Article and Taxes - Private Equity Central

41 States That Don't Tax Social Security Benefits

The Motley Fool

AUGUST 5, 2024

If there are 41 states that don't tax your Social Security benefits, that means there are nine that do. The fact that the vast majority don't tax it is good news, and there's more good news -- that majority is growing. When I wrote about this topic just two years ago , only 38 states didn't tax Social Security.

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Retiring Abroad? 3 Important Tax Implications to Consider First

The Motley Fool

SEPTEMBER 18, 2023

This article is intended for educational purposes only and is not legal advice. But those riches can come at a cost, especially if you're not hip to the tax laws you're beholden to, both here and in your new chosen land. tax return every year. For guidance on your personal situation, please contact a lawyer.

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Here's Why a Roth IRA Offers Incredible Tax Savings in Retirement

The Motley Fool

SEPTEMBER 24, 2023

Taxes in retirement can become complicated fast with income coming from several sources. A Roth IRA can help simplify your taxes while offering incredible savings. Opening up an account sooner rather than later can help you position your finances to keep your tax bill low in retirement. First is when you pay taxes.

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Read This Article Before Dropping Out of College – Your Wallet Will Thank You

The Motley Fool

JULY 26, 2023

If any loved ones are willing to help you pay for college, look into 529 plans , which can be win-win, as they can offer donors a tax break. Some sites to check include Scholarships.com, ScholarshipOwl.com, and Fastweb.com. There are other college savings accounts that might help, too, such as Coverdell ESAs. Consider getting a car.

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How Much Would My Mortgage Be on a $200,000 Home?

The Motley Fool

FEBRUARY 3, 2024

The precise amount would depend on the buyer's down payment, how much they pay for homeowners insurance, and the rate of property tax they're responsible for. In short, an escrow account holds the money that will be used to pay property taxes and homeowners insurance. However, we'll base all calculations in this article on a 6.25% APR.

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Taxes Accounting Debt Funds

Why More People Are Choosing to Donate Their Cars

The Motley Fool

DECEMBER 25, 2023

Image source: Getty Images If you itemize deductions on your tax return, you can claim a deduction for any charitable giving you've done throughout the year. Tax deductions The obvious reason to donate your car is to get a tax deduction. This doesn't just include money -- if you donate property, you can take a deduction as well.

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Do You Need a Lawyer to Incorporate Your Business?

The Motley Fool

OCTOBER 16, 2023

This means I filed Articles of Incorporation with my state as well as some forms with the IRS to specify that I wanted to operate my company as a specific kind of corporation called an S-corp. Image source: Getty Images Many years ago, I incorporated my small business.

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Is a Living Trust Really the Best Way to Pass an Inheritance to Your Family?

The Motley Fool

SEPTEMBER 9, 2024

This article is intended for educational purposes only and is not legal advice. You should also know that placing assets into a living trust won't necessarily benefit you from a tax perspective. Assets you place into the trust are subject to whatever taxes you'd normally have to pay.

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Is a Living Trust Really the Best Way to Pass an Inheritance to Your Family?

The Motley Fool

OCTOBER 16, 2024

This article is intended for educational purposes only and is not legal advice. You should also know that your assets won't necessarily receive more favorable tax treatment if they're put into a living trust. So if your goal is to save on taxes or lower your beneficiaries' tax burden, a living trust generally won't help.

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Warren Buffett Once Referred to Apple As the Best Business in the World. So Why Did He Just Sell 116 Million Shares?

The Motley Fool

MAY 24, 2024

businesses via corporate tax payments. Buffett went on to say that the government can change the corporate tax rate in any given year, and that he thinks "higher taxes are quite likely." Basically, he's alluding that if tax rates indeed rise, then Berkshire would be required to pay higher capital gains on Apple in the future.

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Taxes Investment Horizon Prospects Portfolios

Baby Boomers: Busting Retirement Myths

The Motley Fool

AUGUST 24, 2024

Image source: Getty Images I read an article in The Economist recently, headlined, "Baby-boomers are loaded. Make the most of tax-advantaged accounts such as IRAs or 401(k)s. HSAs are rare in that they offer a triple tax benefit. You can make tax-free contributions. Your investments then grow tax free.

