2023 Liabilities Taxes 
The Motley Fool
FEBRUARY 13, 2024
Image source: Getty Images Taxes can be a burden, no matter how much money you make. tax code is that it's loaded with options designed to help filers save money. If you're gearing up to file your 2023 taxes (remember, this season, you're filing taxes for the year before), you may be eager to squeeze out all the benefits you can.
The Motley Fool
MARCH 19, 2024
Image source: Getty Images In a perfect world, tax season wouldn't be stressful at all -- state and federal governments would tell us what we owe (or how much we overpaid) directly, and issue a tax refund or a bill, depending on your status. Read more: we researched free tax software and put together a list of the best options here 1.
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The Motley Fool
FEBRUARY 2, 2024
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.
The Motley Fool
MARCH 13, 2024
The silver lining, though, is that there are several steps you can take to eke out tax savings. Read more: we researched free tax software and put together a list of the best options here 1. A dependent care FSA lets you set aside pre-tax dollars for child care costs, which include daycare tuition, after-school care, and summer camp.
The Motley Fool
FEBRUARY 26, 2024
Image source: Getty Images If you haven't started your 2023 taxes yet, you may want to get moving. Although the April 15 filing deadline is still more than a month and a half away, the sooner you get through the process, the sooner your tax refund, if applicable, can hit your bank account. Of that, up to $1,600 is refundable.
The Motley Fool
FEBRUARY 28, 2024
Image source: Getty Images At this point, a lot of people are starting to get serious about filing their 2023 taxes. And when doing yours, you may be eager to claim all of the tax deductions you're entitled to. But first, let's do a quick refresher on tax deductions, since they're often confused with tax credits.
The Motley Fool
MARCH 17, 2024
But as a single person, there are plenty of opportunities for you to eke out savings on your taxes. Read more: we researched free tax software and put together a list of the best options here 1. This year, IRAs max out at $7,000 for tax filers under age 50 and $8,000 for those 50 and older.
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