Understanding tax strategies and managing your tax bill should be part of any sound financial approach. Some taxes can be deferred, and others can be managed through tax-efficient investing. With careful and consistent preparation, you may be able to manage the impact of taxes on your financial efforts.
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Here's a breakdown of how the federal government spends your tax money.
Check out this handy reference of updated ranges from the IRS in case your designated bracket has changed.
For homeowners who think their property taxes are too high, there are ways to appeal.
Here are some examples of deductions from the IRS that were permitted and some that were, uh, too creative.
The federal government requires deceased individuals to file a final income tax return.
If your clients are buying or selling a home, use this to help them determine if they qualify for capital gains taxes.
Use this calculator to estimate your capital gains tax.
Use this calculator to estimate your income tax liability along with average and marginal tax rates.
Assess how many days you'll work to pay your federal tax liability.
This calculator compares the net gain of a taxable investment versus a tax-favored one.
Use this calculator to assess the potential benefits of a home mortgage deduction.
Estimate how much of your Social Security benefit may be considered taxable.