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I Won the Lottery! How Bad Are Taxes Going to Be?
SmartAsset via Yahoo Finance· 6 hours 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...
Beware the retirement savings 'time bomb,' tax expert warns
Yahoo Finance· 2 days agoOnce you're in RMD territory, you must take that RMD, and that...). Give the charity your taxable...
You Bought Gold at Costco. What Are the Taxes When You Sell It?
The Wall Street Journal· 5 days agoGold is glittering. Many buyers don’t know or care about taxes on gold sales, because they see their...
LETTER: Trump tax cuts by the numbers
Las Vegas Review-Journal· 2 days agoTrump left office. Income data published by the IRS clearly shows that, on average, all income brackets — not just the top 1 percent — benefited...
Individual retirement accounts
InvestmentNews· 1 day agoUnfortunately, that can also be true for paying taxes on retirement distributions. This goes for those with 401(k)s (and other company plans) and IRAs,...
Tax Breaks: Tax And Financial Literacy Matters
Forbes· 4 days agoThere are a lot of factors to consider, including whether an LLC or an S Corp will enable the creator to benefit from savings on federal income tax...
Gov. Josh Green signs largest tax cut bill in Hawaii's history
KITV Honolulu· 1 day agoHawaii is going from one of the highest-taxed states in the country to one of the lowest. On Monday,...
Roth in Reality | PLANADVISER
PLANADVISER· 2 days agoPlan advisers and sponsors facing implementation of new rules outlined in the SECURE 2.0 Act of 2022 are up for a challenge— and experts say they’ll need further guidance from the IRS ...
Capitol Notebook: New study touts benefits of Iowa tax cuts
Quad-City Times· 1 day agoA study from a pro-business think tank says Iowa’s state income tax cuts will create an estimated...
Can I Deduct My 401(k) Contributions From My Taxes?
SmartAsset via Yahoo Finance· 5 days agoPlanning for retirement requires us to consider not only how to build wealth but how to protect it. Employers offer 401(k)s to address the first need,...