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Can I Claim the Child Tax Credit This Year?

The Motley Fool

Image source: Getty Images At this point of the year, a lot of people are starting to buckle down and focus on taxes. And it's definitely a good idea to start gathering your paperwork, whether it's 1099 forms from your brokerage account or tax forms from your employer. One such credit is the Child Tax Credit.

Taxes 246
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These 3 Top E-Commerce Stocks Are No-Brainer Buys, but Not for the Reasons You Think

The Motley Fool

It lost $3 billion in 2022. Over that period, it also earned $987 million in net income, more than double the $482 million reported in 2022. Amid recent struggles involving a one-time tax liability, growth in lower-margin first-party sales, and falling shipping revenue, the stock grew by only 8% over the last year.

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Why Unused 529 Plan Funds Might No Longer Be a Concern With This Rule

The Motley Fool

Many families see 529 plans as the go-to college savings accounts because of their tax benefits. Your contributions might reduce your state income tax liability, depending on your plan, and interest grows tax deferred. If you use the money for qualifying educational expenses, you won't owe any taxes on withdrawals.

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3 New Required Minimum Distribution (RMD) Rules Everyone Needs to Know About in 2024

The Motley Fool

Incentives like matching contributions , tax deductions and credits, and tax-free growth can help supercharge your retirement savings. You can't avoid taxes on your retirement savings indefinitely, though. At the same time, you won't have to withdraw more than you need due to RMDs, so you can keep the account growing tax-free.

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Warren Buffett Just Sold $1.5 Billion of Berkshire Hathaway's Second-Largest Holding. Here's Why.

The Motley Fool

After the stock's strong performance over the last eight months, shares are currently trading at levels unseen since the start of 2022. Another reason may have less to do with the current valuation and more to do with locking in gains at a favorable tax rate. He expects the rate will increase in the future.

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Genworth Financial (GNW) Q3 2024 Earnings Call Transcript

The Motley Fool

life insurance companies reported an estimated pre-tax loss of $18 million, driven by unfavorable mortality and higher new claims, as well as lower benefit from legal settlements. For the full year, we continue to expect the liability remeasurement loss from actual to expected experience. On a statutory accounting basis, the U.S.

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Here's the Net Worth That Puts You in the Top 5% of American Households

The Motley Fool

To calculate your net worth , you add up all of your financial assets -- cash savings, retirement accounts, other investments, your home value, and any other property -- and subtract any liabilities -- your mortgage balance, student loans, credit card balances, and any other debt you might owe.