Gwen Moran
Though most home-sale profit is now tax-free, there are still steps you can take to maximize the tax benefits of selling your home. Learn how to figure your gain, factoring in your cost basis, home improvements and more.
If you can demonstrate to the IRS that you were insolvent at the time the debt was cancelled, you can similarly avoid taxes on that debt. Cancelled debt If your debt has gotten so large you can no longer afford to pay it, negotiating a debt cancellation with your lender might be just ...
Because there’s no long term commitment. No payroll taxes. No work station at your location. And a lot of other money-related reasons. (Check with your friendly human resources expert in your state before you decide to go this route. There are rules, people.) But most of the money-rel...
Oh, it’s wonderful, you can sit there drinking your soup and watching the view go by. I like it…D: I bet it’s a …it’s a hell of a lot of cheaper than the plane.A: Well, actually, I thought it was quite expensive…um…unless you’ve got, you know, a student card or...
What you can do You aren't going to be able to escape added taxes, charges, or levies placed on tourists for popular attractions. However, to avoid any nasty surprises, you should check the terms and conditions of any tours or activities you book -- and, perhaps, venture outside of th...
Where you send your child to school is often a personal choice. If you choose private K-12 schooling, some federal tax benefits can help to reduce your cost.
Plus, you can transfer the Citi ThankYou Rewards® points you’ll earn to over a dozen airline and hotel partners, and the card’s annual $100 off a single hotel stay that costs $500 or more booked through Citi Travel (not including taxes and fees) can offset all of its $95 annual...
at $10 per share would be sold. If you hold onto those shares, you can select which shares to sell when you do so. In other words, you can choose the shares you paid the most for ($20), which can lessen the amount of capital gain and, as a result, the amount of taxes paid....
Holding part of your portfolio incash or cash equivalentsgives you a lot of flexibility during market corrections. You can take advantage of lower stock prices by buying quality assets at lower prices. Cash reserves also act as a safety net, ensuring you don't need to sell other assets at ...