What they want, of course, is class-warfare taxes. But there’s a tiny, itsy-bitsy, teeny-weeny problem with that approach. Simply stated, there are not enough rich people to finance big government. Not even close to enough. There are two reason why I know this is true. First, Brian...
By the way, my opposition to “putting taxes on the table” is practical rather than ideological. Back in 2012, Iwrote that I would accept a big tax increase, but only if the other side would accept various changes to control the burden of government spending. Needless to say, none of ...
Don’t be house poor—be house wise by making sure you’re not spending more than 25% of your take-home pay on housing. (That includes your rent or mortgage plus HOA fees, taxes, insurance and PMI). This makes your home a blessing instead of a financial curse. 3. Switch to reusable...
Here’s a list of the most common personal budget categories, but you can add or delete as needed to fit your situation: Housing. This includes rent or mortgage payments, property taxes, insurance, and HOA fees. Utilities. Some might consider utilities as housing fees, but others create a ...
If you maximize your account, you can save between $500 and $2,000 in taxes each year, depending on your tax bracket. Calculate my DCFSA tax savings. Check out Health Equity’s webinar,DCFSA: Turn caregiving into tax saving, to discover what expenses are covered and strategies...
Property taxes (if they’re not rolled into a mortgage) Movies Phone bill Life insurance Warehouse membership (Costco, Sam’s club, Amazon Prime, etc.) Credit card fee (some cards have yearly costs) House decor Banking (interest owed or fees) Household goods Pet care Child care Kids’ Expe...
taxes, retirement and other money matters. you may also like tax deductions for charitable giving these charitable-giving strategies may give you a bigger tax break than writing a check. kimberly lankford dec. 24, 2024 gift cards if you're thinking of giving someone a...
There are other taxable income considerations. For example,you won’t pay capital gains taxeswhen selling appreciated stock or funds in a taxable account if your total taxable income (which includes the realized capital gains from selling) falls within the 0% capital gains bracket that goes up ...
day, let’s do a quick refresher.In late July 2022, the US Congress reached a massive deal on a tax reform and spending package. The law changed some tax rules, implemented prescription drug pricing reform, and provided some funding for health care and the agency that collects taxes. ...
Deadline extensions.Employers have the option of adding one of the following: Some plans allow a grace period until March 15thof the following year as opposed to a December 31st deadline to use your funds, but it may only apply to claims and not late purchases. Check with your employer on...