Editor’s Note: Congratulations to P, Samantha, and Tabathia for winning this week’s contest! You don’t want to get your taxes wrong, but if your finances are fairly simple and you’re usually pretty organized, it’s pretty safe to file taxes on your own. Do you file your own taxes? What do…
Welcome to Wise Bread’s Best Money Tips Roundup! Today we found articles on tax secrets of the rich, ways to adopt a zero-waste lifestyle, and household chores you should outsource. Top 5 Articles 9 Tax Secrets of the Rich They Don’t Teach You Anywhere — Learn how to use income…
In 2017, the IRS received 152,235,000 tax returns — and of those returns, more than 73 percent were granted a refund. With the average refund last year standing at $2,895, you might think getting a windfall in the spring is a good thing. But rather than giving the government an…
The deadline to file your tax return is quickly approaching, so it’s a good idea to wrap things up and double check for any deductions or credits you might have missed. It’s extra important to pay close attention and make sure you’re getting the most of deductions this year. The…
A recurring question each tax season centers on financial gifts; what they are and how they are taxed. Gifting money, property, or valuables to your friends and loved ones can be complicated if your gift exceeds certain monetary limits. Once your gift has exceeded these limits, it becomes subject to…
President Trump recently announced new tariffs on imports of steel and aluminum, in a move that got mixed reviews from business and political leaders. The new tariffs would increase levies on aluminum by 10 percent and steel by 25 percent. There is much debate about the sensibility of these tariffs,…
Benjamin Franklin famously said, "In this world nothing can be certain, except death and taxes." What we can also be certain of is that strange, sometimes archaic taxes will always endure. For whatever reason, the following tax laws still exist, and they continue to bewilder the average taxpayer. (See also:…
Though it may seem unthinkable to U.S. citizens, there are many countries all over the world that offer residents the benefit of no, or very low, income taxes. But before you start packing your suitcase and heading overseas for a tax-free life, keep in mind that U.S. taxation is based…
Benjamin Franklin once famously said, "In this world, nothing can be said to be certain, except death and taxes." You might assume that by no longer living in the U.S. you’ve defied the tax half of this statement. That even if you have not yet cracked the secret to everlasting…
We often exaggerate the phrase, "My worst nightmare," but when it comes to getting audited, it’s true. Audits are many people’s worst nightmare — but they don’t automatically have to mean financial disaster. To help navigate the unwelcome process, consider these important steps to take as suggested by tax professionals….