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.

Taxes 246

Taxes Education Depreciation Consultants 246

The Motley Fool

MARCH 7, 2024

Image source: Getty Images Tax season is here. You still have time to file your 2023 tax return. If you're worried about the cost of tax software , explore free and low-cost resources. Explore low-cost and free tax prep and filing options It's essential to file your federal tax return by the April deadline.

Taxes 246

Taxes Financing Finance Banks 246

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.

Taxes 261

Taxes Accounting Financing Finance 261

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 ).

Taxes 238

Taxes Accounting Financing Finance 238

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.

Taxes 245

Taxes Financing Finance 245

The Motley Fool

MARCH 17, 2024

Image source: The Motley Fool/Upsplash The majority of Americans will have their annual tax return 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.

Taxes 245

Taxes Debt Accounting Financing 245

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.

Financing 242

Financing Finance Taxes Accounting 242

The Motley Fool

OCTOBER 28, 2024

However, where you choose to live in retirement specifically can have a significant impact on your finances in your golden years, and taxes are a big reason why. states that don't tax retirement income. Nine states don't tax any income Why don't some states tax retirement income? There are 13 U.S. It rarely is.

Taxes 189

Taxes Financing Finance Accounting 189

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.

Taxes 254

Taxes Accounting Financing Finance 254

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.

Taxes 244

Taxes Financing Finance Accounting 244

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.

Stakes 162

Stakes Due Diligence Bidding Consultants 162

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!

Consultants 246

Consultants Taxes Consulting Financing 246

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.

Accounting 246

Accounting Taxes Legal Liabilities 246

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.

Legal 246

Legal Consultants Consulting Taxes 246

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

Stakes 98

Stakes Private Equity Firms Private Equity Firms Taxes 98

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?

Taxes 246

Taxes Exchange-Traded Funds Financing Finance 246

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.

Taxes 245

Taxes Consultants Consulting Bidding 245

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.

Financing 192

Financing Finance Taxes Capital 192

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.

Taxes 246

Taxes Financing Finance Accounting 246

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.

Taxes 245

Taxes Debt Depreciation Financing 245

The Motley Fool

APRIL 15, 2024

It can provide a financial safety net for retirees, but like most other streams of income, there are tax implications that come along with it. If you currently receive (or will soon receive) Social Security, knowing the tax rules and how they potentially impact your benefits is important. So, let's take a look.

Taxes 246

Taxes Financing Finance 246

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.

Accounting 245

Accounting Taxes Financing Finance 245

The Motley Fool

JUNE 27, 2024

You may not like seeing Social Security taxes being taken from your paychecks during your career, but there's comfort in knowing you'll reap some of the benefits on the backend in retirement. Unfortunately, like other forms of income, Social Security benefits may be subject to taxes. And in Utah, everyone pays a flat 4.55% tax.

Taxes 246

Taxes Financing Finance 246

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.

Debt 246

Debt Taxes Banks Financing 246

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?

Investing 242

Investing Financing Finance Taxes 242

The Motley Fool

JULY 13, 2024

Some well-known perks of contributing to a Roth IRA include tax-free growth and tax-free withdrawals during retirement. workers are unaware of a significant benefit that can help you during tax time: the Saver's Credit. For example, let's say you are a freelancer and didn't pay taxes during the year. Are 18 or older.

Taxes 246

Taxes Liabilities Accounting Financing 246

The Motley Fool

AUGUST 14, 2024

Getting your finances in order before you claim Social Security is essential if you want to get the most out of the government program. As a result, taxes on Social Security benefits are becoming harder and harder to avoid. If you're in the 22% tax bracket, you're effectively paying over $0.40 Image source: Getty Images.

Taxes 246

Taxes Accounting Assets Capital 246

The Motley Fool

MARCH 29, 2024

Paying taxes is the worst thing to happen to anyone ever" Taxes buy civilization. I'm grateful to pay taxes. I keep voting to raise my taxes, but no politician will. My income tax bill has never been a burden, because I only owe more tax if I make more money. Money can buy time, comfort, and peace of mind.

Taxes 246

Taxes Startups Education Financing 246

The Motley Fool

SEPTEMBER 14, 2024

These plans give you a tax break on contributions, thereby lowering your IRS burden in any year you make them. Plus, unlike a regular brokerage account, you don't pay taxes on investment gains year after year in an IRA or 401(k) plan. Rather, you're taxed at the time of your withdrawals, which delays the tax burden until retirement.

Taxes 240

Taxes Accounting Financing Finance 240

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.

Private Equity Firms 98

Private Equity Firms Private Equity Firms Taxes Financing 98

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.

Financing 246

Financing Finance Taxes Accounting 246

The Motley Fool

FEBRUARY 23, 2024

If you're considering taking a cruise this year, choosing one that offers exceptional value can be a smart move for your personal finances. Gratuities, taxes, and fees are extra. Gratuities, taxes, and fees are extra. Taxes and fees are extra. Gratuities, taxes, and fees are extra.

Taxes 246

Taxes Financing Finance Accounting 246

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.

Taxes 246

Taxes Financing Finance Debt 246

The Motley Fool

DECEMBER 11, 2023

Add in the cost of financing and auto insurance , and an electric vehicle can feel completely out of reach. Federal tax credits The federal government is offering a tax credit of up to $7,500 for those who purchase new, qualifying electric vehicles. In 2023, you have to wait until you file your tax return to get this credit.

Taxes 264

Taxes Financing Finance Accounting 264

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.

Accounting 234

Accounting Taxes Financing Finance 234

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.

Mutual Funds 246

Mutual Funds Debt Financing Finance 246

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.

Taxes 243

Taxes Financing Finance Accounting 243