How to make 0% capital gains on the latest stock market rally
In a strong stock market year, a lesser-known strategy could help rebalance your portfolio and save taxes in the future. This tactic, known as tax-gain harvesting, involves strategically selling the assets in your profitable brokerage account during lower-income years, such…
3 changes I expect to see in your taxes if Harris wins the 2024 election
Josh Brown/ZUMA Press Wire / SplashNews.com / Josh Brown/ZUMA Press Wire / SplashNews.com There are less than three months until Election Day, and voters around the world are still trying to figure out which U.S. presidential candidate to vote for—and…
This required minimum distribution strategy helps avoid tax penalties
Aire Pictures | Moment | Retirees may have income from Social Security, a pension, a retirement plan or other sources – and they typically must either have taxes withheld or make quarterly payments to avoid IRS penalties. For 2024, the…
10 countries that will tax social security benefits in 2024
AJ_Watt / Getty Images Although Social Security benefits are taxable at the federal level, most recipients have not had to worry about paying taxes on their benefits or state income taxes. That will remain the case in 2024, although residents…
Trump’s plans to cut Social Security taxes could jeopardize benefits
Republican presidential candidate and former U.S. President Donald Trump holds a campaign rally in Harrisburg, Pennsylvania, USA, July 31, 2024. Elizabeth Frantz | Reuters Trump’s plan could bring forward the bankruptcy of Social Security, including the disability program, by two…
