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

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. Millions of Americans look forward to getting their tax refunds every year, and with an average amount like this, it's no surprise. 16, which is 2% more than the average refund at the same point in 2023.

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Taxes Liabilities Debt Accounting 130

The Motley Fool

FEBRUARY 9, 2024

It's also carrying a lot of debt: $37.5 billion in long-term liabilities as of the quarter ending Oct. That's a lot -- but simply knowing the amount doesn't tell us if that much debt is good, bad, or indifferent. How much debt does Home Depot have compared to its peers? Is Home Depot able to manage its debt?

Debt 130

Debt Investors Earnings Before Interest Liabilities 130

The Motley Fool

JULY 14, 2024

Contributions to traditional IRAs (often called contributory IRAs) are typically tax-deductible for the year in which they're made -- you'll simply owe taxes on this money as it's withdrawn from these accounts. Of course, both kinds of accounts are allowed to grow without incurring any tax liabilities as they do.

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Taxes Liabilities Accounting Debt 246

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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Taxes Debt Financial Institutions Liabilities 246

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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Taxes Liabilities Accounting Debt 97

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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Taxes Debt Depreciation Financing 246

The Motley Fool

SEPTEMBER 13, 2024

His tough-love advice has helped countless people get out of debt and take control of their budgets. Not all debt is bad debt Ramsey is famously anti-debt, encouraging people to pay off every penny as quickly as possible. While it's great to be debt-free, not all debt is inherently bad.

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Debt Financing Finance Liabilities 243

The Motley Fool

MAY 5, 2024

To calculate your net worth , you add up all of your financial assets -- cash savings, retirement accounts, other investments, your home value, and any other property -- and subtract any liabilities -- your mortgage balance, student loans, credit card balances, and any other debt you might owe. That makes sense.

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Liabilities Debt Education Assets 246

The Motley Fool

SEPTEMBER 13, 2024

First, net worth is simply a measure of your assets minus your liabilities. These include: Mortgages Car loans Personal loans Credit card balances Home equity loans or lines of credit To calculate your net worth, you add up the total value of your assets and subtract your liabilities. In practice, it's not always that easy.

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Liabilities Debt Financing Finance 130

The Motley Fool

DECEMBER 18, 2023

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. This is called tax loss harvesting , and it could potentially reduce your tax liability and eliminate some lemons in your portfolio.

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Taxes Debt Banks Accounting 246

The Motley Fool

SEPTEMBER 3, 2024

Lumen is a debt-riddled company whose stock became distressed earlier this year. However, an early-year deal to extend its debt maturities, combined with long-term deals for AI (artificial intelligence) networking, caused the stock to skyrocket in early August. billion in debt and pension liabilities. as of 2:23 p.m.

Debt 189

Debt Earnings Before Interest Amortization Depreciation 189

The Motley Fool

MAY 3, 2024

This can include forming a limited liability company (LLC) or incorporating your business as an S Corporation or C Corporation. This can help protect your personal assets in case of a lawsuit against your business, and limit your personal exposure to business losses or debts (hence the "limited liability" part of the "company").

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Legal Liabilities Taxes Banks 130

The Motley Fool

APRIL 8, 2024

Your net worth is calculated by adding up all of your assets -- cash savings, investments, home value, and other property -- and subtracting your liabilities -- your mortgage balance, student loans, credit card debt, and any other money you might owe. Debt isn't inherently bad. The same is often true for student loans.

Debt 246

Debt Liabilities Accounting Taxes 246

The Motley Fool

MAY 6, 2024

Highly profitable, but watch debt levels Portillo's is not only a high-volume restaurant concept but also highly profitable. With minimal cash on the balance sheet and over $600 million in debt and tax receivable liabilities with its old private equity owners, the stock has an enterprise value of approximately $1.5

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Enterprise Values Initial Public Offering Debt Taxes 246

The Motley Fool

NOVEMBER 2, 2024

But over time, they can quickly turn from an asset to a liability. Bankruptcy Type What It Is Chapter 7 You'd pay for your debts by selling off assets, but you don't have to make payments to creditors after that. Chapter 13 You'd create a payment plan to pay off your debts over time, but you get to keep your assets.

