Submitted by Steve Albert on Fri, 12/06/2013 - 3:00pm
Numerous tax law changes came throughout 2013 and, as we get closer to when they take effect, some taxpayers stand to suffer sticker shock after completing their next returns.
A recent article from Forbes says independent tax specialists predict that most Americans stand to pay less tax. They cite an example of a married couple filing jointly with a total taxable income of $100,000 paying $145 less in income taxes in 2014 than in 2013.
Submitted by Eric Hutchinson on Thu, 11/21/2013 - 3:00pm
The rules about when you must take out money from your individual retirement account and other such vehicles are vexing. Mess this up, and you owe a penalty. Here’s what anyone nearing age 70 must know.
Submitted by Jason Lina on Wed, 11/06/2013 - 3:00pm
Obamacare has subsidies to help less-well-off Americans pay health insurance premiums. But a lot of confusion surrounds this aid. Here in this third of three articles is a guide to understanding it – and getting the most out of it.
Submitted by Lewis J. Walker on Thu, 10/31/2013 - 9:00am
Food, wine, fashion, architecture and history – what’s not to like? A sojourn through northern Italy in the spring and fall, avoiding the heat and tourist crush of summer, is bucket list-worthy. But the country remains in an economic funk, thanks to too much bureaucracy and regulation, high taxes and difficulty starting businesses, with little hope of a turnaround.
Italy is the largest of the economically troubled nations in Europe’s southern tier that are holding back the entire euro zone. Investors, who usually want to be optimistic, should be aware of the ongoing problem.
Submitted by Sheri Iannetta Cupo on Mon, 10/28/2013 - 9:00am
Any investor should frequently ask questions, often about simple securities. Stock options from your employer complicate matters a lot more, and here’s what you should ask.
In the classic game show “Jeopardy,” contestants show their smarts by asking the right questions rather than by giving right answers. Executives wanting the most out of their stock options will do well with a similar approach.
Submitted by Rick Kahler on Fri, 10/18/2013 - 3:00pm
Presidential wishes seldom easily translate into law. Just look at the fracas over Obamacare and the federal budget. But President Barack Obama has several proposals that promise a significant impact on retirees, inheritors and savers. Regardless of whether these will get through a Republican-controlled House any time soon, they serve as a marker for what the future may hold at some point.
Even after the Obama Administration is history, the U.S. government’s enormous obligations will push Washington into looking at ways to pay the burgeoning tab.
Submitted by Matthew Illian on Thu, 10/17/2013 - 9:00am
Selling appreciated stock now causes a larger tax bite for many high-income earners. Now that the Bush tax cuts have expired and Obamacare adds additional tax burdens, many people need to think twice before realizing a large gain on their investments.
In the words of that famous country musician, Kenny Rogers: You got to know when to hold ‘em, know when to fold ‘em.