A listicle exploring often-overlooked tax deductions that could save you thousands. We cover student loan interest, HSA contributions, self-employment expenses, IRA contributions, and more.
We explain the powerful difference between a tax credit (a dollar-for-dollar reduction of your tax bill) and a tax deduction (a reduction of your taxable income), with examples of each.
Explain why holding an investment for more than one year is so important for tax purposes. Show the difference in tax rates and how a long-term mindset can save you a significant amount of money.
Clarify a common point of confusion. We explain that your marginal rate is the tax on your next dollar earned, while your effective rate is the average tax you actually pay on all your income.
You spent a lifetime saving. Now learn the secrets of de-accumulation. This guide reveals a tax-smart withdrawal strategy that challenges conventional wisdom and could save you a fortune.
A deep dive into the powerful retirement savings options for the self-employed. Compare the SEP IRA and Solo 401(k) on contribution limits, loan options, Roth features, and ease of setup to choose the best fit for your business.
A crucial guide for freelancers and side-hustlers. We explain the key differences in how taxes are paid, the responsibility of a 1099 worker to pay self-employment tax, and the benefits of being able to deduct business expenses.