The IRS offers unique tax benefits to parents, including a number of tax credits that can help you lower your tax bill. Taking advantage of the tax benefits of having a child can help you maximize your refund and save for your child's future. Learn more
Income exclusions are tax breaks The best tax break of all is being able to entirely eliminate certain types of income from your tax return. Generally, these types of tax breaks apply to specific taxpayers. One example is the potential to exclude most, if not all, of your Social Security ...
What Are Quarterly Taxes? 7 min read Whether you’re totally self-employed or have a lucrative side hustle, you might have to make quarterly estimated tax payments to the IRS. Get all the facts you need to know on quarterly taxes.
The capital gains or profits are referred to as having been realized when stock shares or any other taxable investment assets are sold. The tax doesn't apply to unsold investments or unrealized capital gains. Stock shares won't incur taxes until they're sold no matter how long the shares ar...
Best Semiconductor Stocks Challenges are stacking up for the powerhouse semiconductor companies, but AI is picking up the slack. Brian O'ConnellFeb. 25, 2025 Best Tax-Free Muni Bond Funds Municipal bond funds can provide exemptions from federal and, in some cases, state taxes. ...
Impact of Net Investment Income Tax These strategic solutions can help high earners minimize net investment income tax and protect their wealth. Kate StalterFeb. 21, 2025 7 Best Long-Term ETFs to Buy and Hold These simple, diversified funds are foundational investments for any portfolio. Jeff Re...
High deductibles mean higherout-of-pocket costs, but your HSA contributions and withdrawals for eligible expenses are tax-free. This could save you money in the long term, especially if you have significant medical needs. Key Takeaways
Nobody is claiming you as a qualifying child on a tax return. If you're claiming the EITC without a child, you're at least 25 but under 65 years old. When filing with a spouse, at least one of you must meet the age requirement. If you are claiming the credit for a child, they...
While you need to include all capital gains in your tax return for the year you sell the shares, a discount applies for longer-term investments. Investments held for more than 12 months are only taxed on half of the capital gain. This is known as thecapital gains tax (CGT) discount....
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