Taxes can be complicated, and it can be challenging to know what exactly is considered taxable income. While most people are aware that wages and salaries are subject to taxes, several other sources of income may need to be clarified. ... Read More
A 529 plan can be a tax advantaged way to fund education. However, the real benefits of these accounts are greater for some.
The post Is a 529 Plan Right for You? Tax and Estate Benefits Are Amplified for Certain Income Brackets appeared first on NewRetirement.
2022 was our first full year back in the United States, which means we were fully in the crosshairs of the 3 US tax systems: Federal, State, and ACA. One might think this would result in a large tax burden. But no. Although the incentives have certainly changed. The Go Curry Cracker 2022 Taxes Executive […]
The post Go Curry Cracker 2022 Taxes appeared first on Go Curry Cracker!.
If you’ve read anything from the financial independence community, you’ve read about Roth IRAs. They provide tons of benefits to all retirees, like tax-free growth and the absence of required minimum distributions. There are some benefits more applicable to early retirees, like the ability to access principal before age 59.5. But, what if you don’t …
Continue reading "Why You Should Fund Your Roth Even If You Won’t Need It"
The post Why You Should Fund Your Roth Even If You Won’t Need It appeared first on ChooseFI.
While Tax Day for US readers in 2023 may have just been a couple of days ago, it’s always useful ... Read more
Here are 11 ways that you can spend your tax refund wisely, and save for your future, including saving in an IRA, working on an E-Fund.
The post How To Spend Your Tax Refund: 11 Ways To Do It Wisely appeared first on The College Investor.
If your plan to file on time has been sidetracked by unforeseen circumstances, you can request a six-month filing extension from the IRS.
The post How To File A Tax Extension appeared first on The College Investor.
I like to think I know more about credit cards than the average person. I’ve written dozens of credit card reviews for Money Crashers, after all, and personally tried out more credit cards than I’d like to admit. So, I was surprised and a l...
Get a guided walk through of the new Roth functionality and get tips for making the most of the tool. Plus explore all the ways we help you make better decisions about conversions and tax deferred savings.
The post How to Model Roth Conversion Strategies in the NewRetirement Planner appeared first on NewRetirement.
Planning for the future should involve strategizing to minimize taxes. Explore 25 tips to help you plan, do retirement tax filings, and save money.
The post Tax Season: Go Beyond Filing and Plan to Pay Less in the Future with These 25 Tax Planning Tips appeared first on NewRetirement.
March 16, 2023 After the tumultuous year 2022, it looked like 2023 was off to a great start. But banks threw a monkey wrench into the machine, with the S&P almost erasing the impressive YTD gains, several bank failures, and the prospect of a worldwide banking crisis that all changed. So folks contacted me and … Continue reading March 2023 Market and Moral Hazard Musings
March 10, 2023 After seven years of blogging in the personal finance and FIRE community, I realize that there’s one type of post I’ve always avoided: How to explain FIRE to a complete newbie. Until now, I’ve outsourced that task and simply referred to the Links Page. But where’s a good overview, all in a … Continue reading The Basics of FIRE
The IRS announced that state stimulus checks for Covid-19 aren't going to be considered taxable income federally.
The post State Stimulus Checks Aren’t Taxable Income appeared first on The College Investor.
If you want to lower your taxes, it’s important to have more than a vague understanding of how our tax ... Read more
If you want to pay your entire tax bill at once but don't have the money, what do you do? This article explains some of your options!
The post How to Set Up an IRS Payment Plan If You Can’t Pay Your Taxes appeared first on The College Investor.
We're going to make your job of finding the best tax software easier by providing the details of the five most popular tax software plans available.Compare free and paid tax prep software. TurboTax vs H&R Block vs TaxAct and other top tax prep apps. Pr...
Taxes are most likely our largest ongoing liability. Therefore, we should understand the latest tax brackets for 2023. I go through this exercise every year. Based on a thorough understanding of the 2023 tax brackets, we can then logically come up with...
If you earn income in multiple states, do you have to file taxes in multiple states as well? The answer isn't easy, but here's a guide.
The post Do I Have To File Taxes In Multiple States? appeared first on The College Investor.
Families across the US are struggling with smaller tax refunds (or even owing the IRS) due to the end of Covid-era tax credits and deductions.
The post Smaller Tax Refunds Hurting Families Nationwide appeared first on The College Investor.
Do you need more incentive to generate passive income in order to give yourself more freedom? Then look no further than the below two charts. They show the 2023 capital gains tax rates by income for both short-term and long-term. The short-term capital...