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Here's Why I'm Considering a Living Trust for My Family

The Motley Fool

JULY 28, 2024

This article is intended for educational purposes only and is not legal advice. I value my privacy -- a lot You might think that there are special tax breaks to be enjoyed with a living trust. But I don't see any obvious tax benefit. For guidance on your personal situation, please contact a lawyer. But I knew it had to be done.

Legal

Legal Education Taxes Assets

3 Reasons to Seriously Consider Using a Living Trust to Pass an Inheritance to Your Family

The Motley Fool

AUGUST 29, 2023

This article is intended for educational purposes only and is not legal advice. And please do use an experienced tax/estate attorney who can assess your unique situation and guide you away from pitfalls. For guidance on your personal situation, please contact a lawyer.

Legal

Legal Education Taxes Assets

3 Things That Surprised Me the Most About Running My Own Business

The Motley Fool

JULY 22, 2023

The amount of time doing mundane tasks unrelated to my actual job When I started my freelance writing business, I expected I would get to spend my days writing interesting articles about the subjects I am passionate about. And I definitely get to do a lot of that. But, things ended up being a lot more complicated.

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Taxes Accounting Companies Returns

Is a Living Trust Really the Best Way to Pass an Inheritance to Your Family?

The Motley Fool

JULY 1, 2024

This article is intended for educational purposes only and is not legal advice. And if you're thinking that a living trust could serve as a tax shelter of sorts for your family, think again. For guidance on your personal situation, please contact a lawyer. You'll need to decide if the higher cost of a trust is worth it.

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Did Congress Steal Trillions From Social Security? The Answer Might Surprise You

The Motley Fool

SEPTEMBER 10, 2023

Just as the sun rising in the Eastern sky every day is a fundamental truth, every prominent Social Security article on the internet with a comments section is destined to be filled with claims that the program's shaky foundation is the result of "Congress stealing trillions from Social Security and not paying interest on what they've taken."

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Is a Living Trust Really the Best Way to Pass an Inheritance to Your Family?

The Motley Fool

APRIL 21, 2024

This article is intended for educational purposes only and is not legal advice. Consult a knowledgeable tax attorney to be sure. For guidance on your personal situation, please contact a lawyer. That could lessen their value as a tool for asset protection in your case. Or it might not.

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How to Refill an Emergency Fund

The Motley Fool

JULY 24, 2023

Shortly after this article was published , where I talked about tapping my emergency fund to cover the costs associated with a broken sump pump, a friend asked me a great question about what comes next. The biggest priority bucket each month goes toward our next set of tax and insurance bills.

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Funds Taxes Liabilities Stakes

Warren Buffett Just Sold 389,368,450 Shares of Apple Stock. Was That a Good Idea?

The Motley Fool

SEPTEMBER 1, 2024

During a shareholder conference back in May, Buffett strongly suggested that he thought changes to the tax code were on the horizon, which subsequently inspired some of his decision-making to take gains off the table. The investment firm trimmed its position in Apple by about 13% earlier this year as well.

Taxes

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Here's Why I'm Not Buying My Next Set of Tires at Costco

The Motley Fool

AUGUST 26, 2024

Image source: Upsplash/The Motley Fool I recently wrote an article about the Costco Tire Center, and it dawned on me that I probably need a new set of tires myself. Now, I don't want you to leave this article thinking that Costco is a rip-off, because that's not at all what I'm saying. But boy, it isn't for me.

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This Statistic Explains Why the Rich Get Richer. Here's How You Can Join Them.

The Motley Fool

JANUARY 31, 2024

Per a recent article in The Wall Street Journal : The share of Americans who own stocks has never been so high. It's smart to make good use of tax-advantaged retirement savings accounts such as 401(k)s and IRAs. It's not just the five richest or 100 richest people who are boosting their wealth via stock market investing.

