Results for "taxes"76 results found.
Key Facts of Biden’s Student Loan Forgiveness Plan

When President Joe Biden was elected into office, one of his main promises was to forgive borrowers’ student loans, and now it is beginning. Eligible borrowers can receive up to a $20,000 deduction in their outstanding student loans.

by Matin Varshochi
IRS Received $80 Billion to Target Tax Evaders

On August 12, 2022, the Inflation Reduction Act was introduced. The Act determined the Internal Revenue Service (IRS) should receive an additional $80 billion over the next ten years to help with tax enforcement on high-net-worth individuals.

by Matin Varshochi
How NFL Players Spend Their Money

Most rookie athletes are in their late teens or early twenties, earning millions of dollars. Below are examples of NFL players who either went broke or generated more wealth and the factors that led to these athletes' financial outcomes.

by Matin Varshochi
How Lottery Winnings Work: Hitting the Jackpot Explained

On July 30, 2022, a $1.34 billion jackpot was won in a Mega Millions lottery. As this amount was the second highest recorded in United States history, it is the perfect time to go over the process of winning the lottery, from the luck it requires to how the winnings can be claimed and the disadvantages of winning a lump sum of money with practically no effort.

by Matin Varshochi
How Tax Brackets Work and How They Affect Retained Income

Every year, between January 1 and April 15, one must file tax returns with the federal government. To aid them with determining the amount of taxes owed for each applicant, the federal government uses income tax brackets to determine the effective tax rate.

by Matin Varshochi
Why Homeownership is an Important Wealth Building Factor

Homeownership is one of the most common forms of building wealth.

by Sha'Kreshia Terrell
Nine Key Steps to Buying a Home

Buying a home is a big deal, so it is important to be financially prepared in advance. Here are nine steps to take to prepare yourself to become a homeowner.

by Shaun Morgan
TurboTax Faces Lawsuit for False Advertising

Often, they go to TurboTax, which offers free tax filing services for its customers. However, Intuit, the owner of TurboTax, has been ordered to pay $141 million to its customers who used their services to file their income tax returns from 2016 to 2018.

by Sheena Allen
Why You Need a Trust to Pass on Generational Wealth

A trust has many benefits over using a will when passing on generational wealth. If you’re building generational wealth, you need to talk to an estate attorney about how it can benefit you and your heirs.

by Shaun Morgan
4 Ways to Build Generational Wealth

You'll often hear people throw around the term generational wealth in the financial space. More recently, it has become a trendy word amongst everyday people, in part credited to a time when the topic of investing and wealth has taken center stage.

by Shaun Morgan
Cost of Filling Gas vs Electric Car

As electric vehicles have been proven to possess many benefits, such as a lower average cost, it is essential to analyze the costs associated with both types of cars, to determine which one is ultimately better.

by Sheena Allen

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