If you work for a publicly traded company, you may be eligible to enroll in anemployee stock purchase plan(ESPP), which allows you to use after-tax dollars from your paycheck toward purchasing shares of your company, typically at a discount on the price (usually around 15%). You can cho...
Retirement is just around the corner for Gen X. Here’s what they need to know. Maryalene LaPonsieJan. 9, 2025 Preparing to Retire in 2026 Managing taxes and staying ahead of inflation are among top concerns for soon-to-be retirees. ...
Learn how to fill out your W-4 to get more money on your paycheck. Follow our simple guide to adjust your withholdings, so you can increase your take-home pay each month instead of waiting for a tax refund.
you need to make sure that your annual earnings fall within the government’s threshold. Your ability to deduct your contribution from your taxes begins to phase out as your income increases. The limits vary based on your filing status, so checkthe IRS’ updated guidelinesto verify your eligibi...
There are alsospecialized retirement accounts for self-employed workers. The IRS limits the amount you can add to each of these accounts annually, so be sure to stay within these rules: For 2025, the contribution limit is set at $23,500 for 401(k) accounts (before employer match) and $...
A full-time employee is someone who works between 30 and 40 hours per week. Part-time employees usually work less than 30 hours per week. It’s common for small business owners to question whether to hire full-time or part-time employees. Many owners use both as their business grows and...
Note that it may be a while before your business begins to turn a profit, so set sensible goals for your business. Conduct a break-even analysis A break-even analysis is one tool you can use to know how much cash you’ll need to make to offset your costs, thus breaking even. The ...
Starting a business can be a rewarding opportunity and a chance to pursue your passion. Whether you’re starting a business on your own or partnering up with someone to bring your ideas to life, this journey will require a blend of determination, creativity, and strategic planning. From ...
That’s an easy way to test whether the name is short and memorable enough for someone to recite the website address off the top of their head. For instance, “Carlo’s Homemade Chocolate & Sweets” might sound like a good idea, but that translates to carloshomemadechocolate.com, and ...
The IRS has established these measures to help curb abuses that occur when insurers sell policies with a nominal amount of insurance designed to build a large amount of tax-free cash value. The seven-pay amount varies by age and type of policy. ...