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Image source: The Motley Fool/Upsplash Taxreturns were due this year on April 15. But if you weren't ready with your 2023 return at that time, you hopefully requested an extension. Let's say you overpaid your taxes by $3,000 and file your taxes two months late. It amounts to 0.5%
Image source: Getty Images The 2024 tax season officially kicked off in late January. And 2023 returns are due on April 15 this year, which is the standard tax-filing deadline. Filing taxes can be complicated even when you're a regular old salaried employee. So do yourself a favor and get organized now.
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). Now it's being returned to you, without interest. Now it's being returned to you, without interest.
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.
Image source: The Motley Fool/Upsplash Do you have big dreams for your tax refund? According to IRS data, as of March 29, 2024, the average tax refund for 2024 was $3,050. There are many financial goals that you could devote that money to -- like emergency savings, paying off debt, or opening a CD. households.
Image source: Getty Images If you thought federal income taxes were complicated, wait till you see California. The Golden State is known for being a high-tax state with a progressive tax structure -- which means the more you earn, the more you pay. The top California state income tax bracket for 2023 is 12.3%.
Visa's business is resilient because it doesn't issue any cards or take on any debt. Those partners handle all the accounts and customer debt, while Visa only charges "swipe fees" of 1.5%-3.5% Chubb's core operating income per share (excluding any tax benefits) grew 30% in 2023 and 13% in 2024. of its portfolio.
Image source: Getty Images Getting a tax refund isn't a given. Some people submit their taxes only to see that they owe money to the IRS rather than the other way around. Read more: we researched free tax software and put together a list of the best options here 1. So don't just stick that refund into savings and call it a day.
Image source: Getty Images At this point, many people have filed their taxes and are waiting for their refunds to hit their bank accounts. So if you're in a similar situation, do not put your tax refund into a CD, where you'll risk a penalty for withdrawing your money before your CD matures. But is that a good idea?
Image source: Getty Images At this point, a lot of people have already submitted their taxreturns to the IRS. In fact, as of early March, the IRS had already received upward of 54 million returns. But taxreturns aren't due this year until April 15. The same holds true for taxes. A smaller tax refund.
So far, these seven high-return, low-risk investments make the most sense to me. For example, a money market fund might invest in municipal debt, corporate bonds, or Treasury bills. There are two types of annuities: income annuities and tax-deferred annuities. Treasury bonds A Treasury bond is a form of government debt.
Image source: The Motley Fool/Upsplash The majority of Americans will have their annual taxreturn filed in a little over a month, and many are waiting for a refund. Before you book a vacation or buy a new wardrobe, though, take a look at some of the more underrated uses for tax refund dollars. You'll be more comfortable.
Image source: Getty Images Retirement is supposed to be the golden age of kicking back with a lemonade (or something stronger) on the porch, not dodging calls from debt collectors, or crying into your monthly budget. But adults between the ages of 65 and 74 have an average debt of $134,950. Other debts: To pay or not to pay?
However, due to the $6 billion in long-term debt it took on to fund that purchase, the market has taken a cautious view toward Nasdaq's stock, and it remains below its pre-acquisition announcement price. Armed with this growing FCF creation, management aims to lower Nasdaq's debt load from 4.3 With its $10.5 times within three years.
The 10 stocks that made the cut could produce monster returns in the coming years. The Stock Advisor service has more than quadrupled the return of S&P 500 since 2002*. See the 10 stocks *Stock Advisor returns as of December 16, 2024 All these references are non-GAAP financial measures defined in our earnings press release.
And many of the biggest companies in the industry are happy to return that cash to shareholders. But one of its biggest competitors has returned even more cash to shareholders. T-Mobile (NASDAQ: TMUS) returned a total of $11.8 Share repurchases, on the other hand, are an indirect way to return cash to shareholders.
This is especially true for tackling one of the most common challenges we face: managing our debts. Let's face it, debt can sometimes feel like a never-ending spiral, but it doesn't have to be that way. With a little bit of strategy and a lot of determination, reducing debt is not just a dream -- it's a goal we can achieve.
The 10 stocks that made the cut could produce monster returns in the coming years. The Stock Advisor service has more than quadrupled the return of S&P 500 since 2002*. See the 10 stocks » *Stock Advisor returns as of November 4, 2024 During the call this morning, we may make various forward-looking statements.
The 10 stocks that made the cut could produce monster returns in the coming years. The Stock Advisor service has more than quadrupled the return of S&P 500 since 2002*. The non-GAAP tax rate for the quarter was actually 20.1%, which is higher than my 19% guidance. Consider when Nvidia made this list on April 15, 2005.
Learn more *Stock Advisor returns as of February 3, 2025 During the call this morning, we may make various forward-looking statements. We continued our impressive debt reduction journey in 2024 as well, ending the year with $790 million in holding company debt, down from $4.2
After staring at the brink of bankruptcy, a debt restructuring deal rescued the stock. The company has now reported an earnings before interest, taxes, depreciation, and amortization ( EBITDA ) profit and positive net income for each of the first two quarters in 2024. Also, most of that debt has interest rates between 12% and 14%.
