Let’s say you have a portfolio of investments like stocks, bonds, or mutual funds, so you want to maximize your returns by saving on fund expenses and tax costs. If you have holdings in Vanguard and are looking for the best funds that have a low-risk rating, you might be overwhelmed with options and are…
Best ETFs For Taxable Accounts
When you’re looking into investment opportunities or trying to make your money work well for you, you should be making an effort to look for the most tax-efficient solutions available to you if you want to make the most of your income in the long term. This is especially important for high-income investors, as tax…
Best Books On Taxes
Most people will have to file a tax return annually. Whether they do it themselves or hire an accountant, understanding the tax system is important especially if they want to save money on their taxes. But the system can be complicated and unwieldy particularly for those people who have never filed a tax return before…
Are Stock Losses Tax Deductible?
When the IRS is mentioned, people tend to assume this body with how they police paying taxes, but what is often overlooked is how this institution is also in charge of offering tax breaks and other services which can make paying back your taxes significantly easier. Knowing how to fill out your tax return is…
Can You Change Social Security Tax Withholding Online?
It’s important to know what your tax holding should be and that it will be sufficient to cover the taxes that you owe. Sometimes it may be necessary to change your social security tax withholding, but you may be unclear how to go about doing this. We will look at whether you are able to…
Are New York State Tax Refunds Delayed?
If you are expecting to be refunded money owed to you, you need to know when you can expect to receive it. Disruptions to the receipt of money due can be very problematic because outgoings don’t stop just because incoming money is delayed. And if you don’t know when the money is due to arrive,…
Are Closing Costs Tax Deductible?
There is a lot to think about when you’re filing out your taxes, hoping that you include every little thing that the Internal Revenue Service (the IRS, the body that collects your taxes) will need to know about. Filing taxes can be especially difficult for people who have just bought a home, with lots of…
Are Bonuses Taxed Differently?
You’ve earned bonuses for this year? Hooray! But do you have to pay your taxes on them? Yes, bonuses are considered supplemental wages by the IRS so they need to be taxed as regular income is. The good news is that it is your employer’s responsibility to work out how much to withhold from your…
How To Opt Out Of Child Tax Credit
While we are all very lucky to live in a country where the needy are provided for through such schemes as child tax credit, not everyone wants to receive it. If you are very proud, taking a hand out such as the child tax credit feels wrong, especially if you feel like you don’t really…
How Long Does It Take To Do Taxes?
As a financial year draws to a close, it’s wise to start thinking about filing your taxes. This complex and arduous process can be time-consuming, but it’s important that it’s done correctly so you don’t get that dreaded visit from the IRS. Tax filing is a daunting task for most taxpayers. This guide will help…