Debt 130

Debt Consultants Consulting Liabilities 130

The Motley Fool

OCTOBER 4, 2024

Sure, it shows how well you can handle debt. It's essentially your assets (what you own) minus your liabilities (what you owe). Subtract your liabilities from your assets. DTI ratio Your debt-to-income ratio is how much of your income goes toward debt payments. Divide your total debt costs by your gross income.

Debt 130

Debt Liabilities Assets Accounting 130

The Motley Fool

APRIL 11, 2024

Featured offer: save money while you pay off debt with one of these top-rated balance transfer credit cards A separate bank account may be important for certain business structures In some cases, it's crucial to have a separate company account because of the way your business is structured. And that means it needs its own bank account.

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Banks Accounting Liabilities Taxes 130

The Motley Fool

MARCH 16, 2024

Image source: Upsplash/The Motley Fool At this point, many people are deep in the throes of doing their taxes. To that end, it pays to claim any tax credits you're entitled to, as they'll reduce your IRS liability on a dollar-for-dollar basis. And your goal may be to try to eke out the most savings on your return as you can.

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Taxes Consultants Consulting Liabilities 147

The Motley Fool

AUGUST 1, 2024

We're very satisfied with our approximately 81% ownership stake in Enact as it continues to generate significant earnings and cash flows that support our capital allocation priorities of share repurchases, opportunistic debt reduction and growth investments in CareScout. On the statutory accounting basis, the U.S.

Liabilities 130

Liabilities Legal Shareholders Debt 130

The Motley Fool

SEPTEMBER 4, 2024

There's also a lot of strategy involved in maximizing your gains while minimizing your tax liability. I know this isn't always easy to pull off, especially for new graduates who may be struggling with student debt and also saving for other important life goals. But after this, your money grows tax-free.

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Taxes Accounting Liabilities Debt 130

The Motley Fool

FEBRUARY 1, 2024

This is a function of investors being concerned following a July report from The Wall Street Journal that alleged legacy telecom companies utilizing lead-sheathed cables could face large environmental/health liabilities, as well as replacement costs. Furthermore, any potential liabilities would likely be determined by the U.S.

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Debt Investing Liabilities Private Companies 246

The Motley Fool

JUNE 7, 2024

Then subtract all your liabilities, such as credit card debt and personal loans, from your assets to find out your net worth. Many employers offer retirement plans like a 401(k) to help you save in a tax-advantaged way. Plus, you can take advantage of tax-loss harvesting to help you reduce your tax bill.

Exchange-Traded Funds 242

Exchange-Traded Funds Taxes Accounting Education 242

Hedgestone

JULY 11, 2023

As a business owner, you may be wondering if you can sell your business if you owe taxes. The answer is yes, but it is essential to understand the implications of selling a business that owes taxes. Taxes can be a significant factor in determining the value of your business, and they can also complicate the sales process.

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Taxes Liabilities Amortization Depreciation 40

The Motley Fool

NOVEMBER 7, 2024

life insurance companies reported an estimated pre-tax loss of $18 million, driven by unfavorable mortality and higher new claims, as well as lower benefit from legal settlements. Launching our new growth strategy with CareScout has been made possible by the financial flexibility we've built over the last decade, reducing debt from $4.2

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Legal Debt Shareholders Taxes 130

The Motley Fool

DECEMBER 5, 2023

AT&T closed out the September quarter with $138 billion in total debt. The intimation is that the replacement of these cables, along with potential health-related liabilities, could be quite costly for telecom companies. It also fails to consider that any liability costs (if there are any) would be determined in the U.S.