While still generating positive returns for investors, longtime competitors Coca-Cola (NYSE: KO) and PepsiCo (NASDAQ: PEP) have underperformed the market benchmark S&P 500 over the past five and 10 years. Another factor contributing to PepsiCo's lower market capitalization is its higher debt burden. billion net debt.
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.
Selling your investments can not only lock in any potential losses, but it could also come with hefty taxes or fees. Even if you're only investing through a company 401(k) or IRA , withdrawing your savings before age 59 1/2 could result in a 10% penalty and income taxes on the amount you withdraw.
Over the last 20 years, Chipotle stock has put up monster returns. Posting a total return level of 7,000% since its initial public offering (IPO), the stock has crushed the S&P 500 's 459% return over that same time frame. So, what restaurant is the next Chipotle? I think a fantastic candidate is Portillo's (NASDAQ: PTLO).
Sign Up For Free Rapidly repaying debt Occidental Petroleum made a needle-moving acquisition last year, closing its $12 billion purchase of CrownRock. The only concern was the debt it took on to close the deal. billion of existing debt and issued $9.1 billion of new debt to fund the purchase. Start Your Mornings Smarter!
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. Pay down debt : Pay more than the minimum balance on your credit cards, and see if you can negotiate a lower interest rate.
The stock market could make more financial sense Generally speaking, if you're investing for a future that's still a few decades away, you're going to get better long-term returns from the stock market than CDs. Over the last 50 years, the stock market has averaged annual returns of roughly 10%. This is where CDs really shine.
The remaining 70% stake in DIRECTV has been generating dividends for AT&T, but it also locked up capital that could have been used to pay down debt to invest in the wireless or fiber networks. billion in pre-tax quarterly distributions. The 10 stocks that made the cut could produce monster returns in the coming years.
Carrying credit card debt High-interest credit card debt can be an easy trap to fall into, especially if you're struggling to make ends meet. Financially literate people know how easily debt can pile up when you're paying 20% interest. That $100 purchase can turn into thousands in credit card debt over time.
billion in consolidated debt and only $12.6 billion in earnings before interest, taxes, depreciation, and amortization ( EBITDA ), and $31.3 billion in net debt in 2026. The 10 stocks that made the cut could produce monster returns in the coming years. The company ended the second quarter with $57.9 billion penciled in.
Guidance for fourth-quarter adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) of $114 million came in below analyst expectations of $116 million based on net yield growth guidance of 5% compared with last year, which management says was very strong. The large debt is the hole in the Carnival investment thesis.
It's trading for 26 times trailing earnings, and given its debt-bloated balance sheet, that multiple jumps to nearly 60 if you swap out market cap for enterprise value as the numerator. Carnival and its peers had to load up on debt at high rates or sell new shares at low prices to stay afloat. cruise was able to set sail.
billion in borrowings after paying back another $323 million of debt. Its debt-to-EBITDA (earnings before interest, taxes, depreciation and amortization) multiple is a reasonable 1.4, Learn more *Stock Advisor returns as of February 3, 2025 Rick Munarriz has positions in Crocs.
billion after-tax goodwill write-down of its VillageMD investment in an admission that it greatly overpaid for the business. billion in net debt, not including operating leases, an ill-advised investment was not a good use of cash. The latter metric takes into account its net debt and takes out non-cash items.
The 10 stocks that made the cut could produce monster returns in the coming years. The Stock Advisor service has more than quadrupled the return of S&P 500 since 2002*. debt to total capital ratio. This enabled Lennar to acquire with a limited investment and producing a high return enabled by the Millrose platform.
You might also choose the wrong account in which to save for retirement and forgo tax savings in the process. Traditional IRAs and 401(k) plans give you tax-free contributions and tax-deferred gains. Roth IRAs and 401(k)s give you tax-free gains and withdrawals. Image source: Getty Images. That's more than 4.5
For its smokeable segment, revenue net of exercise taxes rose 1.2% Revenue net of excise taxes in its oral products segment, meanwhile, rose 5.8% Overall revenue net of excise taxes rose 1.3% It ended the quarter with net debt of $23.3 Its debt-to- EBITDA leverage is in good shape at 2.1 Cigar volumes fell 1.6%.
Coca-Cola is shareholder-friendly Berkshire Hathaway's investment illustrates that Coca-Cola is dedicated to returning capital to shareholders. And management has lowered the company's outstanding share count by 16% since 1994, which, as exemplified in Berkshire's case, is a tax-efficient way of increasing a shareholder's ownership stake.
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.
The LP has delivered an average return on invested capital (ROIC) of 12% over the last 10 years. Servicing debt shouldn't disrupt Enterprise Products Partners' distribution payouts either. The company manages its debt well. And it's the only midstream debt issuer with an A- credit rating. Its units trade at 10.9
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.
Featured offer: save money while you pay off debt with one of these top-rated balance transfer credit cards With these CDs, your rate is only guaranteed for a short time, referred to as the call protection period. CD returns are lower than what you can get from other investments Some people open CDs because they want a safe investment.
Saving tends to be low risk, but also generates relatively low returns. It carries more risk, because markets can rise or fall and the returns are not predictable. However, historically, stock market investments generate higher returns than savings. You might hope for an average return of 8% from the S&P 500. Even better?
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