what the contribution limit is for the year. Further, remember the limit applies to all IRAs.
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You've Been Warned: Retiring In This State Could Cost You
Key in why it's so costly to retire in this state: housing prices, among the highest in the nation. It's joined by four other usual suspects.
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How Donating Plasma Could Get You In Trouble With The IRS
Many may not realize, but you get paid for plasma donations. If you "earn" more than a certain amount, you'll need to make sure the IRS knows, too.
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The 2024 Tax Extension Deadline Is Fast Approaching. What Happens If You Miss It?
The IRS offers taxpayers a one-time tax-filing extension every spring. In April 2024, the IRS estimated 19 million taxpayers would file for an extension.
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What Are Unrealized Capital Gains And How Does It Affect You?
Long-term capital gains are taxed at a 0%, 15%, or 20% rate, depending on your income, but some wealthy Americans manage to avoid this tax liability.
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Why It's Important To Factor Social Security Into Your Estate Planning
The Social Security Administration has a specific way of handling benefits for anyone who needs help managing their money, like in the event of death.
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Strategies To Minimize Your Tax Liability In Retirement, According To A Tax Coach
For retirees, many of whom live on a fixed income, paying less taxes can only help. Tax strategist Barbara Schreihans explained ways they can do so.
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Who Will Lower America's Taxes More, Donald Trump Or Kamala Harris?
The Tax Cuts and Jobs Act of 2017 is central to the proposed tax policies of the two U.S. presidential candidates. The TCJA is set to expire at the end of 2025.
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The Hidden Truth Behind Estate Sale Tax Implications
An EstateSales.NET 2023 survey found that the most common reason for an estate liquidation is the loss of a loved one. Downsizing or moving came in second.
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Are Remote Workers Taxed Differently?
A lot more people in the U.S. are working remotely these days, with the Pew Research Center estimating that 22 million people are doing so on a full-time basis.
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Do Amish Pay Taxes?
You may have heard that Amish community members aren't required to pay taxes. This, however, isn't exactly true, though they are exempt from certain taxes.
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What Actually Happens When You Get Audited By The IRS
Keep in mind that the majority of audits are resolved through the mail. In any audit, it's more that the IRS needs information to resolve discrepancies.
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