For most 401(k) plans, the 401(k) tax only applies to withdrawals. Most 401(k) plans are tax-deferred, meaning no income tax on contributions or earnings, interest, or dividends that...
According to the IRS, tax rates will depend on the taxpayer's source of income. Your income from the sale of stocks, for example, will generally be taxed at a lower rate than your...
The process of growing your financial asset is known as investment. This can happen in various ways, like investing in an asset that will give a cash flow, rising prices, or both....
The adoption credit is a nonrefundable tax credit, which means that the tax credit amount is limited to taxes due on your 2020 income tax return. Any additional credit value can be...
It is the financial responsibility of every homeowner to pay property tax. The revenue from this tax is essential to keep the community running and fund public projects, construct...
Lending money to a family member (or borrowing from a family member) may seem like a good idea: the borrower gets easy approval, and any interest paid is left to the family rather...
Posted by Valderas Financial Solutions LLC on 11/12/2019
The Tax Cuts and Job Act is the most crucial series of amendments to the US tax code in a few decades. The vast majority of the amendments will come into effect in the 2018 fiscal...
Posted by Flynn Financial Group Inc on 10/29/2019
If your retirement is decades away or just around or you already have the dream, you can now do some simple things to reduce taxes.Taxes In Retirement? Yes and yes Part of social security...
Posted by Debi G Hill, CPA on 10/01/2019
The process of growing your financial assets is called investing. Investing in assets that provide cash flow, rising prices, or both, are some various ways to do this. Keeping investment...
Posted by Flynn Financial Group Inc on 07/26/2019