What is Tax Rate? Tax Rate is a key indicator of your financial health. It’s the percentage of your annual gross income that goes to taxes. Total Annual Taxes Paid / Total Personal Income = Tax Rate Example: Assume your...
Read MoreMost people do not have a great way to monitor their finances and assess their financial health. Tools like Mint and Personal Capital let you see all your accounts in one place and track your spending. This helps to some degree,...
Read MoreIf you’re over age 70.5, you can make a Qualified Charitable Distribution from your IRA. You pay no tax, and neither does the charity. This is a tax-smart way to give during your lifetime. Background When you withdraw from...
Read MoreThere are three types of investment accounts. This article gives examples of each type and how it is taxed. Types of Investment Accounts The three types of investment accounts are: Pre-tax. Tax-free. Taxable. Pre-Tax and...
Read MoreHaving a false tax return filed in your name delays your refund and costs you time and energy. Here’s how to prevent this quickly and easily. Background Someone who has your SSN can file a false tax return and claim a...
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