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The Qualified Business Expense Tax Credit Expires Soon -- Here's What It Could Cost Your Small Business

The Motley Fool

Image source: Getty Images In 2017, Congress passed the Tax Cuts and Job Act (TCJA), which introduced sweeping changes to the tax code, including a tax cut called the Qualified Business Income deduction. The Qualified Business Income (QBI) deduction is a tax benefit introduced by the Tax Cuts and Job Act of 2017.

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The 4 Most Misunderstood Rules of Charitable Giving Write-Offs

The Motley Fool

Itemize your tax return, which is when you add up the individual tax deductions you qualify for and subtract them from your overall tax liability. But for most people, the standard deduction produces the most savings, especially since the Tax Cuts and Jobs Act (TCJA) of 2017 substantially increased the standard deduction.

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Is the Invesco S&P 500 Equal Weight ETF a Millionaire Maker?

The Motley Fool

Invesco's number-crunching indicates that back in 2017 the market's 10 largest names collectively accounted for a little over 21% of the S&P 500's total value. In this same vein, do know that the Invesco fund's regular quarterly rebalancing creates recurring tax liabilities for positions held outside of tax-deferring retirement accounts.

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Should You Buy VinFast Auto Stock While It's Below $5?

The Motley Fool

VinFast was founded by Vingroup, one of Vietnam's largest private conglomerates, in 2017. billion in current liabilities. So should contrarian investors still buy this beaten-down EV stock ? Image source: VinFast Auto. What does VinFast Auto do? times this year's sales.

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3 Ways to Reduce or Avoid Required Minimum Distributions (RMDs) in 2024 That Everyone Should Know

The Motley Fool

The 2017 tax cuts are set to expire at the end of next year. Still, there are plenty of ways to plan ahead and reduce your RMDs and long-term tax liability. When you make a Roth conversion, you take assets from your traditional retirement account and transfer them to a Roth version of that account.

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5 Valuable Tax Deductions You Should Know About in 2024

The Motley Fool

A tax credit is a dollar-for-dollar reduction of your tax liability. And when doing yours, you may be eager to claim all of the tax deductions you're entitled to. But first, let's do a quick refresher on tax deductions, since they're often confused with tax credits.

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1 Growth Stock Down 75% to Buy Right Now

The Motley Fool

The former is an increasingly expensive liability, while the latter is less than optimal for the modern era of online consumerism. That is, brick-and-mortar competitors like Petco and PetSmart are still operating physical stores while also managing online operations established in the infancy of the e-commerce era.