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Taxes

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What Is Standard Tax Deduction?

by Roger Wohlner
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Updated on March 7, 2023
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4 Min Read
The standard tax deduction offers all taxpayers a reduction to their taxable income regardless of their income level based on their filing status.
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Are Property Taxes Included in Mortgage?

by Aja McClanahan
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Updated on March 7, 2023
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3 Min Read
Property taxes may be included in your mortgage payment or you may choose to pay them separately. Learn more about your property taxes and your mortgage.
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10 Most Tax Friendly States to Retire

by Jennifer G Gregory
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Updated on January 13, 2022
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5 Min Read
When choosing a place to retire, state taxes should be a top consideration and can make a difference in your lifestyle. Find out what states are the most tax friendly for retirees.
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What Is a Tax Liability?

by Chris Muller
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Updated on January 13, 2022
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6 Min Read
A tax liability is the amount of tax an individual or corporation owes the IRS or the state taxing authority. The debt includes short-term liabilities that people must pay within a year.
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What Is Tax-Loss Harvesting?

by Aaron Hurd
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Updated on October 13, 2022
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5 Min Read
Tax-loss harvesting is a strategy that many investors use to offset the capital gains taxes that they may owe when they sell appreciated securities. Here’s an overview of tax-loss harvesting.
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How to Avoid Taxes on Your RMD

by Roger Wohlner
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Updated on January 27, 2022
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7 Min Read
RMDs are the cost of the tax benefits you get by using a tax-advantaged retirement account to save for retirement. While there is no way to totally avoid taxes on RMDs in one form or another, there are strategies to reduce or defer these taxes that you can consider.
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What Is Imputed Income?

by Aaron Hurd
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Updated on July 28, 2022
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2 Min Read
This article discusses what imputed income is, how it is related to fringe benefits and which benefits are typically excluded from imputed income calculations.
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Gift Tax Guide

by Jen Smith
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Updated on January 13, 2022
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4 Min Read
If you’re looking to leave your estate to heirs either while you’re still around or even if you want to wait until you pass, you’re going to want to familiarise yourself with gift tax.
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Inheritance Tax Guide

by Jen Smith
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Updated on January 13, 2022
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3 Min Read
Inheritance tax is important to know if you live in certain states and plan on leaving your estate to loved ones, especially outside your immediate family.
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