Jason Cipriani/TheStreet The Arena Media Brands, LLC and respective content providers to this website may receive compensation for some links to products and services on this website. As someone who lives in Colorado, I have a love/hate relationship with the winter. Between late October and the end of March, the lack of outdoor activities is… Continue reading This High-Tech Garmin Provides Peace of Mind Anywhere
An Early Withdrawal From Your 401(k): Understanding the Tax Consequences
If you need money but are trying to avoid high-interest credit cards or loans, an early withdrawal from your 401(k) plan is a possibility. However, before you consider this option, be forewarned that there are often tax consequences for doing so. Our TurboTax Live experts look out for you. Expert help your way: get help… Continue reading An Early Withdrawal From Your 401(k): Understanding the Tax Consequences
How to Pay Your Taxes: 10 Ways to Pay Your Tax Bill
No one wants to end up with a tax bill. But if you do owe money for taxes, you’ll want to know what your payment options are. Here’s how to pay taxes and how to decide which option is right for you. Our TurboTax Live experts look out for you. Expert help your way: get… Continue reading How to Pay Your Taxes: 10 Ways to Pay Your Tax Bill
Taxes 101: Why You Shouldn’t Overpay Taxes
The tax filing season is in full swing. According to the Internal Revenue Service, more than 63 million refunds have already been issued worth over $204 billion (as of April 1, 2022. With so many refunds, it’s no surprise that taxpayers often ask: “Is it better to owe taxes, or is it better to get… Continue reading Taxes 101: Why You Shouldn’t Overpay Taxes
Reporting Self-Employment Business Income and Deductions
Schedule C: Consider income, expenses, and vehicle informationEach year, sole proprietors have the chore of preparing and filing Schedule C with their 1040 to show the IRS whether their business had a taxable profit or a deductible loss. Schedule C can seem daunting, but filing will be easier if you plan ahead and keep good… Continue reading Reporting Self-Employment Business Income and Deductions
LLC Tax Filing Rules
IRS default designationsImmediately after you create the LLC, the IRS automatically treats your business as a partnership, but only for income tax purposes. However, if you are the sole owner of the LLC, then you must pay tax on business profits as if you were a sole proprietor. Both designations have different tax filing rules.… Continue reading LLC Tax Filing Rules
There’s Help for Military Caregivers
There are 5.5 million military caregivers in the U.S. For caregivers who are facing a financial crisis, here is some very helpful news. The Elizabeth Dole Foundation has launched The Hope Fund for Critical Financial Assistance to offer immediate financial aid to vulnerable military caregivers. With support from the Bob & Dolores Hope Foundation, the… Continue reading There’s Help for Military Caregivers
How Tax Loss-Harvesting Can Offset Gains
Investors with some huge gains and huge losses might want to consider what is called tax-loss harvesting. The right planning now can potentially offset gains for next year’s tax filing. But, what is it? How does it work? Video Transcript:Tracy Byrnes: So the market’s been really sketchy lately, so people have seen some gains. They… Continue reading How Tax Loss-Harvesting Can Offset Gains
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