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Having difficulty setting aside a portion of your monthly income each month? We’ve got some great budgeting tips to help you out. Is saving $500 a month good for your savings? It’s a challenging but doable goal with rewards worth the effort. We’ll show you what saving $500 a month amounts to when starting at various ages and provide some suggestions for how you can tweak your budget to make it happen. These tips can […]

If you’re like me, lunchtime is a much enjoyed reprieve to “sandwich” in the busy work day. It also means that $10 to $15 is about to leave the wallet. This may not seem like much, but after grabbing a quick bite over the last month, I counted my receipts and realized I said goodbye to $188.07. Wowsers. That’s why I’ve set a goal to shave that in half. Here’s what I’ve found to be […]

The post Here’s What to Do with Your Tax Refund in 2023 appeared first on Dividend Power. A tax refund isn’t just a cash lump sum you receive from there Internal Revenue Service. Nor is it found money or simple good fortune. It’s an opportunity. As tempting as it is to spend this financial windfall on new clothes, gizmos, and gadgets, the wiser approach is to make the money work for you. If you’re wondering what […]

Here are my top places to put your cash. After years of falling rates, interest on savings is starting to move up. That’s largely due to the Bank of England base interest rate increase to 4% – though the increases haven’t been passed on completely or to all accounts. You want to make sure you’re […] The post The best savings accounts (February 2023) appeared first on Be Clever With Your Cash.

Tax season is among us. If you get a tax refund, it can be easy to think of all the cool things you’ll be able to pay for like fancy dinners, a new T.V., Rachael Ray pots, who knows. Receiving a lump sum or money can feel good, I know, but it’s important to resist lifestyle inflation and use that money to improve your life overall. Here are seven smart moves you can make with […]

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This year’s federal tax deadline is Tuesday, April 18, 2023. If you cannot get your tax return together before this date, you can file a tax extension request to avoid late filing penalties (although your tax dollars are still due by this date). For example, you might be navigating a precarious life event, living overseas, or waiting for those final year-end tax documents such as a Schedule K-1 or a corrected Form 1099. Life happens, […]

Do you need more incentive to generate passive income in order to give yourself more freedom? Then look no further than the below two charts. They show the 2023 capital gains tax rates by income for both short-term and long-term. The short-term capital gains tax rate is equivalent to your federal marginal income tax rate. Read More… The post Short-Term And Long-Term Capital Gains Tax Rates By Income appeared first on Financial Samurai.

Budge 2023 has proposed to remove the double tax deduction benefit associated with home loan interest. We all know that the interest component of a home loan can be claimed as a deduction up to a maximum of Rs. two lakhs under section 24. When the property is sold, the entire interest component, whether claimed… The post Home Loan interest double tax deduction benefit removed in budget 2023 appeared first on freefincal.

Small business owners frequently look for ways to reduce their company’s tax liability. Consider whether the six strategies listed below can assist you as you work with your tax advisor. First, let’s look at how taxes affect your business. How Taxes Impact Your Business Every person that owns a small business in the United States is obligated to pay taxes. While the exact amount differs by state and business structure, tax payments are one of […]

Valentine’s Day is a special occasion for couples to celebrate their love, but it can also be a costly holiday. However, there are many ways to save money on Valentine’s Day while still making it a memorable and romantic experience. From setting a budget and planning ahead, to being creative and avoiding peak times, there […] The post Valentine’s Day on a Budget: Creative Ways to Save Money appeared first on Keeping Up With The […]

Many of us feel intimidated at the thought of preparing our own taxes. However, there are a number of tools available to walk you through the process. One of the most respected and complete DIY tax prep software programs available is TurboTax. It’s easy to use — but it’s also one of the more expensive offerings on the market. Before you buy it, here’s what you need to know. Cost – 8 Customer Service – […]

Welcome to the Investing for Beginners podcast! Today’s episode will be about us talking on everybody’s favorite subject- taxes! Sarcasm intended. As we near the tax filing season, we find it timely to talk about how taxes impact investing and ultimately your path to financial freedom. Listen on as we break down this important topic everybody’s raving, or ranting about. Timestamps of the episode: -Why the topic of taxes is relevant in investing. [02:34] -What […]

Have you ever heard of the 30-day savings challenge? It’s a simple way to reevaluate your spending and boost your savings. At the end of the 30 days, not only will you have more money in your savings account, but you’ll also have learned better money habits. What Is the 30-Day Savings Challenge? The next time you get a paycheck, the challenge begins. Immediately transfer a portion of your paycheck (maybe 5%?) into a savings […]