When you earn from selling an asset, such as a business, land, or stock, you may be subject to capital gains tax. Capital gains can be taxed at the same rate as ordinary income, up...
Posted by James Financial Services Inc on 08/11/2022
Tax planning is becoming a habit in the US. The economy is shrinking; unemployment is increasing, resulting in careful tax planning. Hardship can cause a pothole in your tax bracket,...
Posted by Abundant Wealth Planning LLC on 07/01/2022
A well-diversified retirement plan requires more than a variety of investments. Investors should also consider how their savings will be taxed when they retire. Most Americans save...
Posted by Tiffany Gaskin on 07/01/2022
After years of saving, you've built up a solid savings fund in your tax-supported retirement accounts. However, you cannot leave this money untouched indefinitely. After reaching...
Posted by James Financial Services Inc on 06/24/2022
What is a foreign tax credit?A foreign tax credit is a United States tax credit that is used to offset income tax paid abroad. United States citizens and resident aliens who pay income...
Posted by Rosovich & Associates, Inc. on 05/31/2022
You would be amazed to know the massive difference in the taxes you can save if you plan better. Tax planning is the process of ensuring that all the factors that can reduce your taxes...
Posted by Tiffany Gaskin on 05/22/2022
Taxes are generally complicated. Lawsuit settlements involve money and are not exempted from taxes, but the laws that govern them, just like all other taxes, lawsuit settlement taxes...
Posted by James Financial Services Inc on 05/10/2022
Income tax is paid on earned income, interest, dividends, royalties, or self-employment in the form of services, money, or goods. Capital gains tax is paid on income from the sale...
Posted by KLSM CPA Firm PLLC on 04/17/2022
When you retire and begin to reduce your income from work, it becomes essential to take advantage of all the tax benefits available. This way, you will maximize your savings and help...
Posted by Abundant Wealth Planning LLC on 04/09/2022
