Individual retirement accounts, commonly known as IRAs, are a tax-friendly way to build retirement savings. A Roth IRA has unique…
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Everything you need to know about the new IRS Schedule 1-A tax breaks
Tax filing season is officially underway, and with it comes a new addition to the federal Form 1040. Schedule 1-A…
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Gold has been on a run all year. Here’s how to avoid a tax hit.
Gold (GC=F) — long dismissed by critics as a dusty hedge for doomsday preppers — is dominating again. On March…
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How are dividends taxed?
If you receive dividends through stocks, exchange-traded funds, or mutual funds, you’ll likely owe taxes on the income. Here’s what…
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Want a bigger tax refund? 4 money moves to make before April 15.
If you’re hoping for a bigger tax refund this year, the window to make a difference is closing fast. While…
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What is it, and how can I check or change it?
Your take-home pay is never the full amount you earned. Before the money even reaches your bank account, your employer…
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How billionaires get away with paying less income tax
While many Americans sweat income tax time, for billionaires, it’s barely on the calendar. That’s because for the very richest,…
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How to claim the student loan interest deduction: Rules and income limits
If you borrowed money for college for yourself or your child, you may be eligible for the student loan interest…
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There are 5 federal tax filing statuses. Which one is right for you?
One of the first things you need to know when you prepare your taxes is your filing status. Your tax…
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Marginal vs. effective tax rate: What’s the difference?
When you’re planning for taxes, it’s helpful to know both your marginal tax rate and your effective tax rate. Marginal…
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