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Debt Liabilities Capital Assets 246

The Motley Fool

SEPTEMBER 9, 2023

That means the business itself does not pay taxes. C-corporations, on the other hand, do pay business taxes and owners pay taxes when profits are distributed so you risk double taxes (but you do get more flexibility in terms of who can own the company). You have tax flexibility. Taxes can be higher.

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Taxes Liabilities Legal Stakes 130

The Motley Fool

SEPTEMBER 14, 2024

The legal issues and potential liability are the same, so no, we don't like this option much either. In addition, know that with a partnership, one partner can take on a debt or liability, or sign a contract in the name of the business, and both partners are liable for it. LLC stands for Limited Liability Company.

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Legal Startups Liabilities Consultants 130

The Motley Fool

OCTOBER 6, 2024

One definition is being debt-free and having enough money to do the things you want. This is the difference between your assets and your liabilities. You can boost your net worth by maxing out your annual contributions to tax-advantaged accounts such as IRAs. Others put a dollar amount on it. Americans believe $2.5

Taxes 130

Taxes Assets Liabilities Accounting 130

The Motley Fool

OCTOBER 17, 2024

However, management has successfully reduced net debt to $2.8 EPR net debt (quarterly), data by YCharts; TTM = trailing 12 months. The company's debt has been steadily increasing as it invests in more properties, rising by 235% over the past decade. O net financial debt (quarterly); data by YCharts.

Debt 130

Debt Earnings Before Interest Amortization Depreciation 130

The Motley Fool

JULY 20, 2023

Plan for the tax bill Whether you take the $516.8 million lump sum or you annuitize the $1 billion, expect to pay a lot in taxes. Lottery agencies are required to withhold 24% of prizes above $5,000 for federal taxes. Again, consult with your financial professionals about tax strategies.

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Taxes Consultants Consulting Liabilities 246

The Motley Fool

JANUARY 13, 2024

Pay down expensive debt Most people have some form of debt, whether it's a mortgage, car loan, or credit card debt. But high-interest debt -- such as credit card debt and many short-term loans -- can be incredibly costly over time. The less debt you have, then, the higher your net worth will be.

Debt 130

Debt Taxes Liabilities Accounting 130

The Motley Fool

JULY 9, 2023

You need a clear picture of their existing financial plans, income, debts, and assets. That same sweeping AARP report found that a significant percentage of caregivers of people ages 65 and older saw an impact on their own debt (23%) and their own ability to save (29%). After all, you need their permission in the first place.

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Finance Financing Liabilities Debt 243

The Motley Fool

SEPTEMBER 7, 2024

In the second quarter, adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) increased by 2.6%, while free cash flow of $4.6 Long plagued by a heavy burden of liabilities, AT&T is managing to deleverage with a decline in net debt supported by positive free cash flow. billion was up $0.4

Enterprise Values 243

Enterprise Values Earnings Before Interest Amortization Depreciation 243

The Motley Fool

APRIL 19, 2024

Meanwhile, recent data from Assurance found that 30% of consumers are misinformed about how life insurance works in the context of taxes. Don't assume the IRS will come after your loved ones' life insurance benefit Taxes apply to many different forms of income. But that's important information to have.

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Taxes Liabilities Debt Companies 130

The Motley Fool

JULY 28, 2023

Why the stock scares off some investors The debt-to-equity (D/E) ratio of DigitalOcean is a negative 675% due to total debt of $1.47 You can calculate it by dividing the company's total debt by shareholder equity. When a company shows a negative D/E ratio, its liabilities exceed its assets -- a sign of potential problems.

Debt 245

Debt Earnings Before Interest Shareholders Amortization 245

The Motley Fool

MAY 2, 2024

We are very pleased with our approximately 81% ownership stake in Enact, as it continues to generate significant earnings and is a key source of cash flows, helping fuel our share repurchase program, opportunistic debt reduction, and our growth investments in CareScout. Jerome will cover the performance of these segments in more detail later.

Legal 130

Legal Liabilities Shareholders Taxes 130