Exchange-Traded Funds

Exchange-Traded Funds Mutual Funds Accounting Taxes

Investing in a Rental Property? You Need to Do This First

The Motley Fool

AUGUST 6, 2023

More: Check out our picks for the best mortgage lenders A recent article in the Harvard Law & Policy Review suggests that short-term rentals have a negative impact on the availability of affordable housing in two ways. However, many cities have started to crack down on these rentals due to the impact they have on the housing market.

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Can Artificial Intelligence (AI) Really Help Make You a Millionaire Before Retirement?

The Motley Fool

MAY 22, 2024

New AI models can digest every book and article about investing and money management. Three of the four models suggested using tax-advantaged retirement accounts such as IRA and 401(k) plans. However, artificial intelligence (AI) just might be an exception. Imagine harnessing the power of this technology to plan your financial future.

Debt

Debt Taxes Accounting Portfolios

Is a Will Really the Best Way to Pass an Inheritance to Your Family?

The Motley Fool

SEPTEMBER 4, 2023

This article is intended for educational purposes only and is not legal advice. Estate planning can also involve tax implications, the particular needs of heirs and your strategies for meeting them, and just how quickly and easily assets can be transferred. For guidance on your personal situation, please contact a lawyer.

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Planning to Retire in 5 Years? Do These 5 Things First.

The Motley Fool

SEPTEMBER 25, 2023

This article is intended for educational purposes only and is not legal advice. You can have both, too, and a financial advisor or tax expert can help you make an informed choice. While you're still working, you can also take advantage of a pre-tax health savings account until you do retire.

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Cathie Wood Goes Bargain Hunting: 3 Stocks She Just Bought

The Motley Fool

MARCH 13, 2024

Keep that last streak of single-digit revenue growth in mind, as it applies to another company in this article. Adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) soared 86% in the company's latest quarter. Average revenue per user also inched higher, delivering a 12% increase in revenue.

Exchange-Traded Funds

Exchange-Traded Funds Earnings Before Interest Amortization Depreciation

Afraid to Open Your Bank Statement? Here's How to Overcome That Fear

The Motley Fool

OCTOBER 6, 2023

Image source: Getty Images If you're someone who hides from their bank statement each month, you've taken a big step just by opening this article. I probably paid over $100 in overdraft fees when I was in my 20s -- and more in credit card interest and a fine for paying my taxes late. An even bigger driver? I changed the narrative.

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Banks Accounting Taxes Debt

What's Your Plan for Your Parents' Future?

The Motley Fool

JULY 5, 2023

The title of this article might confuse you -- planning for your parents' future? For example, estimate how much will be spent on categories such as housing, food, travel, utilities, taxes, transportation, clothing, insurance, recreation, and healthcare. Isn't that their job, and not yours?

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Here's How Much the Average 60-Year-Old Has in Their 401(k)

The Motley Fool

MARCH 23, 2024

A 2024 Empower article reported that Americans in their 60s have a median 401(k) balance of $209,382 and an average balance of $555,621. Contribute to an IRA, too Just like 401(k) plans, IRAs allow you to save for retirement while saving on taxes. The median balances are likely a more accurate representation of the overall average.

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Accounting Taxes Investing

Intuit (INTU) Q2 2024 Earnings Call Transcript

The Motley Fool

FEBRUARY 22, 2024

Let's start with tax. Tax preparation represents a $35 billion TAM. This includes $31 billion within the assisted consumer and business tax categories, which we have barely started to penetrate. Second, small businesses can file their taxes with TurboTax. Let me share more about the areas of focus this season.

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The Ultimate Growth Stock to Buy With $1,000 Right Now

The Motley Fool

MARCH 16, 2024

This is why I'm excited to highlight restaurant company Portillo's (NASDAQ: PTLO) in this article. In 2023, the company's margin for adjusted earnings before interest, taxes, depreciation, and amortization ( EBITDA ) was 24% at the restaurant level. Finding something like this at a dirt cheap valuation would also make it a timely idea.

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History Says September May Be The Perfect Time to Pounce On This Ultra-High-Yield Dividend Stock

The Motley Fool

SEPTEMBER 4, 2024

Since January 2023, the S&P 500 and Nasdaq Composite have boasted total returns of 48% and 66% respectively (as of the time of this article). There are many factors that influence selling stocks toward the end of the year including tax planning or potential changes in monetary policy from the Federal Reserve.

