Deductions: Medical and Dental Expenses
If you paid certain medical and dental expenses this year for yourself, your spouse, or your dependents (and were not reimbursed), you may be eligible to claim the medical and dental expenses deduction. Unfortunately, the hurdle for claiming this deduction is a high one — in order to claim a deduction for medical expenses, you […]
When A Do-It-Yourselfer Should Have An Accountant Do Their Taxes
When is the right time for the do-it-yourselfer to pay someone else to take the reins on their yearly tax filing?
Video: Japan’s Massive Money Experiment Is Over
On March 19, Japan ended its long economic experiment. The Bank of Japan scrapped the world’s last negative interest rate, ordering its first increase since 2007. But how will this massive shift disrupt everyday lives across the country and beyond?
How Much Do I Need to Save to Retire?
Stay on track for retirement by knowing how much you need to save by what age
Which Countries Are Really The Richest? [Infographic]
Switzerland, Luxembourg and the U.S. are the countries with the highest average per-capita wealth. Looking at median per-capita wealth, other nations come out on top.
Spouse as Beneficiary of Traditional IRA or Retirement Plan
Naming a beneficiary for your traditional IRA or employer-sponsored retirement plan may be one of the most important financial decisions you ever make. The beneficiary (or beneficiaries) you name will receive the funds remaining in your IRA or plan after you die, so you should certainly consider your loved ones’ future needs. However, choosing the […]
Bull Market Guide: The Different Phases And How To Invest During One
You’ve seen the headlines: Investing pundits say a new bull market is here. Read on to learn what a bull market is and how you can safely maximize your returns when stocks are on the rise.
Capital Gains Tax
Capital gains tax is imposed on gains realized from the sale of capital assets such as a home, an investment, or a business interest. Special maximum tax rates generally apply to long-term capital gains; these rates are typically lower than the rates that apply to ordinary income. These special maximum rates also generally apply to […]
Federal Income Tax Returns Due for Most Individuals
The federal income tax filing deadline for individuals is generally Monday, April 15, 2024.
AI may kill the one job everyone thought it would create
Prompt engineering looked like the hottest job in tech amid the generative-AI boom. People in that job write text that can produce optimal results from tools such as ChatGPT. But researchers are finding that AI can be trained to do that job, too.
