Why older donors should consider qualified charitable distributions
Ольга Носова | Istock | Getty Images If you’re retired and giving to charity this season, there’s a planning move that can reduce your 2023 taxes while donating to a …
Tax planning
How to save on future taxes for mutual fund capital gains distributions
Kate_sept2004 | E+ | Getty Images More from ETF Strategist Here’s a look at other stories offering insight on ETFs for investors. Many mutual fund families have released distribution estimates …
IRS delays rule change for 1099-K on Venmo, PayPal business payments
IRS Commissioner Daniel Werfel testifies before a Senate Finance Committee hearing on Feb. 15, 2023. Kevin Lamarque | Reuters If you received business payments via apps such as PayPal or …
You could owe 0% capital gains tax for cryptocurrency in 2023
After a more than 80% jump in bitcoin’s price in the first half of 2023, crypto market watchers gave CNBC their expectations for how the cryptocurrency will perform in the …
How to know if you qualify for Affordable Care Act insurance subsidies
d3sign | Moment | Getty Images As millions of Americans compare health plans on the Affordable Care Act insurance marketplaces, experts say it’s critical to run projections and rethink popular …
How much you can make in 2024 and still pay 0% capital gains taxes
Fg Trade | E+ | Getty Images If you’re planning to sell investments or rebalance brokerage assets next year, it’s possible you won’t trigger a tax bill for 2024. The …
How to prepare for the ‘survivor’s penalty’ before a spouse passes
Nosystem Images | E+ | Getty Images Many older women outlive their spouses and may not expect higher future taxes after suffering from the loss. But there are ways to …
Why expats giving up U.S. citizenship ‘doesn’t make financial sense’
Alexander Spatari | Moment | Getty Images Americans who move abroad still have a responsibility to file their taxes with the IRS, sometimes in addition to taxes paid in their …
Here are the new income tax brackets for 2024
The IRS on Thursday announced higher federal income tax brackets and standard deductions for 2024. The agency has boosted the income thresholds for each bracket, applying to tax year 2024 …
GOP’s IRS funding cut would hurt customer service goals
U.S. Treasury Secretary Janet Yellen outlines the improvements the IRS will deliver to taxpayers in 2024, during remarks at IRS Headquarters in Washington on Nov. 7, 2023. Kevin Lamarque | …