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There are plenty of ways to lower your taxes, including credits, deductions and advanced investment strategies. Maryalene LaPonsieFeb. 26, 2025 Tax Deductions for the Self-Employed The general rule is that any ordinary and reasonable expense you pay while conducting a business activity is deducti...
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The larger the gap is between earners in a family (and again, we’re generally talking about spouses here) the more benefit income splitting tax strategies are. Are You SavingEnoughfor Retirement? Canadians Believe They Need a$1.7 MillionNest Egg to Retire ...
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Consider International Tax Treaties Final Thoughts Understand Your Tax Obligations As a freelancer, you’re considered self-employed by the Internal Revenue Service (IRS) in the United States. You’re responsible forpaying income taxeson your earnings as well as self-employment taxes, which coverSoci...
The Best Asset Protection Strategies What are the best asset protection strategies money can buy? We often get asked “What are the best asset protection strategies available?” Many people ask me to cut to the chase, especially those that are self-employed, wishing to safeguard their assets ...
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CNBC Select has a five-step strategy for creating a budget. Figure out your monthly take-home pay. If you're a full-time W-2 employee, this will typically be the same amount each month. Your take-home pay may fluctuate if you're self-employed or do freelance and gig work. List out...
If you’re saving for retirement, you have several strategies to choose from. The best retirement plans are typically tax-advantaged accounts like 401(k)s and IRAs.