The Motley Fool

MARCH 8, 2024

The federal government is offering EV tax credits of up to $7,500 for qualifying new EVs, or up to $4,000 for used EVs. There are a lot of misconceptions about EV tax credits. The EV tax credits have gotten a bit confusing and limited for new cars in 2024. Let's look at a few of the big ones. In fact, many EVs do not.

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The Motley Fool

APRIL 27, 2024

You can't get electric vehicle tax credits" There's been a lot of media headlines about electric vehicle tax credits of up to $7,500 for the purchase of a new EV. But did you know: some hybrid cars can also qualify for EV tax credits? Here are a few, according to the U.S.

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The Motley Fool

OCTOBER 12, 2024

Each year, the Social Security Administration collects taxes on your wages. That's because Social Security caps the amount of wages you pay taxes on in any given year. If you don't pay taxes on the wages, they don't count toward your earnings history. For 2025, the earnings limit will be $176,100.

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The Motley Fool

JULY 2, 2024

Unlike income tax , for 2024 the Social Security Administration stops taking out additional Social Security taxes once your earned income exceeds $168,600. Because taxing any degree of your income beyond that amount wouldn't make your monthly payments any bigger once you claim retirement benefits. There are limits, though.

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The Motley Fool

JANUARY 21, 2024

But other than those, there hasn't been an increase greater than 3% since 2011. For example, there's a maximum earnings limit that reflects the maximum amount of your earnings that will get taxed for Social Security. So if you're a high earner, more of your income will get taxed for Social Security. in 2023 and 5.9%

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The Motley Fool

SEPTEMBER 16, 2024

Buffett's stated reasoning for that move was that he wanted to take advantage of the current corporate tax rate. Under the 2017 tax law that cut corporate tax rates to their current level, the cuts are set to expire at the end of 2025, so he naturally expects them to increase in 2026 and beyond. billion worth of the bank stock.

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The Motley Fool

NOVEMBER 25, 2023

Step 2: Earn the maximum taxable amount each year If you want the maximum Social Security retirement benefit, you have to pay the maximum Social Security tax for at least 35 years. Social Security taxes only apply to applicable wages earned up to a certain value each year. Every year, that number is adjusted for inflation.

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The Motley Fool

NOVEMBER 6, 2024

Here's the salary you need to get the maximum benefit Most people pay Social Security taxes on their entire paycheck during their career. But high earners might not pay the tax on every penny they earn. Any amount earned above that cap won't incur taxes, but it also won't count toward your earnings history.

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The Motley Fool

OCTOBER 5, 2024

With the program's monthly payments being capped at $4,873, to avoid penalizing you by withholding benefits you'd otherwise be paying for, the Social Security Administration (SSA) also caps how much of your income it taxes. This year's maximum taxable income is $168,600.

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The Motley Fool

JUNE 30, 2023

Because of this tax structure, REITs can deliver high dividend yields, and Realty Income's dividend currently yields more than 5%. With this type of lease, tenants must pay all of the expenses related to the property, including property taxes, insurance, and maintenance. To do so, it uses something called triple-net leases.

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The Motley Fool

APRIL 20, 2024

For instance, in 2023 the maximum proportion of your wages taxed for Social Security purposes was $160,200. Thirty years ago the Social Security Administration stopped taking out Social Security taxes once your wages reached $60,600. This wasn't always the number, for the record. The year before that, it was $147,000.

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The Motley Fool

SEPTEMBER 8, 2024

The SSA caps your annual earnings during your career for the purpose of determining how much you pay in Social Security tax at the rate of 12.8% (with half that coming from employees and half from their employers). Since you're not getting taxed on anything above that amount, the SSA doesn't count it toward your earnings history, either.

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The Motley Fool

MAY 27, 2024

The number to aim for Every year, the Social Security Administration puts a cap on wages subject to the Social Security tax. Here's the salary you need to qualify for the maximum Social Security benefit. Image source: Getty Images. For 2024, the SSA set that wage limit at $168,600.

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The Motley Fool

OCTOBER 20, 2024

Only two of the 10 years surpassed 2% during the decade, with deflation leading to no COLA being passed along in 2010, 2011, and 2016. During the 2010s, Social Security raises were minuscule. But over the last four years, the wallets of Social Security recipients have grown meaningfully.

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The Motley Fool

NOVEMBER 25, 2023

Multiply $5 billion by 17%, apply a 21% federal corporate income tax rate, and Plug seems to be saying it will earn $178.5 Plug will have a lot of tax-loss carry-forwards that it could use to increase its profits, once it turns profitable). million that year -- $0.29 per share -- in 2026. And probably more.

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The Motley Fool

SEPTEMBER 23, 2024

Ares Capital Ares Capital is a business development company ( BDC ), which means it can legally avoid paying income taxes by distributing nearly all its profit to shareholders as a dividend. It's been able to maintain or raise its payout since beginning a dividend program in 2011, with a brief exception in 2018.

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The Motley Fool

SEPTEMBER 30, 2024

These specialized entities are popular among income-seeking investors because they can avoid paying income taxes by distributing nearly all of their earnings to shareholders in the form of dividend payments. With a brief exception in 2018, it's been making monthly dividend payments that have risen or remained steady since 2011.

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The Motley Fool

MAY 18, 2024

You're simply taxed throughout your earning life, thereby contributing to the pool of funds from which beneficiaries are paid.) 2009 0% 2010 0% 2011 3.6% There are lots of wonderful things about Social Security. One of the best things about Social Security is that it offers regular cost-of-living adjustments -- or "COLAs."

