Capital gains occur when you sell an investment for more than you paid for it. These gains are classified as either short-term (from assets held one year or less) or long-term (from assets held for more than one year).…
Browsing Category
Taxes
As tax season approaches, it’s time to settle accounts with Uncle Sam. However, this period also brings out individuals who exploit this obligation by perpetrating scams on unsuspecting taxpayers. In today’s digital world, tax scams have become more sophisticated,…
Financial Planning Retirement Taxes
IRS Unveils Adjusted Tax Brackets and Retirement Limits for 2024
The Internal Revenue Service has recently updated the tax brackets, standard deductions, and limits on retirement contributions for the 2024 tax year. It’s recommended to consider these changes early, even though these taxes aren’t due for some time. A…
If you are a business partner, S corporation shareholder, or an investor in a limited partnership and certain ETFs, there’s a possibility you will receive a Schedule K-1 document. Read more to learn what a Schedule K-1 one is,…
Tax day is right around the corner. Are you prepared? The tax filing deadline for your 2021 taxes is April 18, 2022. What You Need To make the process smoother for yourself, gather all your tax forms and necessary…