2019 and Taxes - Private Equity Central

Here Are the Workers Who Are Exempt From Paying Social Security Payroll Taxes

The Motley Fool

SEPTEMBER 4, 2024

It's a byproduct of millions of people paying Social Security payroll taxes throughout their careers. Not everyone has to pay these taxes, however; some workers are exempt. How Social Security taxes work Social Security payroll taxes are collected under the Federal Insurance Contributions Act ( FICA ).

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My Tax Refund Is Late. Does That Mean I'm Getting Audited?

The Motley Fool

MARCH 21, 2024

Image source: The Motley Fool/Upsplash Many people wait until the very last minute to file their taxes. But there's a big benefit to getting your tax return done early -- having your refund hit your bank account sooner. But what if you submitted your taxes weeks ago and haven't seen that money hit yet? According to the U.S.

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Tax Cheats Beware: This IRS Program Makes Whistleblowing Lucrative

The Motley Fool

JULY 26, 2023

Treasury has enlisted the help of employees, attorneys, bookkeepers, family members and more to collect some of the estimated $1 trillion in unpaid taxes every year. Since then, the program has seen a handful of minor changes, most recently in 2019. For over 150 years, the U.S.

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3 Tips to Maximize Your EV Tax Credits

The Motley Fool

MARCH 13, 2024

Many new and used EVs (and some plug-in hybrids) qualify for EV tax credits that can give you a significant discount at the dealership. Let's look at a few ways to maximize your EV tax credits and get a better price on buying a car in 2024. But many new EVs don't qualify for the full $7,500 EV tax credit.

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If You Invested $10,000 in Pinterest in 2019, This Is How Much You Would Have Today

The Motley Fool

MARCH 13, 2024

Pinterest (NYSE: PINS) went public at $19 per share on April 18, 2019. Pinterest's revenue rose 51% in 2019, 48% in 2020, and 52% in 2021. Its global MAUs increased from 335 million at the end of 2019 to 431 million at the end of 2022. But today, it trades at about $35 a share.

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3 Tax Myths That Could Cost You Big Time

The Motley Fool

JANUARY 26, 2024

tax code is a complicated set of rules that the typical person may not be 100% familiar with. Unless you're an accountant or tax professional, you probably don't need to know every single rule the IRS puts out. The problem, though, is that there's a lot of misinformation about the tax code out there and how it works.

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2 Warren Buffett Stocks You Can Buy With This Year's Average $3,011 Tax Refund

The Motley Fool

APRIL 20, 2024

Another tax day has come and gone, and refunds are always a focus of this tax season. He and his team waited until the first quarter of 2019 to invest in the e-commerce giant even though it has been trading since 1997. A price of about $110 per share makes it affordable for most income-tax-refund recipients.

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3 New Required Minimum Distribution (RMD) Rules Everyone Must Know Before the End of 2024

The Motley Fool

NOVEMBER 3, 2024

One of the biggest benefits of saving in traditional retirement accounts like a 401(k) or IRA is the upfront tax break you receive. You won't owe any income taxes on contributions in the year you make them. But you can't defer those income taxes forever. 31, 2019, you can still execute the stretch IRA. 31 of every year).

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Avoid These 3 Common Required Minimum Distribution (RMD) Mistakes

The Motley Fool

NOVEMBER 9, 2024

The biggest advantage of saving for retirement in a 401(k) or traditional IRA is the tax break: Taxes on the funds you contribute to those accounts are deferred until you withdraw them in retirement. But you can't defer those taxes forever. 31, 2019, don't qualify for that waiver. Here are three common mistakes to avoid.

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Social Security Just Released One of Its Most Important Numbers You Should Know (Hint: It's Not the COLA)

The Motley Fool

OCTOBER 28, 2024

The wage base limit doesn't get nearly as much attention as the COLA, but it has tax and potential benefit implications that make it worth paying attention to. workers pay Social Security payroll taxes all through their careers. The current tax is 12.4%, typically split in half between workers and employers at 6.2% 2019 54,099.99

Taxes

Why I'm Considering Selling Pfizer for Tax-Loss Harvesting Purposes

The Motley Fool

DECEMBER 2, 2023

As the year comes to an end, it's time to think about which stocks to sell for tax-loss harvesting. in 2023, making it a prime candidate for tax-loss harvesting. Pfizer's business development deals haven't been confidence-inspiring Since Albert Bourla took over as CEO in 2019, Pfizer has been on a buying spree. That's fine.

