Personal Finance
Latest Personal Finance News
Who Pays Taxes on a Custodial Account
Custodial accounts are a common way for parents and grandparents to save or invest on behalf of a minor, but…
I’m 50 With $875k in My 401(k) and $5,000 in Monthly Expenses. When’s the Soonest I Can Retire?
Whether you’re making a budget or planning your retirement date, it typically comes down to the same basic math: how…
Tax Implications of Selling a House Below Market Value
Selling a home below its fair market value can trigger tax considerations that go beyond a standard real estate transaction.…
Tax Implications of a Parent Living With You
The tax implications of a parent living with you depend on several factors, including financial support, income levels and household…
Tax Implications of Withdrawing Money From a Trust
Pulling money out of a trust can feel straightforward, but the tax consequences are often anything but. Depending on how…
Capital Gains Tax on Equities: Rules, Rates and Calculation
When you sell stocks, exchange-traded funds (ETFs) or other equity investments for more than you paid, the profit is generally…
Who Is Exempt From Federal Income Tax: Individuals and Groups
Federal income tax applies to most people who earn income in the U.S., but the tax code includes limited exceptions.…
What’s a Realistic Retirement Budget? I’m 55 With $620k Saved and $68k Income
There are two common ways to think about a retirement budget: you can start with the lifestyle you want or…
How Long Does a Tax Extension Last? Deadlines, Rules and Penalties
If you’re scrambling to compile tax documents as the filing deadline approaches, you’re not alone. A tax extension can offer…
Can You Still Get Your Tax Refund During an IRS Audit?
If the IRS notifies you of an audit, and you expected a tax return, you probably have a lot of…
