Photo by Aaron Freeman / Money Talks News “Bad officials are elected by good citizens who do not vote.”— George Jean Nathan Before you head to the polls this year, it’s a good idea to pick up something that seems to be in short supply this year: objective journalism. Take …
Read More »Pix_Arena / Shutterstock.com Presidential candidates tend to focus on issues that are near and dear to us, from shoring up Social Security to stamping out the coronavirus. But perhaps none is as near and dear to our pocketbooks as the topic of income taxes. To help you better understand the …
Read More »Photo by pikselstock / Shutterstock.com Retirement is the time to enjoy the fruits of many years of laboring away at a job. However, if you aren’t careful, Uncle Sam can reach in and pluck away your hard-earned savings bit by bit, year after year. When the tax man cometh during …
Read More »Photo by rayjunk / Shutterstock.com Having Social Security taxes taken from your paycheck is bad enough. But for millions of Americans, the obligations don’t end there. Half of retirees say they paid income taxes on their Social Security benefit income during the 2019 tax year, according to a survey by …
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Tax season is often a stressful time for most people. It’s especially true for taxpayers with complicated tax filing needs due to owning a business or having a significant amount of investments, among other situations. In 2020, we’re also dealing with a global crisis that only occurs about once every …
Read More »Photo by fizkes / Shutterstock.com If you have yet to file your tax return this year, you have more time than usual, as Uncle Sam and individual states themselves have extended their Tax Day deadlines due to the coronavirus pandemic. But regardless of whether you’ve filed your 2019 return yet, …
Read More »Photo by karen roach / Shutterstock.com Looking to save a little cash? Here’s a suggestion you won’t hear every day: Move to Hawaii. The state with a notoriously high cost of living unexpectedly offers you the best deal on property taxes, according to a recent analysis from WalletHub. As part …
Read More »Photo by Alex SG / Shutterstock.com It’s that time of year again, time to gather the documents you need for filing your 2019 federal income tax. If you receive Social Security retirement benefits, you’ll need a copy of your latest annual Social Security Benefit Statement, also known as Form SSA-1099 …
Read More »Kzenon / Shutterstock.com Just because you’ve stopped working doesn’t mean you’re done paying taxes. Much of the income you receive in retirement, even if it’s not directly from employment, can still be taxable. But not all of it is subject to federal taxes — especially if you play your cards …
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