Here’s a Juicy Tax Break. Now, How to Keep Everybody From Claiming It? The GOP bill’s pass-through rule offers wealthy taxpayers a big windfall, but there’s a catch. House Republicans say they’re determined to simplify the U.S. tax code. A long-awaited provision in the massive tax bill they unveiled Thursday, a special rate for “pass-through” businesses, [...]
Millionaire earners face another hidden tax hike The GOP's tax plan contains a little-noticed tax hike on big earners. If you make more than $1 million, you will not be able to receive the lowest tax rate of 12 percent on the first $45,000 of your income. The means those who earn more than $1 [...]
Powell: Buying Bitcoin to fund retirement? Make sure it fits plans Average investors are often accused of buying high and selling low. And that may very well be the case for investors who are jumping on the Bitcoin bandwagon. Bitcoin, a digital currency, has doubled and then some since the start of 2017 (it’s risen [...]
These retirement havens will help you save on taxes Watch out for income, estate, sales and property taxes. Fourteen states will tax your estate; six will tax your heirs. Alaska has the lowest combined state and local tax rates at 1.76 percent. Sunshine and proximity to golf courses shouldn't be the only drivers of where [...]
If you use your home for business, you may be able to deduct expenses for the business use of your home. If you qualify you can claim the deduction whether you rent or own your home. If you qualify for the deduction you may use either the simplified method or the regular method to claim [...]
Tony Robbins: Hidden fees are killing your retirement plans Life coach and author notes that 92 percent Americans don't know the costs involved with their 401(k) plan — and 72 percent believe they're not paying anything. A 1 percent fee cut can help money last 10 additional years in retirement. Fees can slash retirement savings by as much as 60 percent.