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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. tax return every year. Image source: Getty Images 1.
The Motley Fool
MARCH 18, 2024
Image source: Getty Images Filing your taxes can be stressful enough on your own, and filing with a spouse adds an extra layer of complexity to the process. Thankfully, there are many benefits to filing your taxes as a married couple, including deductions and credits that can be exclusive to married couples filing their taxes jointly.
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The Motley Fool
SEPTEMBER 18, 2023
And because I'm self-employed, I'm on the hook for more Social Security taxes than people who work for an employer, since they split that burden evenly. Read more: we researched free tax software and put together a list of the best options here As such, I try to take advantage of every opportunity to lower my tax bill -- legally, of course.
The Motley Fool
JANUARY 30, 2024
Image source: Getty Images Millions of tax filers received a tax refund from the IRS in 2023. If you typically get a refund when you file your taxes , you may be anticipating a repeat situation this season. But if you earned a lot of money in interest in 2023, you may be in for a rude awakening this tax season.
The Motley Fool
JANUARY 18, 2024
Good news: The IRS gives parents a nice tax break each year called the Child Tax Credit. For most families, this results in a $2,000-per-child reduction in taxes. A family with two children would get $4,000 subtracted from their tax bill when they file their tax return. citizen, U.S.
The Motley Fool
DECEMBER 6, 2023
After all, you can't simply drive your old car to your favorite charitable organization, hand your keys over to a staff member, and take a tax deduction. You don't legally have to do this, but until someone else is listed on the title, the vehicle is your responsibility. We'll go through the latter in a bit. Should you donate your car?
The Motley Fool
MARCH 31, 2024
income taxes. Although in most cases, a refund simply represents a repayment of previously overpaid taxes, it still feels nice to get that cash back. Of course, one of the only things better than getting a windfall of cash is successfully investing that cash in ways to potentially provide solid long-term returns.
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