But hey, depending on where you live, you might have to deal with federal, statelocal taxes . . . that’s a lot! If you’re feeling overwhelmed this tax season, work with one of our RamseyTrusted tax advisors who serves your area. That way, you can rest easy knowing you have aon ...
The tax code typically encourages Americans to save for retirement. It also gives employers incentives to set up retirement plans for their workers. One way it does this is by offering tax credits to offset some of the costs of setting up a retirement pl
The financial industry is heavily regulated, and advisors have specific tasks that must be completed on a timely basis. They havecomplianceactivities associated at both the federal and state level, as well as their professional designation boards. Regulations change frequently, and often there is a ...
And right now, rates on cash management accounts tend to be quite high. “Interest rates have been rising across the industry,” said Kyle McBrien, a financial planner with Betterment. ” And that’s because the Federal Reserve’s rate hikes to help cool inflation.” In addition to ...
The major perk of using an FSA is that you can set aside pre-tax dollars for medical expenses, which can help you save money. For example, if you owe 30% in state and federal income taxes and contribute $1,000 to your FSA, you save $300 by putting that money in an FSA and using...
College tuition prices are increasing but there are ways to find a school to fit your budget & goals. Learn about the cost of college from industry experts.
While students have until June 30 – nearly two years after the FAFSA opens on Oct. 1 – to apply for federal financial aid, state deadlines to submit the FAFSA and be eligible for state aid are often much earlier. Read: FAFSA Deadlines You Should Know."...
On Wednesday, December 18, Rudy Kurniawan was found guilty in a federal court of wine fraud. It was the first-ever criminal wine counterfeiting trial in the USA. The prosecution delivered a definitive victory. Now, in the wake of the guilty verdict, we must ponder: What effect will Kurniawa...
Understanding Tax Credits Federal and state governments may grant tax credits to promote specific behaviors that benefit theeconomy, the environment, or anything else that the government deems important.4 For example, a tax credit is available thatrewards people for installing solar panels for home us...
Federal tax brackets areprogressive, meaning that the higher your income, the higher your tax rate.1This does not always translate into paying more in tax dollars, because of the deductions and credits that can be applied against the tax that you owe. When the federal tax brackets were create...