Mountain View, CA

FinanceBuzz

You can't always avoid taxes, but on these income sources, you won't pay as much as you expect.

Retirees Don't Have To Pay Taxes on These Kinds of Income

Maryland State

The US Sun

AMERICANS could get a one-time payment from a $1.8 million settlement surrounding a utility company's administrative fees, but time is running out. Class members must act quickly, as the deadline to file a claim is today. RealPage Utility Management agreed to a $1.8 million settlement to resolve claims that it...

Americans have just hours to claim a one-time payment from $1.8m admin fee settlement – just fill out a three-step form

SmartAsset

Understanding 401(k) non-spouse beneficiary rules is key for anyone planning their estate and retirement. When a non-spouse inherits a 401(k), the distribution options differ significantly from those available to a spouse. Non-spouse beneficiaries must follow specific guidelines regarding withdrawals, which can impact both taxes and the timeline for accessing the funds. Knowing these rules can […] The post 401(k) Beneficiary Rules for Non-Spouses appeared first on SmartReads by SmartAsset.

401(k) Beneficiary Rules for Non-Spouses

Montana State

Avoiding probate can save time, money and stress for your beneficiaries. If you do not have an estate plan before death, the state may direct the probate process to determine beneficiaries based on your will, if you have one, or laws that may not align with your last wishes.  Working with a financial advisor can […] The post How to Avoid Probate in Montana appeared first on SmartReads by SmartAsset.

How to Avoid Probate in Montana

California State

A SOFTWARE company agreed to pay current and former employees $1.1 million to resolve a class action lawsuit. Customer service representatives who worked for [24]7.ai may be entitled to a portion of the settlement after the company allegedly failed to fairly compensate employees. According to the wage-and-hour class action lawsuit,...

Americans to get one-term payment from $1.1m wages settlement – no action is needed to get the cash

Vice President Kamala Harris reportedly wants to force Americans to be taxed up to 44.6% of the profits they make from selling their homes. The report comes after Harris endorsed President Joe Biden’s Fiscal Year 2025 budget proposal. The Wall Street Journal reported Harris’s support for the major tax...

Harris supports a 44.6% tax on Americans for selling their homes: Report

The Motley Fool

Although they're not for everyone, living trusts can be great options for people who value privacy and flexibility.

3 Benefits of Using a Living Trust to Pass an Inheritance to Your Family

These regulations answer some key questions about the newest RMD rules.

The IRS Just Updated the Required Minimum Distribution (RMD) Rules. 3 Things Everyone Needs to Know.

Kiplinger

Living trusts can help manage your assets (and taxes) while you're alive and transfer them after you die, but they have disadvantages, as well as advantages.

Are Living Trusts Worth It? Pros and Cons

The IRS recently released final regulations for inherited IRAs, clarifying and reaffirming controversial rules around required minimum distributions (RMDs). Simultaneously, the agency offered temporary relief for particular beneficiaries by delaying final RMD rules and waiving penalties for missed distributions in 2024. What is the 10-Year RMD Rule, and How Does...

IRS Finalizes Beneficiary RMD and 10-Year Rule on Inherited IRA

Capital gains tax rates might be lower than the gift and estate tax rate, but how you handle your estate and whether you use a trust can make a big difference in taxes owed.

Gift and Estate Tax vs Capital Gains Tax: Which Is Less?

Selling a house can be a significant financial decision, and understanding the tax implications is crucial to ensuring you make informed choices. In 2024, various factors can influence the taxes owed on the sale of a property, including the property’s value, the duration of ownership, your tax residency, and applicable deductions. This guide will provide a comprehensive overview of how to calculate taxes when selling your house, taking into account the latest tax regulations and laws.

How to Calculate Taxes When Selling Your House: 2024 Guide

On May 29, 2024, E-Verify announced the launch of the E-Verify+ trial. E-Verify is a U.S. Department of Homeland Security website that allows employers to determine if their employees are eligible to work in the United States by comparing the information of an employee’s Form I-9, Employment Eligibility Verification (“Form I-9”), with records available to the U.S. Department of Homeland Security and the Social Security Administration. E-Verify+ is a new E-Verify service that aims to integrate the Form I-9 and E-Verify employment eligibility verification process into one digital process.

E-Verify Launches Trial of E-Verify+ Service

ST. CROIX — Senator Samuel Carrión faces eviction from a café and bar on King Street in Frederiksted that he has leased for nearly three years for allegedly owing about $26,000 in outstanding rent and utility charges dating back to August 2023, according to a civil complaint.

Senator Carrión faces eviction from leased café/bar for allegedly owing $26,000 in rent, utilities

Welcome to the Regulation Round Up, a regular bulletin highlighting the latest developments in UK and EU financial services regulation. Overseas Funds Regime: The FCA updated its webpage on the overseas funds regime to confirm that it will open the gateway to new schemes on 30 September 2024. 21 August.

Regulation Round Up August 2024

Transferring funds from a pre-tax retirement account such as an IRA to an after-tax Roth IRA is a move many retirement savers might want to consider. A Roth conversion, as the move is called, has many benefits. It can help you avoid required minimum distributions, or RMDs, in retirement, as well as taxes on your […] The post Is It Wise to Convert 20% of My IRA to a Roth Each Year to Avoid Taxes and RMDs? appeared first on SmartReads by SmartAsset.

Is It Wise to Convert 20% of My IRA to a Roth Each Year to Avoid Taxes and RMDs?

NBC News

Vice President Kamala Harris' endorsement of a Biden administration plan that includes a tax on stock holdings that have grown in value has emerged in recent weeks as a talking point among conservative pundits and Trump supporters who argue it amounts to socialism or even communism. Under the current system,...

Harris plans to tax unrealized stock gains — but only for people worth $100 million

Andrew Leahey, a widely recognized lawyer and scholar, has issued a statement regarding the proposed 25% wealth tax on unrealized gains for individuals with assets over $100 million. This discussion has roused significant objection and anxiety, particularly on social media. Leahey assured the majority of tax-payers would be unaffected by...

Wealth tax proposal targets ultra-rich, stirs debate

Liquidity and tax-free benefits can bring peace of mind to policyholders, and the healthier and younger you are when you get it, the better.

Benefits of Permanent Life Insurance in Your Estate Plan

Retirement Daily

Don't let grief and financial anxieties hold you back.

A Widow's Journey to Financial Security

NewsBreak

Legal Fee Allocation as a Boon to One Party: SEC Sanctions Investment Adviser’s Compounding Error

As all who practice securities law (or have ever seen an advertisement for Fisher Advisors) are acutely aware, investment advisers are different from brokers/dealers. Investment advisers...

Legal Fee Allocation as a Boon to One Party: SEC Sanctions Investment Adviser’s Compounding Error

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