The Motley Fool

MARCH 18, 2024

Image source: The Motley Fool/Upsplash As of late February, the average tax refund issued by the IRS this filing season was $3,213. But no matter what refund you get on your taxes , it's important to make the most of that money. Read more: we researched free tax software and put together a list of the best options here 2.

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The Motley Fool

MARCH 25, 2024

Image source: Getty Images In 2023, the average tax refund was $2,903 according to The Motley Fool Ascent's tax research. In fact, here are three great things you may want to do if your tax software shows a refund is coming your way. 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

MAY 12, 2024

Each new business owner may feel as though they have about a million things to get done, but when it comes to setting up business finances, there are only 10 they need to concentrate on. Have a financial plan It's nearly impossible to run a small business without a plan outlining how you plan to handle your finances.

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The Motley Fool

MARCH 24, 2024

Image source: Getty Images The funny thing about taxes is that, technically, the best result is no one owes anyone anything -- when, in reality, many of us are happy to get that check every spring. Read more: we researched free tax software and put together a list of the best options here 1. For amended returns, call at: 518-457-5149.

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The Motley Fool

APRIL 1, 2024

Image source: The Motley Fool/Upsplash As we edge closer to Tax Day , there's a whirlwind of changes and updates to keep on your radar. Thankfully, Karla Dennis, a tax expert and founder of KDA, Inc. , is here to help us sift through the noise and highlight the most impactful shifts in this year's tax landscape.

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The Motley Fool

MARCH 22, 2024

Image source: Getty Images The average tax refund for 2023 is $3,182, according to the latest IRS data. It's surprisingly easy to turn your tax refund into a small fortune, even if you don't have any investment experience. If you have credit card debt that's accruing interest, it's smart to apply your refund to your balance.

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The Motley Fool

MARCH 8, 2024

16, the average tax refund so far is $3,207. This is a bit higher than it was at this point last year, and that amount of money could do some serious good for your finances. Pay down debt If you've got some stubborn high-interest debt , like that on a credit card, consider using your tax refund to chip away at it.

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The Motley Fool

APRIL 25, 2024

Image source: The Motley Fool/Upsplash Most people don't love filing taxes, but lots of people love getting a tax refund! The average IRS tax refund for 2024 is $3,011 (as of April 15 data). For many Americans, a tax refund feels like a happy surprise -- "free money" from the government.

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The Motley Fool

SEPTEMBER 23, 2023

It's easy to think of student debt as a young person's problem. But actually, the number of people aged 60 and older who carry student loan debt has increased six-fold since 2004. But retiring with student loan debt could have serious consequences. Image source: Getty Images. If it passes, this may no longer be a concern.

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The Motley Fool

JANUARY 17, 2024

Managing your finances can be intimidating, particularly when you're first getting started. Education doesn't end with school, though, and learning personal finance as an adult can be liberating. Education doesn't end with school, though, and learning personal finance as an adult can be liberating. Only about half of U.S.

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The Motley Fool

MARCH 21, 2024

Image source: Upsplash/The Motley Fool It's the most wonderful time of the year: tax season! But even though no one loves to pay taxes, filing your tax return can give you a sense of completion and clarity. Knowing how much tax you owe -- or how big of a refund you'll get -- is like an annual check-in for your personal finances.

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The Motley Fool

AUGUST 24, 2024

net wealth, there are others about those who face homelessness, debt, and extreme financial stress. 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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The Motley Fool

MARCH 27, 2024

Image source: Getty Images People tend to have a complicated relationship with debt, and debt is often misunderstood. Some people think "all debt is bad," and try to avoid getting into debt at all. They sacrifice a lot of time and joy because they're obsessed with "getting out of debt." Yes, you'll owe interest.

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The Motley Fool

JULY 15, 2023

Sometimes, it involves taking over their finances, because they're no longer in the best position to do so. If you find yourself in a situation where you believe it's best to take over your aging parents' finances, here are some steps that could simplify the process. Income like dividends could also generate a tax bill.

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The Motley Fool

SEPTEMBER 13, 2024

His tough-love advice has helped countless people get out of debt and take control of their budgets. Ramsey's approach can be a bit extreme, and in personal finance, balance is key. Not all debt is bad debt Ramsey is famously anti-debt, encouraging people to pay off every penny as quickly as possible.

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The Motley Fool

DECEMBER 6, 2023

Image source: Getty Images The vast majority of Americans are in debt. Being in debt isn't necessarily a bad thing -- it depends on the kind of debt To understand why it's not necessarily a problem that so many Americans are in debt, it's helpful to look at exactly what we collectively owe. In 2022, 77.4% Here's why.

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The Motley Fool

MAY 12, 2024

Ultimately, though, I took a deep breath and decided to try it out -- after using my part-time freelance income to put my personal finances into solid shape first. I paid off all my debt and built actual savings for the first time, giving myself a safety net. Here are the money changes I faced as a result.

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The Motley Fool

JULY 13, 2024

They do their best to avoid debt Most millionaires eliminate all other debt besides a mortgage on their home. That means not carrying credit card debt from month to month or financing a new boat, ATV, or vacation whenever the whim strikes. They do everything within their power to pay off debt as soon as possible.