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The Motley Fool

OCTOBER 20, 2024

23 2010 0% 24 2011 0% 25 2016 0% Data source: Social Security Administration. That can have a significant impact on how much you pay in taxes during retirement since Social Security taxation thresholds do not get an inflation adjustment. Rank Year COLA 1 2023 8.7% 2 2022 5.9% 3 2009 5.8% 4 2006 4.1% 5 2012 3.6% 6 2001 3.5% 7 2007 3.3%

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The Motley Fool

OCTOBER 30, 2024

One possible (benign) catalyst for this selling activity is tax implications. During Berkshire Hathaway's annual shareholder meeting in early May, Buffett suggested that the corporate tax rate would climb in the coming years. For instance, the stock market is at one of its priciest valuations in history ! since January 1871.

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The Motley Fool

AUGUST 31, 2023

You must reach the maximum taxable amount in a job for which Social Security taxes are applicable. There's one other wrinkle to keep in mind. That's the case for most jobs, but not all. For example, some employees of state, county, and municipal governments are covered by state-funded pension plans instead of Social Security.

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The Motley Fool

SEPTEMBER 22, 2024

Image source: Bank of America Buffett and Bank of America Buffett has long been a fan of Bank of America, singing the praises of CEO Brian Moynihan time and again, and he's owned the stock since he bought preferred shares of BofA in 2011. The country's No. 2 bank by assets has long been Berkshire's No. In its most recent filing from Sept.

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The Motley Fool

SEPTEMBER 7, 2024

REITs are also required to pay out at least 90% of their taxable income as dividends to maintain a favorable tax rate. STAG pays monthly dividends, and it's consistently increased its payout every year since its IPO in 2011. First, higher rates made it more expensive to purchase new properties.

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The Motley Fool

OCTOBER 5, 2024

That's because you won't pay any Social Security taxes on income above that limit. If you retire with considerable assets, there are also potential tax benefits to delaying your Social Security payments until age 70. For 2024, the limit is $168,600.

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The Motley Fool

JANUARY 6, 2024

The IRS uses Social Security numbers for most taxpayers in tracking tax returns and reporting. Why new Social Security numbers don't mean anything Modernization led the Social Security Administration to change its methodology for assigning new Social Security numbers in 2011. The move came for several reasons.

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The Motley Fool

AUGUST 6, 2024

During his company's annual shareholder meeting in May, the Oracle of Omaha opined that corporate tax rates were likely headed higher in the future. Thus, locking in some profits at a historically lower corporate tax rate would, in hindsight, be viewed favorably by his company's shareholders.

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The Motley Fool

MAY 13, 2024

During his annual Q&A with investors, Warren Buffett suggested that tax reasons were behind the hefty reduction in its Apple stake. The Oracle noted that while the peak marginal corporate income tax rate is currently 21%, fiscal policy changes are liable to increase this figure in the future.

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The Motley Fool

JULY 30, 2024

Bank of America (BofA) stock has performed well since Berkshire first invested in it in 2011, returning around 12% compounded annually. Or maybe it cut its position in anticipation of higher taxes. The stake amounted to around $2.3 billion, and it is the first time Berkshire has trimmed its position in the second-largest U.S.

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The Motley Fool

JULY 8, 2024

There's an annual limit on the amount you'll pay Social Security taxes on, and that's also the annual limit that counts toward calculating your benefit. But not every penny you earn from work counts toward Social Security. The taxable maximum earnings amount changes every year to account for increases in wage inflation.

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The Motley Fool

MAY 18, 2024

As a real estate investment trust ( REIT ), it pays at least 90% of its net income in dividends in exchange for an income tax exemption on its operational profits. Even though the payout increased by less than 3% last year, it has risen every year since Cisco initiated the dividend in 2011. To that end, shareholders earn $6.26

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The Motley Fool

AUGUST 29, 2023

You need to put money into a 401(k) or other tax-advantaged retirement plan at a brokerage firm if you hope to enjoy any financial security as a senior because Social Security alone likely cannot support you once you leave the workforce. Image source: Getty Images Investing for retirement is one of the smartest money moves you can make.

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The Motley Fool

NOVEMBER 28, 2023

Earnings before interest, taxes, depreciation, and amortization ( EBITDA ) are up 13% over the same time frame. The company has increased its quarterly payout a stunning 470% since its dividend program began in 2011. That's making GAAP earnings look lousy despite strong underlying growth. at recent prices.

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The Motley Fool

AUGUST 23, 2023

Income-seeking investors like BDCs because they can legally avoid paying income taxes as long as they distribute at least 90% of profits as a dividend. Except for a temporary dip in 2019, the BDC maintained or raised its payout since it began trading publicly in 2011.

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The Motley Fool

JULY 1, 2024

< Situated in the right basins, MPLX looks in good shape to continue growing its distributions, while its forward enterprise value (EV) -to-EBITDA (earnings before interest, taxes, depreciation, and amortization) valuation of 9.6 times multiple the sector traded at between 2011 to 2016.

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The Motley Fool

AUGUST 24, 2024

million in EBITDA (earnings before interest, taxes, depreciation, and amortization) a year. EV/EBITDA multiple between 2011 and 2016, so the industry as a whole has seen its multiple come down. This means that the projects would pay for themselves in about eight years. billion in 2024 to about $17.4 ET EV to EBITDA data by YCharts.

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The Motley Fool

APRIL 22, 2024

There's a maximum amount of earnings subject to Social Security tax every year. Here's the important thing for high earners, though. The SSA doesn't always count all of your income in its calculation. It's called the contribution and benefit base, and the SSA adjusts the amount for inflation every year.

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The Motley Fool

MAY 26, 2024

What's more, it can be incredibly tax-efficient. Dividend Equity ETF has produced an annualized total return of 12.83% since its inception in late 2011. You'll likely receive a steadily increasing paycheck every year, and you'll probably never have to sell your shares. That could let you leave a lot of money to your heirs.

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