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The 4 Most Misunderstood Rules of Charitable Giving Write-Offs

The Motley Fool

Not only do the holidays inspire goodwill and cheer, but many people are interested in writing off their donations as we close out the tax year. But there's also a lot of confusion about charitable donations and when you can write them off for tax purposes. To write off a charitable deduction, you'll need to itemize your tax return.

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3 Secrets of 401(k) Millionaires

The Motley Fool

Between life's ordinary expenses like food, housing, and taxes, there's just not always much money left over from the average individual's annual income of around $41,000 (according to the Census Bureau), or the country's typical household income of just a little over $75,000 per year. That's easier said than done, especially these days.

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A Short History of Stocks

The Big Picture

And even still, fund fees and taxes remained a major cost element. In 1978, Congress enacted Internal Revenue Code Section 401(k), which allowed tax-deferred savings through a company-administered plan. Lower trading costs, a rampaging bull market, and tax-deferred investing led to millions of new entrants into markets.

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This Secret Growth Stock Has Crushed Tesla Over the Past Five Years, and Now It's Joining the S&P 500

The Motley Fool

Builders FirstSource has grown revenue at a compound annualized rate of more than 26% since 2017. Joining an index tends to provide a short-term boost to a stock, as mutual funds and exchange-traded funds (ETFs) tracking the index are required to buy shares of added companies. The results have been impressive.

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You Won't Believe How Many Adults Don't Have Any Retirement Savings

The Motley Fool

Only 31% of non-retired Americans believe their retirement savings is on track, down from 40% in 2021 and the lowest percentage since 2017. Contributions are tax-deductible. Just like with 401(k)s, contributions are tax-deductible. Contributions aren't tax-deductible, but withdrawals are tax-free.

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What if Dunning Kruger Explains Everything?

The Big Picture

This demographic cohort is simply not a seller due to retirement – the tax expenses would be too great. households once owned 95% of all stocks individually in brokerage accounts; today, ownership is is via ETFs, mutual funds, pensions, hedge funds, foreign investors, etc. appeared first on The Big Picture.

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Disasters and the Insurance Industry

The Motley Fool

That means that the tenant has to pay taxes, building maintenance, and insurance expenses. In the estate planning episode on October 1, you mentioned that a person would not need to worry about taxes on an inheritance unless it was more than 10 million. An inheritance tax is paid by the people who inherit the money.

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