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Blackstone News

FEBRUARY 13, 2024

Transaction showcases Arevon and Blackstone’s strategic approach to financing clean energy projects through a combination of preferred equity, tax credit transfers, and debt NEW YORK and SCOTTSDALE, Ariz. The financing includes a commitment from Stifel Financial Corp. February 13, 2024) – Arevon Energy, Inc.,

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The Motley Fool

MARCH 6, 2024

Image source: The Motley Fool/Upsplash When I realized I had $9,000 worth of credit card debt a few years ago, my first instinct was to cut expenses. Featured offer: save money while you pay off debt with one of these top-rated balance transfer credit cards I quickly grew frustrated because I wasn't making fast progress on my debt.

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The Motley Fool

JULY 9, 2023

That unpaid care often includes taking responsibility for their aging parents' finances. Your parents The crucial first step is honest, open conversation with your parent or parents about the state of their finances. You need a clear picture of their existing financial plans, income, debts, and assets. So does your spouse.

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Private Equity Wire

NOVEMBER 30, 2023

According to the annual KPMG Private Debt fund survey commissioned by the Association of Luxemburg Fund Industry (ALFI), the country’s private debt market expanded by 51%, with Assets under management rising to €404.4bn, compounding last year’s AuM growth of 45.4%.

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The Motley Fool

JUNE 13, 2023

Image source: Getty Images As a whole, Americans carry some serious debt. Total consumer debt hit $17 trillion in the first quarter of 2023, according to the Federal Reserve Bank of New York. In addition, the average American household debt was $101,915 in 2022, according to Experian. of it toward debt, that's $6,763.

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The Motley Fool

MARCH 24, 2024

Image source: Getty Images Women of all ages are taking charge of their finances. If you're a woman looking to make life-changing money moves, you may seek advice on managing your finances to live a more comfortable and secure life. Here are a few ways that successful women manage their finances.

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The Motley Fool

SEPTEMBER 17, 2023

With this change, taxpayers who receive business income through online platforms, payment apps , or payment card processors will now receive a 1099-K tax form when they receive payments totaling more than $600 per year. The IRS delayed the start of this policy in 2022, but the rule applies to income received during the 2023 tax year.

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The Motley Fool

FEBRUARY 16, 2024

And if you do encounter an expensive financial need, like a car or home repair, you may have to resort to high-interest debt, increasing those costs even more. That sum includes rent, utilities, groceries, and minimum debt payments. High-interest debt payoff Right now, interest rates are especially high.

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The Motley Fool

JULY 2, 2024

Your financial habits will help or hurt your retirement goals Chances are, it will be difficult to prioritize IRA contributions if you're deep in debt and struggling to pay the bills. It's easier to save and invest when your finances are in order.

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The Motley Fool

MARCH 20, 2024

Now's a really good time to spring clean your personal finances as well. But if your emergency fund is lacking, it means you're running the risk of landing in serious debt the next time an unexpected bill lands in your lap, like a home or car repair. For you, it might mean getting into serious cleaning mode. Here's how to get started.

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The Motley Fool

AUGUST 8, 2024

The company sought to remake the fragmented used-car market by transacting and financing online. After staring at the brink of bankruptcy, a debt restructuring deal rescued the stock. After staring at the brink of bankruptcy, a debt restructuring deal rescued the stock. But does this recovery mean it's safe for investors to buy?

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The Motley Fool

AUGUST 16, 2024

If any of these three factors apply to you, it may be wise to avoid investing right now to protect your finances. Selling your investments can not only lock in any potential losses, but it could also come with hefty taxes or fees. Waiting until you're completely debt-free to begin investing, then, can set you far behind.

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The Motley Fool

SEPTEMBER 3, 2024

I started meeting with a financial planner at a very precarious and far-from-rich point in my life, and I credit this move with helping me to turn my finances around entirely. Here's how meeting with a financial advisor can have a positive impact on your budget and overall finances -- even if you're not wealthy.

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The Motley Fool

MAY 2, 2024

Even when your work schedule gets busy, taking good care of your finances is essential. Setting and following a budget is a good money management move that can help you avoid racking up expensive debt. You must report every dollar you make to meet your tax obligations. The IRS requires workers to pay taxes as they earn income.

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The Motley Fool

AUGUST 11, 2024

As long as fueling your car impacts your personal finances , it's good to understand that prices are not randomly set. Taxes Also contributing to the retail price of gasoline are federal, state, and local government taxes, and those taxes vary dramatically by city and state. What drives the price? According to the U.S.

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Integrity Financial Planning

JULY 3, 2023

What is the Debt Ceiling? The national debt ceiling is the amount of money that the United States Government is allowed to borrow to pay for its expenses. These expenses include things like Social Security and Medicare benefits, tax refunds, military salaries, and interest payments on outstanding debt the nation may have.

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The Motley Fool

SEPTEMBER 13, 2024

Image source: The Motley Fool/Upsplash Your 50s are a time when finances really come front and center for a lot of people. It's not always easy to find the time to take a hard look at your finances, but it's helpful to assess where you're at periodically. Reducing liabilities usually means paying down debt. What is net worth?

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The Motley Fool

AUGUST 23, 2024

But if you don't actively plan how you'll use your raise, you may just end up spending it, without much benefit to your finances or your life. Pay down high-interest debt If you currently have any high-interest debt, put at least a portion of your raise toward that. Probably the most common example is credit card debt.

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The Motley Fool

DECEMBER 18, 2023

With that in mind, now is a great time to start tightening up some loose ends and assessing your personal finances for the new year. For most 401(k) plans, you have until the end of 2023 to contribute up to the limit, while IRA investors have until tax day of 2024 (April 15) to hit theirs.

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