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Category: Taxes

The QCD: A Giving-Related Tax Break Available to Older Taxpayers

If you're over 70½ and have an IRA, here's a simple strategy that could reduce your tax burden while also enabling you to donate greater amounts to a church or charity.
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Should You Invest Using a Taxable Account?

SMI frequently emphasizes the value of investing via tax-advantaged retirement accounts. But taxable accounts have advantages too. Here are a few of them.
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Promises Made, Promises Broken: What Went Wrong With the Income Tax

"The Congress shall have power to lay and collect taxes on incomes, from whatever source derived, without apportionment among the several States, and without regard to any census or enumeration." – The Sixteenth Amendment
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2019 Retirement Plan Contribution Limits, Tax Brackets, and More

Every year brings a number of changes in various financial rules and regs that impact our personal financial planning. What follows is our annual guide to some of the more significant changes that have been announced for
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How Fund Distributions Affect Fund Share Prices

[Editor’s note: Even though the market is up strongly in recent years, 2018 saw two substantial sell-offs. That’s why mutual fund “distributions” are likely to be a significant event this year. During those sell-offs,
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Money Roundup: A Retirement Surprise, What Matters Most When Withdrawing From Retirement Accounts, and More

Our latest picks for the best investing and personal finance articles from around the web — a rare Monday edition since we had strategy updates last Friday.
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Knowing How Much You Rendered to God and to Caesar

Among the many things Scripture teaches about money, these two are abundantly clear: We are to honor God by giving the first of our income back to Him, and we are to pay our taxes. Honor the LORD from your wealth and from
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New Year, Whole New Tax Code

At the end of 2017, President Trump signed into law the most comprehensive change to U.S. tax law in more than 30 years. While it should mean a lower tax bill for most taxpayers, exactly how the new rules will affect you
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Big Changes in Store for 2018 Taxes

It’s time to start thinking about your 2018 taxes. I know. It’s a crazy thought. You probably haven’t even started working on your 2017 taxes yet. However, with the most sweeping tax law changes in 30 years now in effect
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January Sightings

Turning the Tide Against Cholera [Note: This isn’t about finances, but isn’t it nice to start the year with news that everyone can agree is good?]
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