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Taxes
Non-Refundable vs Refundable Tax Credits: What’s the Difference?
Tax credits and deductions play a crucial role in reducing your tax liability, providing valuable ways to lower the income tax you owe. Described by the IRS as a “dollar-for-dollar”…
Read MoreIRS Tax Move Will Save Money For Millions of Americans — Check if You’re Eligible
The IRS is introducing the Direct File pilot program, a new initiative allowing Americans to file their tax returns for free without relying on third-party services such as TurboTax or…
Read MoreFive Things to Know About Social Security and Your Taxes
Unlocking the truth about Social Security taxes! Amidst the confusion, a common misconception prevails that Social Security benefits are tax-free. Brace yourself for a reality check as we delve into…
Read More‘It’s not taxed at all’: Warren Buffett shares the ‘best investment’ you can make when battling inflation — and it doesn’t have to cost you a dime
Warren Buffett’s billionaire simplicity: Ranked eighth globally with an estimated net worth of $116 billion, according to the Bloomberg Billionaires Index, the Berkshire Hathaway CEO stands apart with a seemingly…
Read More3 tax changes you need to take care of before the end of this year
Shift your focus to taxes before year-end! While tax season is traditionally a last-minute affair, savvy taxpayers are turning their attention to the last two months of the calendar year…
Read MoreYou May Have to Put Catch-Up Contributions in a Roth 401(k): That’s Not a Bad Idea
The recent stock market surge has turned the tide for 401(k) holders, with Fidelity Investments reporting an almost 8.3% increase in average account balances in Q2 2023. Notably, the number…
Read MoreA Tax Break Worth the Hassles
The 2017 tax overhaul changed the landscape for charitable deductions, leaving millions without key tax benefits for their donations. However, a growing group of seniors can still enjoy significant advantages…
Read MoreFive Common Retirement Mistakes and How to Avoid Them
Are Your Financial Perceptions Skewed? Help Avoid Common Pitfalls. Relying solely on tax-deferred accounts or anticipating unattainable market gains? Guard against these and other misconceptions to help safeguard your long-term…
Read MoreHigh-Earning Retirement Savers Are Losing Some of Their 401(k) Tax Break
As millions brace for the impending change, savers aged 50 and above are facing the discontinuation of a familiar tax advantage – catch-up contributions to 401(k)s. The alteration, stemming from…
Read MoreFive Books to Make You Smarter About Money
Discover the eye-opening results of the recent Personal Finance Index survey, where U.S. adults scored an average of 48% and Gen Z only 38%. Click here to bridge the knowledge…
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