FinanceBuzz

Whether you're filing your own taxes or you are a professional, understanding what income the IRS doesn’t tax can be very helpful. Here are 10 types of earnings that are not taxed.

10 Types of Income the IRS Will Not Tax in 2024 (Thankfully!)

While we adhere to strict editorial guidelines, partners on this page also provide us earnings. If you will, allow us to present the hypothetical case of Pete Moneywise, a married, 78-year-old father of three who wants to get his financial affairs in order before his passing. Though he exists only...

I want to help my kids bypass probate when I die — here are 5 assets I won’t put in a living trust

Becoming a self-made millionaire later in life requires persistence, tenacity and an ample dose of confidence. But mostly, it’s about taking the right steps. Find Out: 7 Reasons You Should Consider a Financial Advisor — Even If You’re Not Wealthy. GOBankingRates spoke with self-made millionaires Josh Miller,...

I’m a Self-Made Millionaire: 13 Steps I Took To Become Rich in My 50s

Community Voices represent independent, third-party users who have joined our contributor program but not yet verified their accounts. Community Voices are expected, like all users, to adhere to our Community Standards.

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NewsNinja

A lady is cautioning others about purchasing budget earrings from Amazon, Shein, and H&M, after she experienced keloid formations on her earlobes due to wearing them. On a TikTok post that has garnered more than 334,000 likes, Sailor Rozema (@sailor.rozema), a content creator, shares a warning with her community of "dangly earring girls": the inexpensive jewelry found in fast fashion can have negative impacts on your well-being.

‘I’ll never be wearing earrings for the rest of my life’: Customer warns against buying from Shein

Colorado State

Contributors represent independent, third-party users who have joined our contributor program and self-verified their accounts. They have also demonstrated their experience writing hard news for other outlets. Contributors are expected, like all users, to adhere to our Community Standards.

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David Heitz

A bill quietly introduced this spring in the Colorado legislature to decriminalize the possession of drug paraphernalia obtained by harm reductionists has become law. As low-key as the legislation was introduced, the bill was signed into law without fanfare June 6. It garnered little to no media attention.

Colorado legalizes needles, pipes for meth and crack if obtained by harm reduction group

Kiplinger

A bypass, or AB, trust splits into two trusts when one spouse in a married couple dies, cutting the estate taxes for beneficiaries.

How to Fix a Trust Dilemma to Prevent a Tax Bomb

Massachusetts State

Reuters

NEW YORK (Reuters) - When you envision retirement with a partner, what does it look like?. Probably retiring at the same time, as you both wave goodbye to the workforce and look forward to new adventures.

Four reasons why couples should consider staggered retirements

Homeowners have unique retirement opportunities that renters do not. Among them is the option to sell their homes and move to a smaller, cheaper house — perhaps in a cheaper neighborhood or even a cheaper state — and bank the profit. But that strategy isn’t right for everyone.

My Client Didn’t Downsize in Retirement: Why Keeping His Home Was His Smartest Money Move

SmartAsset

Real estate investment trusts (REITs) are a popular way for investors to generate passive income. These investment vehicles allow individuals to invest in large-scale, income-producing real estate without the need to purchase or manage properties directly. By pooling resources with other investors, REIT shareholders can benefit from professional management, regular dividends and diversification. Understanding how […] The post How to Earn Passive Income By Investing in REITs appeared first on SmartReads by SmartAsset.

How to Earn Passive Income By Investing in REITs

TheStreet

Form 8582 helps individuals who earn income from rentals or businesses determine the losses they can deduct on their tax return for that year.

IRS Form 8582: Calculating passive activity losses for real estate

McPhersonBuzz News

The IRS will soon issue tax refunds to help with expenses, while upcoming changes to Social Security work credits and proposed tax reforms in “Project 2025” could affect your retirement planning and financial stability. IRS Tax Refunds Coming Soon – What You Need to Know About Social Security Work Credits and 2025 COLA According to […]

$1,730 to Earn One Credit: IRS Tax Refunds, Social Security Work Credits, and “Project 2025” Tax Reforms – What You Need to Know!

Business Insider

Early retirement is a dream for many people, but if you want to pursue that dream, you need to have a plan for your savings and investments.

I'm a financial planner, and I see people make 5 big mistakes when planning an early retirement

The Motley Fool

Knowing these tricks could help you reduce the tax burden of RMDs now and in the future.

3 Ways to Reduce or Avoid Required Minimum Distributions (RMDs) in 2024 That Everyone Should Know

Declutterbuzz

People report feeling overwhelmed when tasked with Decluttering. Whether it's the lack of time, dealing with chronic illness, or managing ADHD, these obstacles can seem impossible. Today, we're going to make your decluttering process simpler by using the guide How To Overcome Common Obstacles To Decluttering.

How To Overcome Common Obstacles To Decluttering

Florida State

Uncovering Florida

Most people are guilty of doing it at least once in their lives, many people do it by accident, some do it because they find it fun, and others do it for reasons like honoring loved ones. Regardless of the situation, just about everyone has released a balloon. The difference is that intentionally releasing balloons is now illegal by House Bill 321’s standards.

Law Signed By DeSantis Makes It Illegal To Release Balloons In Florida

Denver, CO

No, pallet shelters for people experiencing homelessness don’t fold into caskets. It’s a question a reader posed one of the first times I wrote about pallet shelters. I find the pallet shelters to be more palatable than ice fishing tents. The Colorado Village Collaborative operates both micro-communities and the so-called Safe Outdoor Spaces with the tents. We all learned the tents are not safe when a fire roared through a CVC Safe Outdoor Space, destroying the compound quickly. Officials never disclosed a cause of the fire.

Opinion: No, pallet shelters for homeless in Denver, Aurora don’t fold into caskets

Retirement Daily

Confused about estimated taxes? See how withholding can simplify your retirement.

Estimated Taxes vs. Withholding: What Retirees Need to Know

Camden, NJ

Cornelius, NC

Morristown Minute

CAMDEN, N.J. – Lisa Smith, 61, of Cornelius, North Carolina, has admitted to her role in a fraudulent scheme involving over $3.5 million in Paycheck Protection Program (PPP) loans. U.S. Attorney Philip R. Sellinger announced today that Smith pleaded guilty before U.S. District Judge Karen M. Williams in Camden federal court on July 17, 2024, to a charge of bank fraud conspiracy.

Woman Pleads Guilty to $3.5M COVID Relief Scam

While Roth IRAs are loaded with perks, they make it all too easy to get your money out ahead of retirement. I like the forced savings that comes with a traditional IRA. HSAs offer the same tax-free gains and withdrawals as a Roth IRA -- only with one key additional benefit.

I Used to Think a Roth IRA Was the Best Retirement Savings Plan. Here Are 2 Options I Now Like Better.

Morristown, NJ

NEWARK, N.J. – Sixteen individuals have been charged in connection with a widespread "grandparent scam" that defrauded elderly Americans out of millions of dollars. The charges were announced by U.S. Attorney Philip R. Sellinger.

16 Charged in Nationwide 'Grandparent Scam'; Millions Stolen

NewsBreak

The Transition from Sole Proprietorship to LLC: Things to Consider, Know, and Do

Starting a business is a significant feat. For many small business owners, however, the journey from sole proprietorship to a formal registered company often feels like...

The Transition from Sole Proprietorship to LLC: Things to Consider, Know, and Do

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