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7 Little-Known Income Sources the IRS Expects a Piece Of

The Motley Fool

FEBRUARY 5, 2024

Image source: Getty Images The IRS is officially accepting 2023 tax returns, and in the next couple of months, we'll all have to explain to the government what we did with our money last year. You probably expect to pay taxes on the income from your job or retirement account withdrawals if you've already left the workforce.

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3 Required Minimum Distribution (RMD) Rules Everyone Needs to Know Before the End of 2024

The Motley Fool

SEPTEMBER 21, 2024

While you get a tax break when you contribute to a tax-deferred retirement account like an IRA or 401(k) , Uncle Sam eventually wants his cut. You must start withdrawing your savings from your account at that age and paying the taxes on those withdrawals. That could result in a significant tax burden for some retirees.

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Used EV Prices Are Falling, But They Could Still Cost You Big Time

The Motley Fool

NOVEMBER 9, 2024

The falling prices are even sweeter because some used and new EVs qualify for the government's EV tax credits. Even better, some qualify for a tax credit worth up to $4,000 (if it's a used EV sold from a licensed dealer priced under $25,000).

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82% of 401(k)s Now Offer This One Benefit That Could Make Your Retirement Easier

The Motley Fool

AUGUST 13, 2024

And the benefit there is getting a tax break on the money you put in. Roth 401(k)s are becoming more popular In 2019, an estimated 74% of 401(k) plans offered a Roth savings feature, says Vanguard. The benefits are outstanding Why would give save in a Roth 401(k) and give up the tax-free contributions a traditional 401(k) gives you?

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Avoid These 3 Common Required Minimum Distribution (RMD) Mistakes

The Motley Fool

OCTOBER 8, 2024

One of the most important is you can defer the taxes on your contributions. Instead of paying taxes on your income during the year in which you earn it, you can wait until you withdraw your savings in retirement to pay taxes, giving you more money to invest upfront. But you can't wait forever to pay your tax bill.

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Here Are Two Major Social Security Changes Retirees Need to Know Heading Into 2025

The Motley Fool

NOVEMBER 3, 2024

The 2025 wage base limit is higher The annual wage base limit is the maximum amount of your income subject to Social Security payroll taxes. This means any dollar over that amount is exempt from Social Security payroll taxes, which are either 6.2% The could-be-better news is that the 2.5% Below are the past 10 COLAs: Year COLA 2024 3.2%

Taxes

The IRS Just Updated the Required Minimum Distribution (RMD) Rules. 3 Things Everyone Needs to Know.

The Motley Fool

AUGUST 24, 2024

The federal government encourages retirement savings by offering a tax break for anyone who contributes to certain retirement accounts like a 401(k) or IRA. If you save money in a traditional tax-deferred retirement account, you can deduct the amount you put in on your tax return this year. Image source: Getty Images.

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Billionaires Are Buying Up This Millionaire-Maker Stock

The Motley Fool

NOVEMBER 16, 2024

Uber (NYSE: UBER) has taken investors on a wild ride since its IPO on May 9, 2019. But at its current price of about $71 and enterprise value of $153 billion, Uber's stock still looks reasonably valued at 31 times forward earnings and 17 times next year's adjusted earnings before interest, taxes, depreciation, and amortization ( EBITDA ).

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Here's the Salary You Need to Own a Home in America Today

The Motley Fool

NOVEMBER 18, 2024

In addition to paying a mortgage, you have to cover the cost of property taxes, insurance, and maintenance. It now takes an income of $107,700 to afford a new single-family home plus property taxes and insurance on it, according to a new report by Oxford Economics. And given the rise in home prices over the past few years, most U.S.

