Experts say retiring abroad could reduce your living costs
Mario Martinez | Moment | For seniors looking to reduce their expenses while improving their quality of life, the idea of settling abroad could be attractive, financial experts say. So far, nearly a third of retirees have moved either domestically…
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…
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…
Secret weapon of Chinese tax collectors in the fight against tax evasion: Phase IV of the Golden Tax system
A key function is the control of invoice creation, the so-called Subscribe – a legal receipt that serves as proof of purchase for goods and services. Phase IV of the Golden Tax system aims to build an information sharing system…
Harris calls for child tax credit of up to $6,000 for newborns
U.S. Vice President Kamala Harris speaks at an event with U.S. President Joe Biden (not pictured) in Prince George’s County, Maryland, U.S., August 15, 2024. Elizabeth Frantz | Reuters Vice President Kamala Harris unveiled an economic plan on Friday that…
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…
