Social Security benefits, unemployment benefits, alimony, child support and gambling winnings are not earned and do not arise from making investments. Retirement income, such as money you withdraw from a 401(k) or IRA is generally not considered investment income for tax purposes...
PAY DIRT; EARLY LESSONS; Forget savings bonds. Kids with earned income can get a leg up on saving while learning about investing with a Roth IRA.(BUSINESS)McGuire, Kara
3. Jeremy and Winnie have 2 kids, a 5-year-old and an infant. They have multiple streams of income totaling ~$100,000, of which half is from self-employment that is excluded from taxation withthe Foreign Earned Income Exclusion. The remainder is from qualified dividends and long-term capi...
Recently, a friend of mine asked me if he should pay off his auto loan he had acquired years ago. While the interest rate on the loan is very low, less than 3%, he wanted to be free of debt and felt tempted to finish making monthly payments for the loan. He makes good income and...
and Income Tax issues and concerns. In addition to this blog, you’ll find Jim’s writings all around the internet, as he is a regular contributor toForbes.com,TheStreet.com, andFiGuide. Several other sites also republish his work. ...