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Here's the Maximum Possible 2025 Social Security Benefit at 62, 67, and 70

The Motley Fool

NOVEMBER 17, 2024

That's because the Social Security Administration (SSA) puts a cap on the amount of earnings it taxes. Earnings that it doesn't tax don't count toward the calculation. There are also potential tax benefits by delaying for someone with a lot of retirement assets.

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Social Security's 2025 COLA Reveal Isn't the Main Event on Oct. 10 -- For Wall Street and the Rise of Artificial Intelligence (AI), This Is.

The Motley Fool

OCTOBER 10, 2024

Ark Invest CEO and Chief Investment Officer Cathie Wood foresees Tesla generating the bulk of its sales and earnings before interest, taxes, depreciation, and amortization ( EBITDA ) from robotaxis relatively soon. In October 2019, we also witnessed Musk proclaim, "Next year, for sure, we will have over a million robotaxis on the road."

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Here's the Maximum Possible Social Security Benefit at Ages 62, 67, and 70 in 2025

The Motley Fool

NOVEMBER 3, 2024

This is the maximum amount of your income subject to Social Security payroll taxes each year. Since you don't pay Social Security payroll taxes on any income above the wage base limit, those earnings are also not considered when calculating your monthly benefit.

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6 Social Security Changes Retirees Need to Know About in 2024

The Motley Fool

SEPTEMBER 25, 2024

The wage cap is rising for 2025 You may not realize it, but not all earnings are taxed for Social Security. There's a cap beyond which earnings aren't taxed. This means that someone earning $168,600 and someone earning, say, $33,168,600, will pay the same amount in taxes to Social Security. 2018 2% 2017 0.3% 2016 0% 2015 1.7%

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Could Innodata Become the Next Palantir?

The Motley Fool

JULY 29, 2024

Palantir's revenue rose at a compound annual growth rate (CAGR) of 32% from 2019 to 2023, and analysts forecast its revenue to increase at a CAGR of 20% from 2023 to 2026. The company went public in 1993, and its revenue only grew at a CAGR of 6% from 1994 to 2019. It ended 2019 at just $1.14

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Want the Max $5,108 Social Security Benefit? Here's the Salary You Need.

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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3 Top Tech Stocks That Could Make You a Millionaire

The Motley Fool

NOVEMBER 12, 2024

That's why its revenue and adjusted earnings before interest, taxes, depreciation, and amortization ( EBITDA ) rose by 20% and 38%, respectively, in 2023. That valuable service explains how it has nearly quadrupled its number of large customers (those that provide it with at least $100,000 in annual revenue) from 858 in 2019 to 3,190 in 2023.

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Here's the Maximum Possible Social Security Benefit in 2025

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.

Taxes

Aldi's $47 Thanksgiving Basket May Be the Best Holiday Meal Deal Out There. Here's Why

The Motley Fool

NOVEMBER 18, 2024

Feed a family of 10 for just $47 As the Thanksgiving sales competition heats up, Aldi has made the bold decision to charge its lowest prices since 2019. per person, bringing the total cost of the meal to about $47, plus taxes. It claims it can feed a family of 10 people for less than $4.70

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Here's the Maximum Possible Social Security Benefit at 62, 67, and 70

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. of retirees ended up wealthier by claiming before age 64.

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Despite Being Down 55% From Its Peak, Here's Why I'm Loading Up On This Growth Stock

The Motley Fool

AUGUST 8, 2024

I'd be putting it lightly if I said it has been a roller coaster ride for DraftKings ' (NASDAQ: DKNG) stock since its July 2019 initial public offering (IPO). Five years ago, in Q2 2019, this number was just 1.8 After its IPO, the stock surged by over 600% in less than two years, and now it sits around 55% below its peak.

