Is social security taxable? Is your Social Security income taxable? The answer isn't exactly a simple one.
How to avoid capital gains tax Capital gains taxes are owed when an asset is sold for more money than was paid for the asset. Learn more about capital gains taxes and how to avoid them.
Do you need to make estimated tax payments in 2024? If you receive income such as interest, dividends, alimony, self-employment income, capital gains, or prizes, you may have to make what the IRS terms “estimated tax payments.”
Unraveling the 403(b): Eligibility, withdrawal rules & taxes A 403(b) plan is similar to a 401(k) plan with a few exceptions. Here's how 403(b) plans work, as well as the pros and cons of investing in this type of retirement plan.
Required minimum distributions (RMDs) Required minimum distributions (RMDs) require retirees to start withdrawing money and paying taxes on withdrawals when they reach a certain age. Learn how to calculate your RMDs.
IRS Direct File: How it works and who is eligible Direct File is a new tax tool to file federal taxes directly with the IRS. The online offering is currently available for more than 30 million eligible taxpayers.
What are short-term capital gains taxes? Short-term capital gains tend to be when you owned an asset for a year or less before selling it for a profit. Short-term gains may be taxed at a higher rate than long-term ones.
Wash-sale rule: A key consideration in tax-loss harvesting Within tax-loss harvesting, the wash-sale rule prohibits you from writing off an investment loss, which could make your taxes higher than hoped. Learn how to identify and avoid wash sales.
What is a 401(k)? The 401(k) is a common workplace retirement plan that gives employees the opportunity to invest for retirement in a tax-advantaged way. Learn how it can serve as a pillar of wealth building.
Gift tax: What is it and how does it work? Gift taxes are levied when a person gives away more than the annual per-recipient limit. Learn more about the exclusions, tax rates, and how to avoid gift taxes.
Standard deduction: Tax advantage The standard deduction is a fixed dollar amount that reduces the portion of your income on that you’re taxed. It allows taxpayers to reduce their taxable income and simplify the tax process.
Prep your W-4 form for 2025 tax season The amount of tax you pay – and withhold along the way – can have a big effect on your finances at filing time. One document can make a big difference: your W-4.
