#tax-implications
#tax-implications

Selling a House to a Family Member? Here's What to Know

Selling a house to a family member requires careful planning for legal, financial, and tax considerations.

Toronto Maple Leafs

fromEditor In Leaf

CBA changes could harm Maple Leafs' ability to attract top free agents

Changes in the new CBA will negatively affect the Toronto Maple Leafs' ability to attract free agents due to tax implications on signing bonuses.

Real estate

12% of Homeowners in Oklahoma Will Face a Hidden Home Equity Tax If They Sell

Oklahoma homeowners face unexpected capital gains taxes as home values rise, affecting financial planning even in times of equity growth.

46.1% of Homeowners in New York Will Face a Hidden Home Equity Tax If They Sell

In New York, 46.1% of homeowners possess home equity that exceeds IRS capital gains tax exclusions, leading to potentially significant tax liabilities upon sale.

New York City

50% of Homeowners in New Hampshire Will Face a Hidden Home Equity Tax If They Sell

In New Hampshire, 50% of homeowners have more home equity than the IRS exclusion for capital gains tax, with 9.3% of married couples exceeding the $500,000 limit.

Real estate

22.5% of Homeowners in Minnesota Will Face a Hidden Home Equity Tax If They Sell

Minnesota homeowners face unexpected capital gains tax due to rising home values exceeding outdated federal limits.

#social-security

1 month ago

Retirement

I Just Received a Giant Check from Social Security - What Should I Do with the Back Payments?

Retirement

3 Harsh Social Security Truths You Need to Know

1 month ago

Retirement

I Just Received a Giant Check from Social Security - What Should I Do with the Back Payments?

Retirement

3 Harsh Social Security Truths You Need to Know

more#social-security

1 month ago

If I withdraw from my IRA before age 75, will it affect my RMDs?

Withdrawing early from your IRA does not reduce your RMDs but impacts future balances.

fromLos Angeles Times

2 months ago

Some pointers on paying capital gains taxes from home sales

Selling your home before health issues arise can be financially wise, but consider capital gains implications.

2 months ago

1 in 20 side hustles now make over $10,000 per month

A side hustle can provide extra income but achieving significant earnings often requires specialized skills and an understanding of tax implications.

Startup companies

#retirement-planning

Retirement

I'm getting ready to retire next year and want to sell some stocks and buy bonds - what's the smartest way to do this?

Mental health

I'm retiring in 3 years when I turn 70 - how the bulk of my IRA be in bonds to reduce my RMDs?

7 months ago

Business

I have a large 401k balance and when I retire I want to take the entire balance and pay taxes on it - is this a smart idea?

Retirement

I'm getting ready to retire next year and want to sell some stocks and buy bonds - what's the smartest way to do this?

Mental health

I'm retiring in 3 years when I turn 70 - how the bulk of my IRA be in bonds to reduce my RMDs?

7 months ago

Business

I have a large 401k balance and when I retire I want to take the entire balance and pay taxes on it - is this a smart idea?

more#retirement-planning

I Thought I Had My Finances Under Control Until My 401k Transfer Went Wrong

Rollover issues from a 401(k) to an IRA can lead to tax complications if not handled correctly.

fromCNET

Work From Home? Read This Before Claiming the Home Office Tax Deduction

"Though telework has become widespread for traditional W-2 employees, the home office deduction specifically applies to fully self-employed people or independent contractors who use a designated area for business."

Remote teams

My aunt's estate is giving me $100K - how can I make this money last a lifetime?

A small inheritance can contribute positively to retirement savings if managed wisely.

European startups

fromresund Startups

Terms of stock options

Understand the implications of stock option terms before blindly following US market standards, especially for European startups.

Liverpool FC

fromwww.fourfourtwo.com

5 months ago

Steven Gerrard forced to wait for return to Rangers due to financial issues: report

Steven Gerrard's potential return to Rangers is delayed due to tax implications from his time in Saudi Arabia.