5 tax and investment changes that could boost your finances in 2023 amid economic uncertainty
1. Bigger contribution limits on retirement accounts If you’re eager to boost your retirement savings, there’s good news for 2023: …
Tax planning
What to know about the latest 1099-K tax reporting change for Venmo, PayPal
Hispanolistic | E+ | Getty Images If you’re worried about getting a tax form from payment apps like Venmo or …
You may get a 1099-K for Venmo and PayPal payments. Here’s how to prepare — and shrink your tax bill
Charday Penn | E+ | Getty Images If you’ve accepted payments via apps such as Venmo or PayPal in 2022, …
Here are some things to think about before deciding to retire in another state
Itsskin | E+ | Getty Images Thinking about retiring to another state? You’re not alone. A United Van Lines study …
Tax ‘refunds may be smaller in 2023,’ warns IRS. Here’s why
If you’re expecting a tax refund in 2023, it may be smaller than this year’s payment, according to the IRS. …
If you’re still missing your tax refund, you’ll soon receive 7% interest from the IRS — but it’s taxable
Bill Oxford | E+ | Getty Images If your tax refund is still in limbo, there’s good news: Your balance …
Here are 4 ways to take advantage of your health-care expenses before the end of the year
ronnachaipark | iStock | Getty Images Health-care expenses can often be unpredictable and unwelcome. However, depending on your situation, there …
Biden names pick for new IRS head as agency plans for $80 billion funding, wrestles with backlog
The Internal Revenue Service building in Washington. SAUL LOEB/AFP via Getty Images New role a ‘challenging assignment,’ former IRS commissioner …
Op-ed: Here’s a year-end checklist to help you navigate some complicated financial issues
Westend61 | Westend61 | Getty Images The end of the year is one of the most important times for investors …
Op-ed: Here are 3 year-end strategies for high-net-worth families to consider
Damon_moss | Istock | Getty Images This has been a year of opportunity for investors who took to heart the …
5 key personal finance issues this midterm election season — and what they mean for your wallet
As Americans head to the polls, several key personal finance issues are weighing on voters’ minds and wallets. This week, …
This individual retirement account deduction mistake may derail your tax break
dowell | Moment | Getty Images As the year-end approaches, you may be looking for ways to lower your 2022 …
‘Millionaire tax’ plans are on the ballot in California and Massachusetts. Here’s what that means for taxpayers
How states plan to spend ‘millionaire tax’ revenue While the proposed taxes sound similar, there are differences in how each …
IRS ‘fully committed’ to better customer service as agency hires 4,000 new workers
Charles Rettig, IRS Commissioner, testifies during the Senate Finance Committee hearing in Washington, D.C., June 8, 2021. Tom Williams | …
If you’re planning on tax-loss harvesting, here’s the first number advisors say you should know
Terry Vine | Getty Images There are few bright spots for investors in a down market. But tax-loss harvesting, which …
Here’s how much you can earn and still pay 0% capital gains taxes in 2023
If you’re planning to sell investments or rebalance your taxable portfolio, you may be less likely to trigger a tax …
The best year-end tax strategies from top-ranked advisors – including a ‘once in a multiple-decade opportunity’
Tetra Images | Tetra images | Getty Images After several months of soaring inflation, stock market volatility and interest rate …
These are common (and costly) Roth IRA conversion mistakes. Here’s how to avoid them
Ridofranz | Istock | Getty Images Roth individual retirement account conversions may be alluring when the stock market dips. But …
Here’s how uber-rich pass wealth to heirs tax-free when markets are down
Brand New Images | Stone | Getty Images A lousy stock market is often no reason for investors to cheer. …
Here’s how to pay 0% capital gains taxes with a six-figure income
Luminola | E+ | Getty Images It’s natural to fixate on portfolio losses, especially with the S&P 500 down more …