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I Won the Lottery! How Bad Are Taxes Going to Be?
SmartAsset via Yahoo Finance· 4 days agoBefore you see a dollar of lottery winnings, the IRS will take 25%. Up to an additional 13% could be withheld in state and local taxes, depending on...
10 Genius Ways To Reduce Your Retirement Taxes
GoBankingRates via AOL· 4 days agoThough taxes might not be the first thing you think of when it comes to how you want to spend money in retirement, planning strategically can mean more...
JD Supra: Now That We’ve Seen the Eclipse, It’s Time To Plan for the TCJA Sunset
JD Supra· 4 days agoWhile the TCJA made some permanent tax cuts, a number of tax cuts and deduction limitations will sunset at the end of 2025 and revert to pre-TCJA levels ...
Capitol Notebook: New study touts benefits of Iowa tax cuts
Quad-City Times· 5 days agoThe measure, Senate File 2442, accelerates and further lowers previously planned income tax cuts...
Sweeping Hawaii income tax relief becomes law
Honolulu Star-Advertiser· 5 days agoHawaii is now on a path to go from being almost the most burdensome state for income taxes to one of the least. Gov. Josh Green signed a bill into law...
How yesterday’s giveaways led to today’s deficits
The Hill· 2 days agoThe answer: They were largely built in through mandatory spending legislation, mainly Social Security and healthcare, enacted before this century began....
Bolster your portfolio’s income like a pro with these strategies
CNBC· 3 days agoInvestors searching for income have a lot of options in this environment. The Federal Reserve's rate...
The 4 Smartest Places to Put Your Money in June 2024
The Motley Fool via AOL· 2 days agoLet's say you're in the 22% tax bracket based on your income and put $5,000 into an IRA in 2024. That amounts to $1,110 in tax savings ...
Trump vs. Biden: 5 Ways the Next Election Could Impact Long-Term Finances for Gen Z
GOBankingRates via Yahoo Finance· 3 days agoPresident Joe Biden and former President Donald Trump have publicly supported very different...
Americans Have More Investment Income Than Ever Before
The Wall Street Journal· 3 days agoThe economy’s charge through higher interest rates is putting unprecedented sums into consumers’...