One way to reduce taxes and build for your future is to put money into retirement accounts. Most people may be familiar with regular retirement accounts like IRA, Roth IRA, and 401(k) . Regular retirement accounts are usually open with financial institutions or banks. Once the account is open, there is a list of mutual […]
Hidden Strategies to Maximize Your Retirement That You May Not Know Read More »
This post provides strategies for avoiding underpayment penalties for estimated tax including increasing withholding and IRA distributing. The post also explains the method that yields the smallest required payment for each quarter.
Strategies for Avoiding Underpayment Penalties for Estimated Tax Read More »
This blog post will focus on the tax-efficient strategies on the federal income tax for investments including stocks, bonds, and rental investments. Understanding tax implication will have a big impact on the return on investments (ROI) Types of Investment Income Before going to the details of tax-efficient strategies, taxpayers should understand the types of
Tax-Efficient Strategies for Investments to Consider Read More »
There is a misconception about the tax strategy for 2nd or rental homes. Tax payer can move to rental home, live in it for two years before selling it in order to get full exclusion for the gain of $250,000 for single filer or $500,000 for married jointly couple. Reducing the capital gain tax on
How to Reduce Capital Gain Tax on The Sale of The Second and Rental Homes. Read More »
