The Motley Fool

MARCH 10, 2024

Image source: The Motley Fool/Unsplash Ah, tax time -- it's such fun to sit down with an accountant or tax-filing software and see if you underpaid or overpaid the government (which already knows your tax liability). You might be excited to see that you're owed a refund on what you paid in 2023.

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The Motley Fool

FEBRUARY 29, 2024

Image source: Getty Images One of the worst parts about doing your taxes is that there are so many ways to mess them up. Here are three of the worst mistakes you definitely want to avoid this tax season. Read more: we researched free tax software and put together a list of the best options here 1. You just cost yourself money.

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The Motley Fool

FEBRUARY 24, 2024

Care.com puts the average weekly cost of daycare in 2023 at $321 for an infant and $293 for a toddler. Read more: we researched free tax software and put together a list of the best options here Now, consider this. Read more: we researched free tax software and put together a list of the best options here Now, consider this.

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The Motley Fool

JANUARY 16, 2024

Image source: Getty Images Like it or not, we're getting to the point of the year when it's time to start thinking about taxes. Although the filing deadline is April 15, the IRS will begin accepting tax returns on Jan. And filing your taxes early could mean getting your refund sooner, if you're entitled to one.

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The Motley Fool

MARCH 21, 2024

Image source: Getty Images At this point, a lot of people have already submitted their tax returns to the IRS. But tax returns aren't due this year until April 15. The same holds true for taxes. A smaller tax refund. Get started now At this point, there's still a good number of weeks left before 2023 taxes are due.

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The Motley Fool

MARCH 23, 2024

tax code makes different credits available to filers is a good thing. That's because claiming tax credits can result in a world of savings. A tax credit is a dollar-for-dollar reduction of your tax liability. It's different from a tax deduction, which only exempts some of your income from taxes.

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The Motley Fool

MARCH 16, 2024

Image source: The Motley Fool/Upsplash People who file taxes are generally advised to try to claim as many credits as they're eligible for. The nice thing about tax credits is that they serve as a dollar-for-dollar reduction of your tax liability. For the 2023 tax year, the EITC has a maximum value of $7,430.

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The Motley Fool

MARCH 1, 2024

Image source: Getty Images Believe it or not, there are some lucky Americans who don't actually have to file a tax return this year -- and you might be one of them. It all depends on your income, tax-filing status, and a few other things. There's a huge upside to filing your taxes that you really don't want to miss out on.

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The Motley Fool

MARCH 11, 2024

Image source: Getty Images If you only make one tax-reducing move this year, be sure to maximize your contributions to tax-advantaged accounts. You don't need to be a tax guru to do this. Contribute to tax-advantaged accounts Tax-advantaged accounts can be a great way to lower your tax bill.

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The Motley Fool

FEBRUARY 23, 2024

Image source: Getty Images At this point, it's probably best to start focusing on your taxes if you haven't begun to work on your 2023 return. And when doing so, it pays to get your hands on every tax credit you're eligible for so you can reap the maximum amount of savings. What could the EITC be worth to you?

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The Motley Fool

MARCH 22, 2024

Image source: The Motley Fool/Upsplash For many people, filing taxes is a yearly obligation. But did you know that some people actually don't have to file a tax return? Filers with low incomes can generally get out of submitting taxes without being penalized for it. Some tax credits can't do more than reduce your tax debt to $0.

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The Motley Fool

SEPTEMBER 21, 2023

Image source: Getty Images If you asked for a tax extension in 2023, you're certainly not alone. While it might not feel like nearly six months have already passed since Tax Day, that is indeed the case. In most years, the regular tax filing deadline is April 15, which makes the extended deadline Oct.

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The Motley Fool

JANUARY 23, 2024

economy was hurting in the wake of the pandemic, lawmakers provided relief with a boosted Child Tax Credit. Not only did the credit's maximum value increase, but the credit itself became fully refundable, which meant parents could receive its full value even if they had no tax liability. Could the Child Tax Credit improve?

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The Motley Fool

MARCH 6, 2024

Image source: The Motley Fool/Upsplash Tax refunds are the prize at the end of the tedious tax-filing process, and you're not alone in wanting the largest refund possible. The average refund this tax season stands at $1,741 as of Feb. Here's what you need to know to shrink your tax refund for next year.

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The Motley Fool

MARCH 15, 2024

Image source: Getty Images When filing your taxes , your goal may be to eke out the most savings possible. One is to claim different tax credits, which reduce your tax liability on a dollar-for-dollar basis. Another option is to claim tax deductions you're entitled to. And that makes plenty of sense. of your AGI.

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The Motley Fool

MARCH 16, 2024

The good news, though, is that as a parent, you may be entitled to certain credits when you file your taxes. And that's a very good thing, because unlike tax deductions, which simply exempt some of your income from taxes, credits reduce your tax burden on a dollar-for-dollar basis.

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The Motley Fool

FEBRUARY 23, 2024

Image source: Getty Images Claiming as many tax breaks as you can (legally, of course) is key to paying the IRS as little as possible. They provide a dollar-for-dollar reduction of your tax bill. Each tax credit has its own rules outlining who qualifies and how much the credit is worth. Best of all, it's a refundable tax credit.

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The Motley Fool

MARCH 2, 2024

Image source: Getty Images We'd all love to pay the government a little bit less at tax time, and fortunately, there are things we can do to reduce our bill. One of the most important is to claim every tax break you qualify for. Here's how to know if you can claim it on your 2023 tax return. You're a U.S.

