The Sec. 199A deduction is still a little confusing but has become much more clear over the last year. Here are 11 tips to help you understand the new law and maximize the size of your deduction so you aren't leaving money on the table.
Tax-loss harvesting is when Uncle Sam shares your losses with you. You only get to do it in a taxable account, but because of it, there is no reason to ever carry a loss in a taxable account.
Do you know your tax drag? Learn what tax drag is, how to calculate it, and how to minimize it.
PIMD shows that state taxes DO matter, especially if you are going for early financial independence.
A doctor can expect to pay between 15-37% tax on long-term capital gains & qualified dividends in her taxable account. Physician on Fire thinks you should have a strategy in place to reduce or completely eliminate those taxes.
There is a Tax Industrial Complex out there, and it is lying to you. Here are the 8 most common lies.
While being overconfident is obviously a bad thing, being underconfident can be an expensive mistake too. Get a grip on yourself and realize that you know a lot more than you think.
Whitney learns that she overpaid her taxes, that she is not actually self-employed, and how to file an amended tax return
Taxes can be ridiculously low for early retirees who understand the tax code. In fact, a $0 tax bill on over $100K in spending money is entirely possible.
Whitney had to pay taxes this year for the first time. So I figured she should do her own taxes. And that she should write a post about it. Don't worry, she was well-paid to do so.
Want a massive tax break? Retire early. Retirement income receives much better tax treatment than earned income.
I paid a lot of taxes for 2016. But the IRS, Turbotax, and a knowledge of the tax code at least helped minimize the amount of time I had to spend doing so.
Johanna Fox Turner discusses whether or not you need a professional tax preparer and, if you do, provides a four step process to help you find that person.
Tax strategists do more than prepare returns. They help you to change your financial life in ways that lower your tax burden. Here's what happened when I met with one.
Schedule A is no big deal, unless you've never done it before. But understanding it goes a long way toward understanding our tax code.
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