The Motley Fool

APRIL 7, 2024

Image source: Getty Images Tax season can be a time of great trepidation for Americans, especially if you owe money to the IRS. Filing taxes can sometimes feel intimidating. No one wants to get hit with an unexpected tax bill, especially if you had big plans for a tax refund. You don't have to go it alone.

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The Motley Fool

APRIL 9, 2024

Image source: The Motley Fool/Upsplash Unless you're a giant corporation who can loop every hole, your business is going to need to pay taxes. Indeed, you're going to need to pay them multiple times a year thanks to quarterly estimated tax requirements. When it's time to pay those taxes, consider how you'll pay.

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The Motley Fool

JANUARY 16, 2024

The larger your combined income , the more likely your Social Security benefit will be taxed. If that combined income passes a key threshold based on your tax filing status, then up to 50% your Social Security benefit can be taxed. If it passes another threshold, then up to 85% of your Social Security benefit can be taxed.

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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.

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The Motley Fool

MARCH 30, 2024

Image source: The Motley Fool/Upsplash Tax season doesn't have to be stressful and time-consuming. With tax software and other affordable tax filing options, many Americans can file taxes more quickly than ever before. Let's look at a few findings from the LoopMe 2024 Consumer Snapshot: Tax Season Insights.

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The Motley Fool

SEPTEMBER 4, 2024

It's a byproduct of millions of people paying Social Security payroll taxes throughout their careers. Not everyone has to pay these taxes, however; some workers are exempt. How Social Security taxes work Social Security payroll taxes are collected under the Federal Insurance Contributions Act ( FICA ).

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The Motley Fool

OCTOBER 27, 2024

Unfortunately, like other forms of income, Social Security benefits are subject to tax rules. Most retirees can avoid Social Security state taxes The good news about Social Security taxes is that most states do not tax Social Security benefits. The IRS uses your "combined income" to calculate your tax bill.

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The Motley Fool

JANUARY 21, 2024

Social Security is an essential part of millions of Americans' retirement finances. After years of paying Social Security taxes, retirement is a time to reap the benefits with a consistent income source after you're done working. The good news is that most states don't tax Social Security benefits. Image source: Getty Images.

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The Motley Fool

JANUARY 23, 2025

Marcos Gabriel -- Senior Vice President, Global Finance and Capital Markets Thank you, Brendan, and good morning, everyone. Our fourth quarter adjusted effective tax rate was 25.4%, compared to 22.3% This decrease was primarily due to the unfavorable tax rate, as well as the increase in SG&A that I mentioned earlier.

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Private Equity Insights

MARCH 19, 2025

The transaction includes debt financing from CIC Ouest and Caisse Rgionale Crdit Mutuel Loire-Atlantique Centre Ouest, alongside participation from Caisse Rgionale de Crdit Agricole Mutuel Atlantique Vende and Caisse d’Epargne et de Prvoyance Bretagne Pays de Loire.

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The Motley Fool

MAY 4, 2024

There seems to be something about living together as a couple, combining two incomes and other resources, and enjoying some unique tax benefits , that can make marriage a good way to build wealth. This doesn't mean that everyone should marry for the benefit of their finances. But being married can provide some indirect tax advantages.

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The Motley Fool

APRIL 15, 2024

Image source: The Motley Fool/Upsplash I'm a longtime customer of Mint, the personal finance app that was formerly part of Intuit. Mint was the perfect solution to track my business expenses and my personal finances. This felt frustrating, especially since tax season was approaching. Because, as a freelancer, I loved Mint!

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The Motley Fool

JUNE 16, 2024

So, retiring overseas might sound like a dream come true -- think sunny beaches, quaint European villages, or scenic Asian cities that are better for your personal finances. Taxes You may still have to pay U.S. taxes on your income, even if you live abroad. It's essential to understand the tax treaties between the U.S.

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Private Equity Wire

DECEMBER 24, 2024

Wingstop UK has sold a majority stake in its business to the US-based private equity firm Sixth Street, according to a report by Yahoo Finance. in revenue for the year ending 31 March 2024, and recording a pre-tax profit of 3.5m. Recently, it was revealed that Wingstop more than doubled its sales over the past year, generating 84.6m

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The Motley Fool

APRIL 20, 2024

Which category your property falls into can have major implications when it comes to obtaining a mortgage, as well as when filing your tax return each year. If you plan on buying a home and using it as a long-term rental property, it is an investment property and must be treated as such for financing purposes. What is right for you?

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The Motley Fool

OCTOBER 13, 2024

74% of people felt less stressed using a financial advisor An Edelman Financial Engines survey found that 74% of people say they feel less stressed about their finances because they work with a financial professional. The biggest stressors for Americans right now are inflation, the economy, and personal finances.

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The Motley Fool

JULY 13, 2024

That means not carrying credit card debt from month to month or financing a new boat, ATV, or vacation whenever the whim strikes. They take advantage of tax deductions Millionaires have learned that minimizing their tax liability is an overall strategy for protecting their personal finances.

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The Motley Fool

SEPTEMBER 23, 2024

A recent survey from Origin, a personal finance platform, found that when people work with financial planners, they tend to get much richer. Financial planners can help drive big results in your personal finances. Origin's survey found that when people work with a financial planner, they often see gains in net worth of 50% or more.

