Columbus, OH

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!)

The Motley Fool

Retirees in these states could receive financial relief on the state level, but federal rules still apply.

It's True: These 13 States Don't Tax Retirement Income

Mediaite

Vice President Kamala Harris spoke in North Carolina on Friday and offered details on her economic policies should she be elected president in November. Harris has been under attack from Donald Trump, who has called her a “communist” and insulted her intelligence. Harris framed much of her message...

Harris Promises a ‘Tax Cut’ For More Than 100 Million Americans: ‘You Keep More of Your Hard Earned Money’

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

Texas State

The Conversation U.S.

Texas, Florida and 7 other states have no income tax, but they make up for it with other taxes. Sometimes those taxes mean low-income residents pay a larger percentage of their money in taxes.

How do 9 states get by with no income tax? A tax expert explains the trade-offs they choose

Don't let 2025 taxes sneak up on you; start making these moves now for a better return.

11 Things to Do Now to Owe Less Taxes in 2025

New Jersey State

NJ Spotlight

There’s still plenty of time to apply. The deadline to file for 2023 tax year is Oct. 31. The latest round in the Senior Freeze property-tax relief program began July 15, with the first reimbursement checks issued. The New Jersey Department of the Treasury’s Division of Taxation said it will continue issuing weekly reimbursements as more applications are filed and approved.

Senior Freeze property-tax relief checks are flowing

NewsNation

Residents in nine U.S. states are still taxed on retirement benefits but how much they pay depends on their income

Social Security benefits are taxed in these US states

Are you paying more than you should in property taxes? Learn the art of legal tax reduction with these foolproof methods for homeowners.

14 Totally Legal Ways To Lower Your Property Taxes

The IRS has issued final regulations on inherited IRAs under the SECURE Act. The rules require most non-spouse beneficiaries to deplete inherited retirement accounts within ten years and take annual Required Minimum Distributions (RMDs). This marks a significant change from the previous lifetime “stretch” withdrawal option. The 10-year...

IRS issues new RMD rules for IRAs

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

Marcia Castro Socas owns rental property and flips houses. She says first-time investors should focus on finding the right house, not the cheapest.

A millionaire landlord has 3 tips for anyone thinking of buying rental real estate right now

With current step-up in basis rules, the most cost tax-efficient way to pass on your assets may be to kick the bucket. Learn more here.

This Tax Strategy Is to Die For -- Literally

Montana State

The Center Square

Unless Congress acts soon, taxpayers across the country will face an automatic tax increase next year. This is because lawmakers have not stopped the sunset of major federal tax relief enacted seven years ago. The Federal Tax Cuts and Job Act (TCJA) is a law that was passed in December 2017 by Congress, aimed at reducing tax rates on individual and business income, as well as boosting incentives for investment.
                Despite incredibly positive economic outcomes from its enactment, most of the tax law is set...

Op-Ed: Failure to extend Tax Cuts and Jobs Act would hurt taxpayers

Which states charge the highest estate and inheritance taxes, and just how much money will they take? Here is a list of states with the fiercest death taxes.

The 18 States With the Highest Estate and Inheritance Taxes

SmartAsset

When considering tax-efficient investment options, many investors wonder which mutual funds are tax-exempt. These funds, usually municipal bonds, generate income that is often exempt from federal and sometimes state and local taxes. For investors in higher tax brackets, tax-exempt mutual funds can provide an attractive way to preserve more of their earnings. If you're looking […] The post How to Find Tax-Exempt Mutual Funds appeared first on SmartReads by SmartAsset.

How to Find Tax-Exempt Mutual Funds

I was recently listening to “The Great Retirement Debate,” a popular podcast co-hosted by Ed Slott, nationally recognized IRA expert, and Jeffrey Levine, Chief Planning Officer for Buckingham Strategic Wealth. If you’ve never tuned in, these two go head-to-head each week, debating the pros and cons of various...

Reasons NOT to Do Roth Conversions

Entrepreneur

Taxes would go down for most of us. But whether or not that's a good thing is up for discussion.

10 Significant Ways A Second Trump Administration Could Impact Your Taxes

Rich Americans can parlay their philanthropy into guaranteed income for life and tax savings using charitable remainder trusts. Here's how it works.

How the rich have their cake and eat it too by using trusts to give to charity, collect cash, and save on taxes at the same time

Florida State

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contributor

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

NewsBreak

A tax deduction business owners love is set to expire at end of 2025

Many provisions of the 2017 tax law are set to expire at the end of 2025. Advocates are already attempting to convince Congress to extend or...

A tax deduction business owners love is set to expire at end of 2025

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