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Is a Living Trust Really the Best Way to Pass an Inheritance to Your Family?

The Motley Fool

MARCH 31, 2024

This article is intended for educational purposes only and is not legal advice. To be sure, consult a qualified tax attorney. For guidance on your personal situation, please contact a lawyer. Estate planning is a crucial aspect of financial management, the end game that ensures your assets are distributed according to your wishes.

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The Best Tech Stock That Not Nearly Enough People Are Talking About, and Why You Should Be

The Motley Fool

JULY 10, 2024

This article will explore one of these companies: Alibaba (NYSE: BABA). This business segment is also enormously profitable, generating 189 billion yuan ($26 billion) in earnings before interest, taxes, and amortization (EBITA) in the fiscal year 2024. Image source: Getty Images.

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5 Smart Things to Do With Your Money Before 2024

The Motley Fool

JULY 14, 2023

In this article, I'll share some things you can do with your money before 2024. If you have a retirement account that can be used to reduce your taxable income, like a traditional IRA account , boosting your contributions can help you save on your yearly tax bill, too.

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Intuit (INTU) Q1 2024 Earnings Call Transcript

The Motley Fool

NOVEMBER 28, 2023

Consumer group revenue growth reflects a strong finish to the tax extension season. We remain focused on transforming the assisted consumer and business tax categories with TurboTax Live. Our innovation in tax has accelerated in several areas. We believe this is Intuit's most exciting era yet. Third, QuickBooks.

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Oracle (ORCL) Q2 2025 Earnings Call Transcript

The Motley Fool

DECEMBER 9, 2024

The non-GAAP tax rate for the quarter was actually 20.1%, which is higher than my 19% guidance. Even as higher tax rate lowered EPS by $0.02, we still hit the high end of my constant currency guidance. Lastly, my EPS guidance for Q3 assumes a base tax rate of 19%. Absolutely, we did better.

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Taxes Investors Banks Liabilities

Can I Get a Personal Loan Without a Job? The Answer Will Surprise You

The Motley Fool

JULY 30, 2023

This article will take you through everything you need to know about getting a personal loan without a job. Be prepared to explain your alternative sources of income or assets and provide documentation such as tax returns, bank statements, and invoices. Contrary to popular belief, the answer is "yes!"

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1 Spectacular Thing Honeywell and nVent Have in Common

The Motley Fool

AUGUST 18, 2023

The following article may be the source for a quiz question on a future fantastical industrial sector-focused game show. billion in net debt compared to earnings before interest, taxes, depreciation, and amortization ( EBITDA ) of about $9.5 The answer is nVent Electric (NYSE: NVT) and Honeywell International (NASDAQ: HON).

Conglomerates

Conglomerates Earnings Before Interest Amortization Depreciation

Here's the Max Social Security Benefit for Retirees in 2024, and the Salary You Need to Get It

The Motley Fool

DECEMBER 10, 2023

Tax Year Maximum Taxable Earnings Limit 2015 $118,500 2016 $118,500 2017 $127,200 2018 $128,400 2019 $132,900 2020 $137,700 2021 $142,800 2022 $147,000 2023 $160,200 2024 $168,600 Data source: The Social Security Administration. But the taxable maximum tends to increase each year to account for changes in general wage levels.

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Taxes Accounting

Coupang (CPNG) Q3 2024 Earnings Call Transcript

The Motley Fool

NOVEMBER 5, 2024

We generated $132 million of income before income taxes in Q3 and a $70 million of net income attributable to Coupang stockholders. This quarter, we reported an effective income tax rate of 52% driven by consolidation of pre-tax losses in Farfetch and nondeductible expenses. This resulted in diluted earnings per share of $0.04.

Amortization

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These 3 Dividend Stocks Yield Investors 9.6% or More. Here's Which 1 I'd Buy First.

The Motley Fool

DECEMBER 6, 2023

This article will focus on three dividend stocks that yield investors between 9.7% These companies get tax treatment similar to real estate investment trusts (REITs) that requires them to pay out 90% of all taxable income to shareholders through dividends or other distributions. They are B.

