Results for "taxable income"11 results found.
Invest in Your Child’s Future Through a UGMA Account

A Uniform Gifts to Minors Act (UGMA) is an investment account for minors, allowing adults to give or transfer assets into the underage person’s account to help them save for college or be financially independent.

by Matin Varshochi
How to Choose a Suitable IRA Account

Saving for retirement is essential for living a comfortable life after working for many years. Depending on the line of work, different types of Individual Retirement Accounts (IRAs) are available to help a person maximize their retirement savings.

by Matin Varshochi
Biden Proposes to Allow IRS to Watch Bank Accounts over $600

One of the American Families Plan’s goals is to allow the IRS to monitor transactions of bankers over $600 to ensure that people are not lying about their taxable income.

by Viviana Vazquez
3 Financial Benefits to Being a Homeowner

For many, owning a home is the ultimate "American Dream." Homeownership allows you to have a property to call your own, leaving you with a sense of pride, confidence, and security.

by Viviana Vazquez
Are COVID-19 Unemployment Benefits Taxable?

There has been much confusion around whether unemployment benefits under the CARES Act are taxable or not. As an unfortunate surprise to many, the unemployment benefits are indeed taxable.

by CapWay
$600 Stimulus Checks - Eligibility, Impact on Taxes, and Other Details

On December 27, 2020, President Donald Trump signed the $900 billion coronavirus relief bill that included $600 checks to millions of Americans struggling financially amidst the ongoing pandemic.

by CapWay
How to Save for Retirement When You're Self-Employed

No one plans to work forever; typically, most people wish to spend the latter years of their lives doing things they enjoy. To have fun in the later years or to live comfortably after you retire, a retirement plan must be in place to benefit from.

by Nailah Herbert

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