What You Need to Know About Capital Gains Tax
Updated for 2023. What is a capital gains tax? When you sell an asset like a stock or a home, your gain could be taxable.
Category: Updated for 2023
How Are Stock Options Taxed?
How are stock options taxed? If you have stock options or equity-based compensation as a large part of your income, the tax treatment of your stock
What is a Step-up in Basis? Calculating Cost Basis of Inherited Stock or Other Assets
A step-up in basis is a tax advantage for individuals who inherit stocks or other assets, like a home. A step-up in basis could apply
Should Married Couples Use Joint or Separate Trusts?
Revocable or living trusts play an important role in many estate plans. Married couples utilizing trusts in their estate plan need to consider if it’s
Should I Put My Assets in a Trust?
Choosing whether to fund a trust with your assets is an important decision in the estate planning process. Since a trust is different from a
Small Business Retirement Plans with Tax Benefits for Solos and Part-timers
Updated for 2023. Self-employed business owners and entrepreneurs working for themselves part-time have a lot of flexibility when it comes to saving for retirement and
How a Roth IRA Could Make Your Kid a Millionaire
Updated for 2023. For most parents, it’s a trifecta: help your kids learn about investing, save for retirement, and get fast-tracked to becoming a millionaire.
Non-Deductible IRA Contributions Aren’t Worth It – Here’s Why
5 reasons you shouldn’t make nondeductible contributions to an IRA Are non-deductible IRA contributions worth it? Most high-income individuals are unable to make tax-deductible contributions to
What You Need to Know About Your Restricted Stock Awards
A restricted stock award is a type of stock compensation where founders or employees are granted shares of company stock subject to vesting requirements. Recipients
Parents Can Now Use 529 Plans to Pay for Private School, But Should They?
Updated for 2023. Should you use a 529 plan to pay for private school? The 2017 tax reform legislation included sweeping changes to our tax