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What's Good for Royal Caribbean Is Good for Carnival, NCL, and Disney

The Motley Fool

FEBRUARY 22, 2024

The cruise line was hoping to top $100 in adjusted earnings before interest, taxes, depreciation, and amortization ( EBITDA ) per available passenger cruise day, up from its prior record of $87 in 2019. in adjusted earnings per share, also set back in 2019. By 2025 it was hoping to take out its pre-pandemic high of $9.54

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2 Steps to Claiming the $4,873 Max Monthly Social Security Benefit

The Motley Fool

AUGUST 6, 2024

The role Social Security benefits play in people's retirement varies widely, but in any case, it's good to have this guaranteed income after many years of paying Social Security taxes. This amount is called the "wage base limit," and it's the maximum amount of your income subject to Social Security taxes each year.

Taxes

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Got Audited in 2023? 3 Ways to Avoid Making This Mistake Again in 2024

The Motley Fool

MARCH 14, 2024

Image source: Getty Images So you've prepared your taxes and are gearing up to hit submit. Well, if you were on the receiving end of a tax audit in 2023, then you might spend the next few weeks worrying about a repeat situation. Read more: we researched free tax software and put together a list of the best options here 1.

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NorthEdge exits CMap with sale to ECI

Private Equity Wire

NOVEMBER 5, 2024

NorthEdge invested in December 2019, backing the founding team led by Dave Graham (CEO), to execute on a vertically-focused growth strategy in both the UK and USA. gross MOIC and 69% gross IRR. gross MOIC and 69% gross IRR.

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Never Fall for These Lies About Hybrid Cars

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.

Taxes

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Warren Buffett Is Sending a $300 Billion Warning to Stock Investors

The Motley Fool

SEPTEMBER 30, 2024

Buffett has said that the decision to sell portions of Berkshire's investments in stocks like Apple or Bank of America is based on the idea that corporate tax rates will rise when the current tax law expires at the end of next year. Through Sept. 24, he sold $9 billion worth of shares.

Securities and Exchange Commission (SEC)

Securities and Exchange Commission (SEC) Investors Taxes Banks

Want the Max Social Security Benefit? Here's How Much You'll Need to Earn in 2025.

The Motley Fool

NOVEMBER 6, 2024

Sure, most people pay Social Security taxes for decades to fund their eventual payout, but there's something about knowing you have somewhat of a financial safety net in retirement that's a little comforting. Social Security retirement benefits are something millions of Americans look forward to as they go through their careers.

Taxes

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Warren Buffett Sold Apple and Paramount. Here's What He's Buying Instead.

The Motley Fool

MAY 12, 2024

In a word: taxes. Buffett thinks paying taxes now on the massive capital gain for Berkshire's Apple shares is a smart move. "We I would say with the present fiscal policies, I think that something has to give, and I think that higher taxes are quite likely." Buffett also sold shares of Apple in 2019 and 2020 for tax purposes.

Securities and Exchange Commission (SEC)

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Social Security Will Announce Its 2025 COLA Soon, But Workers Should Also Look Out for This Number

The Motley Fool

OCTOBER 9, 2024

workers pay Social Security payroll taxes throughout their careers. in taxes, totaling 12.4%. The good news is that not all income is eligible for Social Security payroll taxes. Add that to the tax implications of the wage base limit, and it's worth ensuring you know the number heading into 2025.

Taxes

Americans Now Seek 53% Bigger Nest Eggs, on Average, for Retirement. Here's Why.

The Motley Fool

AUGUST 27, 2024

Department of Agriculture, "From 2019 to 2023, the all-food Consumer Price Index (CPI) rose by 25% -- a higher increase than the all-items CPI, which grew 19.2% For example, estimate your spending on housing, food, clothing, entertainment, utilities, taxes, insurance, travel, healthcare , and other categories. 2021 7% 2020 1.4%

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3 Ways You Could Lose Some of Your Social Security Benefits

The Motley Fool

JANUARY 17, 2024

A 2019 study from United Income found just 8% of retirees would maximize their retirement income by claiming before 65. Taxes Taxes on Social Security benefits are becoming harder and harder to avoid. As a result, more and more retirees owe taxes on their Social Security income. Calculations by Author.

