One of the issues acknowledged when it comes to low- and moderate-income workers is the fact that it can be difficult to set aside money for the future. In order to help encourage workers to set aside money for retirement, the government offers a saver’s tax credit.
One of the more interesting things to follow is to see what people are willing to pay for through taxes.
Many people think that taxes comprise their federal income taxes and state taxes. Others remember that they pay sales taxes as well. However, the vast majority of consumers probably don’t think about the other taxes that they are paying on a regular basis. Among those taxes are those charged as part of your wireless bill.
There’s a lot of debate going on right now with regard to taxes. We often think of Americans as not willing to accept higher taxes, but there are some cases in which Americans -- even conservatives -- are willing to accept higher taxes in some cases. One of those cases is in the area of Social Security.
It’s a busy time of year for the IRS. This is usually when the IRS releases information about tax brackets, as well as changes to retirement account contributions, as well as what constitutes the standard deduction.
You probably know that you can get a tax break when you donate to certain causes. You can even donate a stock or other asset to charity and get a tax deduction. However, it’s possible to go beyond just giving an asset and being done. The tax benefits associated with donor-advised funds are allowing them to increase in popularity.
My husband is a huge Yankees fan. We’d follow the baseball season obsessively no matter what, but this year has been “special” because Derek Jeter is finally calling it quits and retiring, at the age of 40, as the Captain of the team. We’ve had fun watching the commercials saluting him, and enjoyed watching different teams present him with personalized and sometimes-funny gifts.
In general, debt is often discouraged in our society. However, there are some types of debt that the government partially subsidizes as a way to encourage financial moves that are deemed beneficial to society. One of those types of debt is student loan debt.
This is the time of year that details of a new budget for the coming fiscal year are revealed. President Obama is making his 2015 budget proposal, and some of the potential changes could impact Roth IRA accounts.
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