mediaphotos | E+ | Getty Images Get help preparing tax returns One of the first things to consider: will you be filing your own taxes this year or hiring an expert to file a return on your behalf? If you’re considering hiring a tax preparer, January is a good time to find someone, said certified …
Here are 3 steps to take before the 2023 tax filing season opens Read More »
Designer491 | Istock | Getty Images If you want to boost your retirement savings, there’s good news for 2023: higher 401(k) contribution limits. And now is the time to adjust your carryovers, say financial experts. You can contribute $22,500 to your 401(k), 403(b) and other similar plans for 2023, up from $20,500 in 2022. Employees …
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“Take lemons and make lemonade” with a tax-loss crop With the S&P 500 Index down nearly 20% for 2022 as of noon Dec. 19, it may be a good time to harvest tax losses, allowing you to offset brokerage account profits with losses, Roberge said . After you reduce your 2022 investment gains, you can …
You Can Still Lower Your 2022 Tax Bill With A Few Last-Minute Moves Read More »
“Take lemons and make lemonade” with a tax-loss crop With the S&P 500 Index down nearly 20% for 2022 as of noon Dec. 19, now may be a good time to reap tax losses, allowing you to offset brokerage account profits with losses, Roberge said . After you reduce your 2022 investment gains, you can …
You Can Still Lower Your 2022 Tax Bill With A Few Last-Minute Moves Read More »
Petri Oeschge | Getty Images SEATTLE — If you’re living together before marriage or making a long-term commitment with no intention of getting married, you’ll need to prepare for the future — or you could face challenges later, experts say. There are “rising rates of cohabitation,” with many couples skipping marriage because “they don’t see …
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Alvarez | Digital vision | Getty Images If you’re fresh out of college, you might be wondering when is the right time to get into a retirement savings plan. The answer is now, experts say. At this point, 55% of Americans who are already working think they are behind on saving for retirement, according to …
Here are 3 ways Gen Z workers can start saving for retirement now Read More »
chris ryan | Getty Images Investors are preparing for 2023 amid volatile stock markets, rising interest rates and geopolitical risks, with many fearing a recession in the new year. But despite the economic uncertainty, financial experts are pointing to timely opportunities, urging investors to inject liquidity into the market, rather than ignore it. In agreement …
Why cost averaging can pay off in volatile stock markets Read More »
seksan mongkhonkhamsao | time | Getty Images 1. Boost your 401(k) contributions If you haven’t maxed out your 401(k) at work, there may still be time to increase your contributions for 2022, Guarino said. The move may reduce your adjusted gross income while boosting your retirement savings, but “time is running out,” he said. With …
4 key year-end metrics to “control your tax filing destiny” Read More »
seksan mongkhonkhamsao | time | Getty Images 1. Boost your 401(k) contributions If you haven’t maxed out your 401(k) at work, there may still be time to increase your contributions for 2022, Guarino said. The move may reduce your adjusted gross income while boosting your retirement savings, but “time is running out,” he said. With …
4 key year-end metrics to “control your tax filing destiny” Read More »
Tom Werner | Digital Vision | Getty Images Some tax credits have been reduced One possible reason for the lower tax refund is the Child Tax Credit and the Child and Dependent Tax Credit have been reduced for 2022, Certified Financial Planner Cecil Staton explained, President and Wealth Advisor at Arch Financial Planning in Athens, …
The main tax changes to know before filing your 2022 return Read More »
