Tag: Taxes
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Chapter 43: Peak Tax Season
Tax Day is April 15th. The IRS offers free online filing resources. Low-income, disabled, and limited English speakers can get free tax help. If you can’t pay, request an extension before April 15th or consider payment plans.
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Chapter 40: Tax Loss Harvesting
During tax season, it’s nice to harvest capital losses to reduce taxable income. You can still claim losses with a standard deduction and benefit from lowering your tax burden. Timing and strategy are key for maximizing this opportunity.
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Chapter 39: Tax Refund
The chapter explains tax refunds, overpayments, underpayments, and the importance of managing tax withholdings. It emphasizes adjusting W-4 forms to avoid overpaying and the significance of keeping a close eye on tax liabilities.
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Chapter 22: Renting Vs. Buying
Thinking of buying a home? Renting vs. buying can be a big deal for some people, especially with your home being your biggest expense. The no. 1 argument for buying is building equity and not paying someone else for the right to live somewhere. Although true this equity can be easily wiped out with one…
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Chapter 18: 401(k), IRA vs ROTH IRA
The difference between an IRA and a ROTH IRA can be confusing for some. In this chapter I will explain the key differences between the two retirement accounts and their key advantages. “Do I need to have both accounts?” I would recommend having both but again this depends on your circumstances. An IRA and a…
Money Ain't Sh*t 