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The 4 Biggest Mistakes People Make With Their Tax Refunds

The Motley Fool

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). Paying down low-interest debt So you've decided to pay off some debt with your tax refund.

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7 Tax Mistakes That Can Cost Small Business Owners Thousands

The Motley Fool

Image source: The Motley Fool/Upsplash Tax season is a good time for small business owners to reflect upon their past year's business performance, and plan ahead for next year. As part of your tax planning, it's important to watch out for a few big tax mistakes. Where's your revenue coming from?

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Here Are 8 Ways the Richest Americans Avoid Paying Taxes

The Motley Fool

Image source: Getty Images Have you ever heard that multi-billionaire Warren Buffett pays a lower federal income tax rate than his secretary? Many ultra-wealthy American households pay surprisingly low effective federal income tax rates, and in some cases, no taxes at all. No tax breaks are designed to only benefit billionaires.

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Google Parent Company Alphabet Just Proved Why Dividends Matter, Even for Growth Stocks

The Motley Fool

Just one quarter after Meta Platforms announced its first-ever dividend payout, Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) joined Meta, Microsoft , and Apple to become the fourth "Magnificent Seven" company to reward shareholders with a quarterly dividend. based company : $20.7 Shareholders owe taxes on dividend income but not buybacks.

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3 Vanguard ETFs That Can Provide Lifetime Passive Income

The Motley Fool

These funds typically boast lower turnover rates compared to actively managed alternatives, a characteristic that substantially reduces investors' tax liabilities. This remarkable figure illustrates the power of investing in high-quality, dividend-growing companies over time. VOO data by YCharts Comprehensive U.S.

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Is an LLC Worth It for Sole Proprietors?

The Motley Fool

Generally, a sole proprietorship (meaning a company owned by just one person who does all or most of the work on the business) will choose between remaining a sole proprietorship, which requires no paperwork at all, and an LLC. However, they can also be taxed as an S corporation or C corporation, which can help reduce self-employment taxes.

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3 Underrated Roth IRA Features Everyone Should Know About

The Motley Fool

And a 401(k) could especially make sense if your company matches a portion of your contributions. Read more: unlock best-in-class perks with one of these brokerage accounts You may be aware that a primary benefit of saving for retirement in a Roth IRA is getting tax-free investment gains in your account, as well as tax-free withdrawals.

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