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Investors Collateral Mergers and Acquisitions Initial Public Offering

Is the Temu Hype Warranted?

The Motley Fool

SEPTEMBER 4, 2024

I could show you some cool articles I've been reading and some different tweets and memes, if you like. In 2016, the New York Times did a series of articles on the problems with the K12 403(b). Finally, while you contribute on an after tax basis, you'll pay no taxes upon withdrawal and retirement. Let me repeat that.

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Why These 3 Quantum Computing Stocks Are Worth the Risk

The Motley Fool

MAY 28, 2024

Quantum computers need help, and help is already here Nicholas Rossolillo (Nvidia): I recently wrote a couple of articles about quantum computing and some breakthroughs happening in the nascent industry -- although "industry" is a bit generous. Quantum computing is more of a research and development initiative, not a full-blown industry.

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41 States That Don't Tax Social Security Benefits

Retiring Abroad? 3 Important Tax Implications to Consider First

Trending Sources

Here's Why a Roth IRA Offers Incredible Tax Savings in Retirement

Read This Article Before Dropping Out of College – Your Wallet Will Thank You

How Much Would My Mortgage Be on a $200,000 Home?

Why More People Are Choosing to Donate Their Cars

Do You Need a Lawyer to Incorporate Your Business?

Is a Living Trust Really the Best Way to Pass an Inheritance to Your Family?

Is a Living Trust Really the Best Way to Pass an Inheritance to Your Family?

Warren Buffett Once Referred to Apple As the Best Business in the World. So Why Did He Just Sell 116 Million Shares?

Baby Boomers: Busting Retirement Myths

Here's Why I'm Considering a Living Trust for My Family

3 Reasons to Seriously Consider Using a Living Trust to Pass an Inheritance to Your Family

3 Things That Surprised Me the Most About Running My Own Business

Is a Living Trust Really the Best Way to Pass an Inheritance to Your Family?

Did Congress Steal Trillions From Social Security? The Answer Might Surprise You

Is a Living Trust Really the Best Way to Pass an Inheritance to Your Family?

How to Refill an Emergency Fund

Warren Buffett Just Sold 389,368,450 Shares of Apple Stock. Was That a Good Idea?

Here's Why I'm Not Buying My Next Set of Tires at Costco

This Statistic Explains Why the Rich Get Richer. Here's How You Can Join Them.

Investing in a Rental Property? You Need to Do This First

Can Artificial Intelligence (AI) Really Help Make You a Millionaire Before Retirement?

Is a Will Really the Best Way to Pass an Inheritance to Your Family?

Planning to Retire in 5 Years? Do These 5 Things First.

Cathie Wood Goes Bargain Hunting: 3 Stocks She Just Bought

Afraid to Open Your Bank Statement? Here's How to Overcome That Fear

What's Your Plan for Your Parents' Future?

Here's How Much the Average 60-Year-Old Has in Their 401(k)

Intuit (INTU) Q2 2024 Earnings Call Transcript

The Ultimate Growth Stock to Buy With $1,000 Right Now

History Says September May Be The Perfect Time to Pounce On This Ultra-High-Yield Dividend Stock

Is a Living Trust Really the Best Way to Pass an Inheritance to Your Family?

The Best Tech Stock That Not Nearly Enough People Are Talking About, and Why You Should Be

5 Smart Things to Do With Your Money Before 2024

Intuit (INTU) Q1 2024 Earnings Call Transcript

Oracle (ORCL) Q2 2025 Earnings Call Transcript

Can I Get a Personal Loan Without a Job? The Answer Will Surprise You

1 Spectacular Thing Honeywell and nVent Have in Common

Here's the Max Social Security Benefit for Retirees in 2024, and the Salary You Need to Get It

Coupang (CPNG) Q3 2024 Earnings Call Transcript

These 3 Dividend Stocks Yield Investors 9.6% or More. Here's Which 1 I'd Buy First.

Is the Temu Hype Warranted?

Why These 3 Quantum Computing Stocks Are Worth the Risk

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