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The Motley Fool

MARCH 2, 2024

Image source: The Motley Fool/Upsplash According to the most recent data, the average tax refund is $3,207 per taxpayer as of Feb. 16, which is 2% more than the average refund at the same point in 2023. Millions of Americans look forward to getting their tax refunds every year, and with an average amount like this, it's no surprise.

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The Motley Fool

FEBRUARY 17, 2024

But they may not realize the income thresholds used to determine federal tax liability are not adjusted annually, nor have they ever been adjusted. As a result, the thresholds cover more Social Security benefits each year, increasing the tax burden on beneficiaries. However, there are two different tax thresholds.

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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. While many of Pfizer's woes in 2023 have been pinned on its declining COVID-19 product revenues, I suspect its business development strategy has also played a key role.

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Integrity Financial Planning

JUNE 12, 2023

As you plan for retirement, it’s important to consider tax optimization strategies to minimize your tax liabilities. Here are three key ways to optimize taxes in retirement, based on information from sources published between 2022 and 2023.

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Integrity Financial Planning

JULY 17, 2023

How you handle taxes and when you are taxed are two of the most important factors when it comes to retirement planning. There are also Roth 401(k)s that have a similar tax treatment but are subject to some different rules. 5] This basically allows an earning spouse to help contribute to a non-earning spouse’s retirement funds.

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The Motley Fool

NOVEMBER 7, 2024

This could raise your tax liability for the year and may force you to sell some of the assets you'd rather hold. But the tax consequences of skipping your RMD are a much bigger headache. For example, if you're 75 and you had a $500,000 traditional IRA balance at the end of 2023, you'd divide the $500,000 by the 24.6

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The Motley Fool

MARCH 13, 2024

Dollar Tree (NASDAQ: DLTR) Q4 2023 Earnings Call Mar 13, 2024 , 8:00 a.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Hello and welcome to the Dollar Tree Q4 2023 earnings call. million new customers in 2023, mostly from households earning over $125,000 a year.

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Liabilities Depreciation Capital Leveraging 246

The Motley Fool

FEBRUARY 22, 2024

Genworth Financial (NYSE: GNW) Q4 2023 Earnings Call Feb 22, 2024 , 9:00 a.m. Welcome to the Genworth Financial's fourth-quarter 2023 earnings conference call. Welcome to Genworth's fourth-quarter 2023 earnings call. On a statutory accounting basis, pre-tax income for the U.S. Image source: The Motley Fool.

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The Motley Fool

FEBRUARY 1, 2024

Markel Group (NYSE: MKL) Q4 2023 Earnings Call Feb 01, 2024 , 9:30 a.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Good morning, and welcome to the Markel Group fourth-quarter 2023 conference call. Jeremy will provide more details on the insurance results of 2023 in his comments.

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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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Ballast Advisors

MARCH 17, 2023

Reducing your tax liability can literally save you thousands of dollars Tax season can be a stressful time for many people, especially if you’re not fully prepared. However, with some advance planning and preparation, you can take steps to reduce your tax bill for the upcoming year.

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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.

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Taxes Accounting Liabilities Funds 246

The Motley Fool

FEBRUARY 14, 2024

Conduent (NASDAQ: CNDT) Q4 2023 Earnings Call Feb 14, 2024 , 9:00 a.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Greetings, and welcome to the Conduent Q4 2023 earnings announcement. We see this, as described previously in our Q1 2023 investor briefing, as a three-year journey.

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The Motley Fool

DECEMBER 22, 2023

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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Taxes Exchange-Traded Funds Mutual Funds Consulting 246

The Motley Fool

AUGUST 9, 2023

Genworth Financial (NYSE: GNW) Q2 2023 Earnings Call Aug 09, 2023 , 9:00 a.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Good morning, ladies and gentlemen, and welcome to Genworth Financial's second quarter 2023 earnings conference call. Image source: The Motley Fool.

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The Motley Fool

AUGUST 24, 2023

Don't look now, but Carvana (NYSE: CVNA) is the top-performing stock on the market so far in 2023, as of Aug. In short, this stock has been incredibly volatile over the last 52 weeks, dropping more than 90% in 2022 before jumping to its big gains in 2023. This pushed some of its liabilities out, buying it time. Here's why.

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The Motley Fool

NOVEMBER 9, 2023

Genworth Financial (NYSE: GNW) Q3 2023 Earnings Call Nov 09, 2023 , 9:00 a.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Good morning, ladies and gentlemen, and welcome to Genworth Financial third quarter 2023 earnings conference call. Image source: The Motley Fool.

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The Motley Fool

SEPTEMBER 29, 2024

In 2023, the automaker Stellantis (NYSE: STLA) invested in Archer and selected it as the exclusive contract manufacturer for its own eVTOL aircraft. However, that's still a lot of red ink compared to its $360 million in cash and equivalents and $150 million in total liabilities in its latest quarter.

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Mergers and Acquisitions Enterprise Values Liabilities Earnings Before Interest 245

The Motley Fool

OCTOBER 12, 2024

In 2024, the maximum a beneficiary could receive each month at full retirement age was $3,822, which was up $195 per month from 2023. In 2023, roughly 91% of the income collected by Social Security came from the 12.4% payroll tax on earned income (wages and salary, but not investment income). Image source: Getty Images.

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