Tag: National taxes
When to submit your tax return in 2023 to avoid missing forms
If you're eager to file your 2022 tax return in January or early February, the IRS has a warning: You'll need to wait for "key documents" before filin [...]
How to prepare for a 1099-K for online payments and reduce your taxes
Charday Penn | E+ | Getty ImagesIf you've accepted payments via apps such as Venmo or PayPal in 2022, you may receive Form 1099-K, which reports incom [...]
The biggest tax changes to know before filing your 2022 return
Tom Werner | DigitalVision | Getty ImagesCertain tax credits have been reduced One possible reason for a smaller tax refund is the child tax credit an [...]
Here’s why your tax refund may be smaller in 2023, the IRS says
If you're expecting a tax refund in 2023, it may be smaller than this year's payment, according to the IRS. Typically, you get a federal refund when y [...]
The IRS interest rate for unpaid refunds and balances will soon be 7%
Bill Oxford | E+ | Getty ImagesIf your tax refund is still in limbo, there's good news: Your balance may be accruing interest, and the rate increases [...]
What to know before rebalancing your investment portfolio
After a volatile year for the stock and bond markets, it may be time to rebalance your portfolio by shifting assets back to match your original goals, [...]
Winning ticket for Powerball $2.04 billion jackpot sold in California
Anadolu Agency | Anadolu Agency | Getty ImagesCalifornia does not tax lottery winningsWhile the IRS will scrape 24% — or $239.4 million — off the top [...]
Powerball jackpot at $1.9 billion — for annuity. Lump sum is overrated
It's hard to imagine what it would be like to win Powerball's $1.9 billion prize. But the reality almost always falls far short of the fantasy."The cu [...]
What 5 key personal finance issues mean for you
As Americans head to the polls, several key personal finance issues are weighing on voters' minds and wallets.This week, the Federal Reserve enacted i [...]
Powerball jackpot hits $1 billion. If you win, here’s the tax bill
The jackpot for Powerball's Monday night drawing is a whopping $1 billion.Sort of, anyway.The advertised number represents the pre-tax amount you'd ge [...]
What ‘millionaire tax’ plans on California, Massachusetts ballots mean for taxpayers
How states plan to spend 'millionaire tax' revenueWhile the proposed taxes sound similar, there are differences in how each state plans to use the rev [...]
Investors can contribute up to $22,500 in a 401(k) and $6,500 in IRAs in 2023
If you're eager to save more for retirement in 2023, there's good news from the IRS, which just announced higher limits for your annual 401(k) plan an [...]
How much income you can have for 0% capital gains taxes in 2023
If you're planning to sell investments or rebalance your taxable portfolio, you may be less likely to trigger a tax bill in 2023, experts say.This wee [...]
Here are the new income tax brackets for 2023
Andersen Ross | Blend Images | Getty ImagesAmid soaring inflation, the IRS this week announced higher federal income tax brackets and standard deducti [...]
Here’s how to pay 0% capital gains taxes with a six-figure income
Luminola | E+ | Getty ImagesIt's natural to fixate on portfolio losses, especially with the S&P 500 down more than 20% for the year.But you may st [...]