You can maximize your tax refund in several ways — from paying off high-interest debt to investing in a business or saving for retirement. One or more of these options could be the perfect fit for you.
As we’ve written about on Bplans previously, many people haveuntil they are able to go full time in the direction of their own business. Renting a room in your house using a popular site likeAirbnbis a great example. Like this post? Share with a friend!
“At the lower end of the economy, among families with $50,000 and below in disposable income, a lot of folks were severely impacted by shutdowns and cutbacks. We think for them it’s going to be a slower recovery and some households won’t spend as much as they did last year,” ...
Earning extra income doesn’t have to be hard as long as you’re smart about it. Choose a gig that allows you to utilize prior knowledge or a passion of yours, and work on your own schedule. There’s a certain sense of freedom when it comes to working on a side hustle, and you...
"On the flip side, while receiving a tax refund check feels nice, that money could have been used elsewhere throughout the year, such as earning interest in a high-yield online savings account,” he adds. What to Do if Your Tax Refund Is Higher or Lower Than Expected If you expected ...
Please remember that the value of investments and the income from them can fall as well as rise, and you may get back less than you invest. If you’re not sure about investing, seek financial advice. There will normally be a charge for that advice. Tax treatment depends on individual cir...
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 deductibl...
There's a side gig for everyone; you just need to figure out your perfect fit. Start with an idea above, then considering branching out even if your first try doesn't work out. Like any type of income, generating a solid source of passive income can take some upfront time and effort...
3. Have Additional Income Even if you have a great full-time job, it’s not a bad idea to have a source of extra income on the side, whether it’s some consulting work or selling collectibles on eBay. More jobs mean more job security. Diversifying your streams of income is at least...
thecarried interestprovision allowing private equity managers to be taxed at the lowercapital gains taxrate on the bulk of their compensation. Legislative attempts to tax that compensation asincomehave met with repeated defeat, notably when this change was dropped from theInflation Reduction Act of ...