Taxes

  • Here Are the Taxes You Pay on /r/WallStreetBets Investment Gains

    Much of America — and other parts of the world — was caught up in the excitement of the investment success of the /r/WallStreetBets Reddit forum in late January, in which a bunch of small-scale investors identified a weak spot in the stock market and successfully exploited it, creating a bunch of individual rags-to-riches stories. […]

    The post Here Are the Taxes You Pay on /r/WallStreetBets Investment Gains appeared first on The Simple Dollar.

  • Tax Breaks for Taking Care of Aging Parents

    NOTE: Due to the COVID-19 coronavirus pandemic, the IRS has extended the federal tax filing and payment deadline to July 15, 2020. The recent relief package passed by Congress may have additional tax implications. Please contact a tax adviser for information you may need to complete your taxes this year. Learn more. In 2015, 43.5… Read More

    The post Tax Breaks for Taking Care of Aging Parents appeared first on Credit.com.

  • How to Avoid Paying Taxes on a Bonus Check

    The satisfaction of receiving a year-end bonus may soon be tempered by the realization that income taxes will have to be paid on the extra money. Bonuses are treated as income and thus subject to taxation, but there are ways … Continue reading →

    The post How to Avoid Paying Taxes on a Bonus Check appeared first on SmartAsset Blog.

  • Effective tax rates in the United States

    I messed up! Despite trying to make this article as fact-based as possible, I botched it. I’ve made corrections but if you read the comments, early responses may be confusing in light of my changes.

    For the most part, the world of personal finance is calm and collected. There’s not a lot of bickering. Writers (and readers) agree on most concepts and most solutions. And when we do disagree, it’s generally because we’re coming from different places.

    Take getting out of debt, for instance. This is one of those topics where people do disagree — but they disagree politely.