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The Motley Fool

OCTOBER 28, 2024

To stay on top of your finances, aim to only spend what you can pay off at the end of the month whenever possible. To keep your finances on track, aim to have three to six months' worth of expenses set aside in a rainy day fund. Making small, consistent steps with your personal finances leads to big results over time.

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The Motley Fool

JUNE 25, 2024

Legislation passed in 1983 to shore up Social Security by gradually phasing in a later full retirement age to stabilize the program's finances. The maximum taxable income is increasing The last change involves the maximum Social Security taxes you'll pay. See, there's a cap on the amount of income taxed by Social Security.

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The Motley Fool

NOVEMBER 6, 2024

The tax-free growth and income you get to enjoy in retirement. You could withdraw that money during retirement without taxes chipping away at your portfolio. You'll just need to wait until you're 59 1/2 and meet the five-year rule to access those earnings tax-free. Its main appeal? Image source: Getty Images. The best part?

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The Motley Fool

MAY 5, 2024

Image source: The Motley Fool/Upsplash The end of tax season is a good time to reflect on the value of professional tax help, especially for small business owners. I don't know why any small business owner would want to go through the hassle and stress of doing your own taxes.

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The Motley Fool

JULY 22, 2024

Take care of your small business taxes As soon as you start earning your first side hustle money, you need to start thinking about small business taxes. Here are three tax moves you should make as a side hustler. Get a high-yield savings account to keep your extra tax money in.

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The Motley Fool

AUGUST 24, 2024

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. Finally, you don't have to pay taxes on any withdrawals as long as you use them for health expenses.

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The Motley Fool

MAY 12, 2024

Each year, the Social Security Trustees release a report that reviews the state of the program's finances. The bad news: Benefit cuts may be coming Social Security gets most of its funding from taxing wages. Moving FRA back could help the program's finances, but it would also force a lot of people to work longer than they want to.

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Private Equity Wire

NOVEMBER 1, 2024

Rutherford has served extensively as a resource to portfolio companies on accounting, tax, and financing matters. Rutherford joins from Camden Partners, an enterprise software growth equity firm, where he was previously Chief Financial Officer and Chief Compliance Officer.

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The Motley Fool

APRIL 15, 2024

Experts often recommend the 50/30/20 rule , which says 50% of your after-tax income goes to needs, 30% to wants (non-essentials), and 20% goes to saving or paying off debt. Research from the University of Tennessee found that finances are a constant point of disagreement, even among happy people in happy relationships.

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The Motley Fool

AUGUST 20, 2024

Getting a mortgage on a $1 million home To finance a $1 million home, you may need a jumbo loan. These are loans that exceed the annual limits set by the Federal Housing Finance Agency (FHFA). In our calculations, let's assume that you make a 20% down payment on your million-dollar home and finance the remaining $800,000.

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The Motley Fool

MARCH 14, 2025

The aspects of mortgage financing, that is a business that Redfin has wanted to be in. The financing side of it is where Rocket has been traditionally quite good. In that sense, Dylan, yes, it makes a lot of sense because Redfin has been moving into mortgage financing, title, all of the things. This helps with things like taxes.

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The Motley Fool

APRIL 19, 2024

Image source: Upsplash/The Motley Fool Electric cars are the future, so I signed on to finance my 2021 Toyota Corolla Hybrid last month. True, EV tax credits can help buyers recoup the cost of buying some EVs. Instead, I financed my hybrid, a happy medium. Some plug-in hybrids qualify for $3,750 federal tax credits.

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The Motley Fool

JULY 2, 2024

It's easier to save and invest when your finances are in order. Here are a few things you can do to get your finances on track: Create a budget : Keep tabs on your income and expenses to make sure you're not living above your means.

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The Motley Fool

SEPTEMBER 28, 2024

Image source: Getty Images HSAs (health savings accounts) are the unsung hero of personal finances. These accounts allow people with qualifying high-deductible insurance plans to set aside $4,150 for single plans and $8,300 for families out of pre-tax dollars. Remember, HSA growth is tax free as long as it is used for medical expenses.

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The Motley Fool

MAY 19, 2024

An online accounting service It seems like every finance-related site wants you to connect your accounts to its platform these days. But having a reliable accounting service that tracks not only your income and expenses, but also provides you with estimated tax payment amounts for each quarter, is a must-have.

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The Motley Fool

SEPTEMBER 15, 2024

The financial state of Chipotle Chipotle has also moved to minimize disruption on the finance side of the business. Jack Hartung, the chief financial and administrative officer and president of strategy, finance, and supply chain, agreed to delay his retirement "indefinitely" to ensure a smooth transition.

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The Motley Fool

JULY 30, 2024

Taxes are another expense that reduces your earnings, especially if you're a freelance worker. Since you're a contractor or self-employed worker, you'll need to save for and pay your taxes. Keep your finances in mind No matter what type of business you run, keeping your finances in mind is a must.

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Financing Finance Taxes Accounting 246

The Motley Fool

NOVEMBER 24, 2024

There are two benefits to taking a close look at your finances. The other benefit of reviewing your finances is that it will give you an idea of how much life will cost in retirement. Make the most of tax-advantaged accounts Tax-advantaged accounts can make it a little easier to save for retirement.

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The Motley Fool

AUGUST 26, 2024

What the numbers say The Federal Reserve releases a Survey of Consumer Finances every few years that provides a detailed view of Americans' finances. And to that end, it pays to do a few key things: Live below your means Follow a detailed budget Invest in a tax-advantaged retirement account Let's break each action item down.

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