article thumbnail

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

The Motley Fool

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 ).

Taxes 244
article thumbnail

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

The Motley Fool

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.

Taxes 243
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

If You Invested $5,000 in Canopy Growth in 2019, This Is How Much You Would Have Today

The Motley Fool

Let's find out how badly Canopy Growth has performed in the past five years by calculating how much a $5,000 investment in the stock in 2019 would be worth today. Zekulin said that in late 2019, this issue had long-lasting effects on the market north of the border. Then, we'll determine whether it can perform better from here on out.

Legal 244
article thumbnail

Tax Cheats Beware: This IRS Program Makes Whistleblowing Lucrative

The Motley Fool

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.

Taxes 244
article thumbnail

3 Tips to Maximize Your EV Tax Credits

The Motley Fool

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.

Taxes 130
article thumbnail

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

The Motley Fool

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.

article thumbnail

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

The Motley Fool

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.

Taxes 188