Financial planning

This Top Money Pro Is Predicting Tax Hikes. Her Smartest Tips to Avoid a Big Bill.

This Top Money Pro Is Predicting Tax Hikes. Her Smartest Tips to Avoid a Big Bill.

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After more than two decades in the industry, Virgil Kahl still works 12-hour days, but she says time flies when you’re having fun. “Many people would consider that to be not a balanced life,” says Kahl, the president of $1.1 billion-asset Spring Ridge Financial Group, in Wyomissing, Pa. “It doesn’t really bother me.” Speaking with […]

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Here’s what investors should consider now that Series I bonds are paying 5.27%

Here’s what investors should consider now that Series I bonds are paying 5.27%

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Series I bonds are now paying 5.27% annual interest through April 2024, up from the 4.3% yearly rate offered since May. While the new rate is down significantly from the record 9.62% in May 2022, investors can now lock in a fixed rate of 1.3%, which may appeal to long-term investors. However, short-term investors should compare I bonds

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The tax-extension deadline is Oct. 16. Here are 3 things to know if you still haven’t filed

The tax-extension deadline is Oct. 16. Here are 3 things to know if you still haven’t filed

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There’s less than a week until the Oct. 16 tax-extension deadline for 2022 returns. If you miss the due date, the failure-to-file penalty is 5% of unpaid taxes for each month or part of month until filing, capped at 25%. “The best thing you can do to meet the extension deadline is to get organized,”

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IRS: Meet this Sept. 15 deadline to ‘avoid a surprise at tax time’

IRS: Meet this Sept. 15 deadline to ‘avoid a surprise at tax time’

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The third-quarter estimated tax deadline for 2023 is Sept. 15, and applies to income from self-employment, small businesses, investments, gig economy work and more. Typically, you need to make estimated payments if you’re expecting an annual tax liability of $1,000 or more. But you can avert an IRS penalty by paying the lesser of 90%

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More taxpayers will receive tax forms from apps like Venmo, PayPal for 2023. Here’s how to avoid tax issues

More taxpayers will receive tax forms from apps like Venmo, PayPal for 2023. Here’s how to avoid tax issues

Tax Forms /

There’s been lingering confusion about tax reporting for peer-to-peer payment, or P2P, apps like Venmo and PayPal. Next tax season, more filers are expected to receive Form 1099-K, which reports third-party business payments to the IRS, because the income threshold drops down to $600. Taxpayers can be proactive by tracking transactions and planning for their

More taxpayers will receive tax forms from apps like Venmo, PayPal for 2023. Here’s how to avoid tax issues Read More »

Tips for American expats from a financial advisor who helps clients move abroad

Tips for American expats from a financial advisor who helps clients move abroad

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If you’re ready to move abroad to work or retire, there are a few things to know, according to certified financial planner Jude Boudreaux, a member of CNBC’s Financial Advisor Council. Roughly 9 million U.S. citizens were living abroad in 2020, according to estimates from the U.S. Department of State.  Chuyn | Istock | Getty

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There’s still time to reduce your 2022 tax bill with these last-minute moves

There’s still time to reduce your 2022 tax bill with these last-minute moves

Tax Forms /

There’s still time to reduce your tax bill or boost your refund for 2022, according to financial experts. You may consider tax-loss harvesting, Roth conversions or charitable donations to lower taxes. But you must complete these tax-saving moves by Dec. 31 to count for the 2022 tax year. With the S&P 500 Index down nearly

There’s still time to reduce your 2022 tax bill with these last-minute moves Read More »

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