Taxes News & Analysis

2 weeks My IRAs will soon cover only what I spend – should I pause Roth conversions given the current tax rates? 24/7 Wall St.

Retirees are wise to follow news about income taxes very closely. The threat of Joe Biden’s proposed 82,000 armed IRS tax collection enforcement agents is now officially gone, and thousands of IRS employees have taken buyout offers from the Trump Administration. With this in mind, the present tax brackets, at the very least, will likely […]

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2 weeks I’m 72 and Facing a Tough Choice: Pay My Taxes or Lose My Home – What Should I Do? 24/7 Wall St.

A 72-year-old Reddit user is trying to figure out how to handle a tough situation. He bought a home that was too expensive, and now he’s left with bills he can’t pay. He said he got lucky for the first time playing the market, but the taxes are too high, and he’s not sure what […]

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2 weeks Are Property Taxes Included In Your Mortgage? Benzinga

The post Are Property Taxes Included In Your Mortgage? by Marc Guberti appeared first on Benzinga. Visit Benzinga to get more great content like this.

Discover everything you need to know about property taxes and if they’re covered in your mortgage payments. Most people take out mortgages to buy a house. While mortgages account for the principal and interest, many of these financial products also include your property taxes. You’ll have to pay these annual taxes for as long as … Continued

The post Are Property Taxes Included In Your Mortgage? by Marc Guberti appeared first on Benzinga. Visit Benzinga to get more great content like this.

2 weeks Avoid Double Taxation on ADR Stock Reddit

To avoid double taxation on profits & dividends received from an ADR stock of a German company – what must I do as an American citizen residing in the U.S.A.? Looks like tax rate on dividends is now 10% according to the Germany-USA tax treaty: &quo…

2 weeks If we can’t do a backdoor Roth, is it still worth maxing our 401(k), or should we switch to a taxable account? 24/7 Wall St.

It’s a common dilemma many Americans saving up for retirement are bound to face: should one max out that 401(k), or opt for a taxable account instead? Indeed, the 401(k) is a fantastic tax-advantaged account that can really take advantage of the power of tax-free compounding. And with an employer match thrown into the equation, […]

The post If we can’t do a backdoor Roth, is it still worth maxing our 401(k), or should we switch to a taxable account? appeared first on 24/7 Wall St..

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