High State Income Taxes: The Ugly, the Bad, and the Good
Last year, I paid six figures worth of state taxes. How can I justify continuing to live in this state when it costs so much money to do so?
Last year, I paid six figures worth of state taxes. How can I justify continuing to live in this state when it costs so much money to do so?
Successful investors will take advantage of tax-free investments to lower their tax burden but should take care not to sacrifice higher returns in doing so.
Answering reader questions about tax liability in retirement, Social Security tax limits, tax-gain harvesting in UGMA accounts, and whether it is important to do estate planning to avoid probate.
Do you know the difference between tax avoidance and tax evasion? Here's how to avoid frivolous tax arguments that may land you in jail.
Joined by tax guru Alexis Gallati, we have another Friends of WCI episode, where we answer questions about the benefits of hiring your spouse and children, the tax implications of hiring a nanny, and tax considerations in a low-income earning year.
Raising children is ultra-expensive, but there are ways that your kids can save you money when you're paying your income taxes.
It can be pretty amazing how much income one can have in retirement while paying very little tax at all. Here are 16 examples.
Having to divert many of your financial resources to your special needs children can be impactful. Here are some tips to save money on taxes.
Here's what you need to know about the kiddie tax, how to figure out how much it'll cost, and whether it's required for you to pay.
Let's review tax reduction strategies that can help you minimize your tax burden and keep you in a lower tax bracket.
Understanding the various types of income is a key aspect of financial literacy. Here's what to know about taxable income, AGI, and MAGI.
If you're a self-employed worker setting up a solo 401(k), you might be leaving money on the table if you don't know about this tax credit.
Looking for ways to legally lower your taxes? Check out these 20 strategies that should effectively decrease your tax bill.
Want a massive tax break? Retire early. Retirement income receives much better tax treatment than earned income.
Some high earners end up in the 0% long term capital gains bracket. Don't scoff and assume this post does not and never will apply to you.