The Motley Fool
AUGUST 31, 2024
The only thing that would make this moment better is if you didn't have to pay taxes on your CD earnings. Depending on your tax rate, that could cut out a sizable portion of your earnings. But not all CD holders will pay taxes on their interest. But if it's not used for a qualified medical expense, you'll pay a penalty tax.
The Motley Fool
FEBRUARY 24, 2024
Image source: Getty Images The costs of higher education are a major pain point for students and young workers. The IRS offers education tax credits that can reduce the amount you owe in income taxes if you paid for higher education throughout the year. This is a partially refundable tax credit. during 2023.
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The Motley Fool
FEBRUARY 28, 2024
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.
The Motley Fool
MARCH 17, 2024
Image source: Getty Images Ah, New York, the Empire State: home to the Big Apple, cascading waterfalls, and, not so proudly, some of the highest taxes in the nation. Whether you're a city slicker dodging taxis or a country dweller enjoying the serene landscapes, one thing unites all New Yorkers: the quest to lower that pesky tax bill.
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.
The Motley Fool
DECEMBER 11, 2023
states still impose taxes on them even though they're necessary personal care items. If you get a period and live in a state that charges this tax, you can expect to pay more at checkout. But some relief is here thanks to the Tampon Tax Back Coalition. You can get your tampon tax money returned after filing a claim online.
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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