by Christina Minton | Oct 30, 2023 | Your Income
Everybody likes getting something for free, and taxes are no different. If you invest in securities such as municipal bonds (munis) or municipal bond funds, you can generate tax-free interest income. Here is what you need to know. Advantages of municipal bonds You pay...
by Christina Minton | Sep 4, 2023 | Your Income
Not all income is the same in the eyes of the tax code The tax code uses jargon that can be confusing for the unwary. One of them that impacts most of us is the term unearned income. Unearned income is often defined as anything that is not earned income. If you find...
by Christina Minton | Aug 14, 2023 | Your Income
What everyone should know When you win a prize, there are really two winners: you and the taxing authorities. Should you be fortunate enough to win that trip of a lifetime to the French Riviera in your new yacht, here is what you need to know. Prizes and taxes Prizes...
by Christina Minton | Jul 16, 2023 | Your Income
While the maximum capital gain tax rate can be as high as 23.8 percent, most taxpayers pay 15 percent. But there is the possibility to have your capital gains go tax-free…yes, zero percent! In fact, this tax break has been around for more than a decade and comes...
by Christina Minton | Jun 19, 2023 | Your Income
Tax Beneficial Savings Alternatives With the recent interest rate increases made by the Federal Reserve, it is time once again to actively manage your savings to ensure you are getting the most for your money. Here are some tips to consider. Maximize the kiddie tax...
by Christina Minton | Apr 24, 2023 | Your Income
Three-fourths of filers get a tax refund every year, with the average check weighing in at $2,972* so far this tax season. Here are some ideas to put that money to good use: Pay off debt. Part (or all!) of your refund could be used to reduce or eliminate debt. With...