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Avoid These Mistakes When Saving for Retirement as a Low-Income Earner

The Motley Fool

APRIL 7, 2024

Fast forward to 2019 and that figure had halved, according to research from the Government Accountability Office. Just 1 in 10 low-income households had retirement savings in 2019. Not claiming tax breaks Many low-income families miss out on tax credits , which is money that could go toward retirement.

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Want the Max $4,873 Social Security Benefit? Here's the Salary You Need.

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. Social Security Administration.

Taxes

Taxes Banks Accounting Funds

Here Are the Workers Who Are Exempt From Paying Social Security Payroll Taxes

My Tax Refund Is Late. Does That Mean I'm Getting Audited?

Trending Sources

Tax Cheats Beware: This IRS Program Makes Whistleblowing Lucrative

3 Tips to Maximize Your EV Tax Credits

If You Invested $10,000 in Pinterest in 2019, This Is How Much You Would Have Today

3 Tax Myths That Could Cost You Big Time

2 Warren Buffett Stocks You Can Buy With This Year's Average $3,011 Tax Refund

3 New Required Minimum Distribution (RMD) Rules Everyone Must Know Before the End of 2024

Avoid These 3 Common Required Minimum Distribution (RMD) Mistakes

Social Security Just Released One of Its Most Important Numbers You Should Know (Hint: It's Not the COLA)

Why I'm Considering Selling Pfizer for Tax-Loss Harvesting Purposes

7 Little-Known Income Sources the IRS Expects a Piece Of

3 Required Minimum Distribution (RMD) Rules Everyone Needs to Know Before the End of 2024

Used EV Prices Are Falling, But They Could Still Cost You Big Time

82% of 401(k)s Now Offer This One Benefit That Could Make Your Retirement Easier

Avoid These 3 Common Required Minimum Distribution (RMD) Mistakes

Here Are Two Major Social Security Changes Retirees Need to Know Heading Into 2025

The IRS Just Updated the Required Minimum Distribution (RMD) Rules. 3 Things Everyone Needs to Know.

Billionaires Are Buying Up This Millionaire-Maker Stock

Here's the Salary You Need to Own a Home in America Today

Here's the Maximum Possible 2025 Social Security Benefit at 62, 67, and 70

Social Security's 2025 COLA Reveal Isn't the Main Event on Oct. 10 -- For Wall Street and the Rise of Artificial Intelligence (AI), This Is.

Here's the Maximum Possible Social Security Benefit at Ages 62, 67, and 70 in 2025

6 Social Security Changes Retirees Need to Know About in 2024

Could Innodata Become the Next Palantir?

Want the Max $5,108 Social Security Benefit? Here's the Salary You Need.

3 Top Tech Stocks That Could Make You a Millionaire

Here's the Maximum Possible Social Security Benefit in 2025

Aldi's $47 Thanksgiving Basket May Be the Best Holiday Meal Deal Out There. Here's Why

Here's the Maximum Possible Social Security Benefit at 62, 67, and 70

Despite Being Down 55% From Its Peak, Here's Why I'm Loading Up On This Growth Stock

What's Good for Royal Caribbean Is Good for Carnival, NCL, and Disney

2 Steps to Claiming the $4,873 Max Monthly Social Security Benefit

Got Audited in 2023? 3 Ways to Avoid Making This Mistake Again in 2024

NorthEdge exits CMap with sale to ECI

Never Fall for These Lies About Hybrid Cars

Warren Buffett Is Sending a $300 Billion Warning to Stock Investors

Want the Max Social Security Benefit? Here's How Much You'll Need to Earn in 2025.

Warren Buffett Sold Apple and Paramount. Here's What He's Buying Instead.

Social Security Will Announce Its 2025 COLA Soon, But Workers Should Also Look Out for This Number

Americans Now Seek 53% Bigger Nest Eggs, on Average, for Retirement. Here's Why.

3 Ways You Could Lose Some of Your Social Security Benefits

Avoid These Mistakes When Saving for Retirement as a Low-Income Earner

Want the Max $4,873 Social Security Benefit? Here's the Salary You Need.

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