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...
by Christina Minton | Nov 14, 2022 | Your Income
And everyone seems happy to pay Now that the dust has settled on the big lottery winnings, it is worthwhile to see how the tax math works. Seen in the light of day, it is a great way for federal and state governments to triple tax this income and get even the lowest...
by Christina Minton | Oct 10, 2022 | Your Income
One of the best places for parents to look for tax savings If you’re a parent, your dependent children can be a source of tax savings. There are the well-known provisions in the tax code such as the Dependent Child Care Credit and the Child Tax Credit, but...
by Christina Minton | May 23, 2022 | Your Income
Summer brings warm weather, fun outdoor activities, and new opportunities to earn some additional income. However, taxes on seasonal income need to be handled with care, whether they’re related to your child’s first job or an extra income opportunity for...
