The Motley Fool
MARCH 9, 2024
But that doesn't mean you're doomed to an exorbitant tax bill. One strategy that could leave you paying less money in taxes is to contribute to accounts that allow you to legally shield income from the IRS. Read more: we researched free tax software and put together a list of the best options here 1.
The Motley Fool
AUGUST 16, 2023
A lack of any progress on federal marijuana legalization has led to some significant sell-offs. Many investors appear to be waiting for more favorable market conditions, possibly even waiting for legalization to occur first. But waiting until legalization to invest in this growing industry could be a big mistake.
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The Motley Fool
JANUARY 30, 2024
Image source: Getty Images Millions of tax filers received a tax refund from the IRS in 2023. If you typically get a refund when you file your taxes , you may be anticipating a repeat situation this season. But if you earned a lot of money in interest in 2023, you may be in for a rude awakening this tax season.
The Motley Fool
SEPTEMBER 18, 2023
This article is intended for educational purposes only and is not legal advice. But those riches can come at a cost, especially if you're not hip to the tax laws you're beholden to, both here and in your new chosen land. tax return every year. tax return every year. Below are three broad considerations to keep in mind.
The Motley Fool
SEPTEMBER 18, 2023
And because I'm self-employed, I'm on the hook for more Social Security taxes than people who work for an employer, since they split that burden evenly. Read more: we researched free tax software and put together a list of the best options here As such, I try to take advantage of every opportunity to lower my tax bill -- legally, of course.
The Motley Fool
DECEMBER 6, 2023
After all, you can't simply drive your old car to your favorite charitable organization, hand your keys over to a staff member, and take a tax deduction. You don't legally have to do this, but until someone else is listed on the title, the vehicle is your responsibility. We'll go through the latter in a bit. Should you donate your car?
The Motley Fool
MARCH 18, 2024
Image source: Getty Images Doing your taxes isn't fun even in the best-case scenario, but for most people, they're at least not too painful. You spend a couple of hours entering data into your tax software, file your return, and get a refund check a few weeks later. You do this through the IRS Free File system, not your tax software.
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