your spouse pay more taxes as a couple than if you were filing as singles (which you can't do after "I do" … sorry). The penalty only kicks in if yourcombined income is over $731,200, or if you live in one of 16 states with a penalty built into its income tax bracket ...
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Do I Need Comprehensive Insurance? Even if you are not required to purchase comprehensive insurance, it may be a good idea to add it to your car insurance policy, especially if you have a new car or the value of your vehicle is high. Remember, comprehensive and collision insurance don’t...
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Have you been self-employed less than a year? If you’re just starting out, it’s possible you worked at a job earlier in the tax year before making the switch to self-employment, or you’re working multiple jobs. In this case, you may have more than one
Think expenses like medical bills and car maintenance. Here are a few examples of credit cards offering cash back rewards: Card name Cash back rate Citi® Double Cash Card 1% back on all purchases and 1% back when you pay off your purchases (effectively 2% back) Capital One Quicksilver ...
Before you invest in a CD, you’ll want to consider the tax burden. The interest you earn on a CD is consideredwhich is typically subject to federal, state, and local taxes. Interest income is taxed at the same rate as ordinary income and is taxed the year you receive it (i.e. whe...
Tariffs hurt consumers because it increases the price of imported goods. Since an importer has to pay a tax in the form of tariffs on the goods that they are importing, they pass this increased cost onto consumers in the form of higher prices. ...
Even though tax season happens predictably every year, have you ever found yourself wondering, ‘What do I do with my tax refund?’ If so, and if you’re expecting a refund this year, now’s the time to consider where it fits into your financial plan. Preparing in advance for ways to...