How to avoid capital gains tax Capital gains taxes are owed when an asset is sold for more money than was paid for the asset. Learn more about capital gains taxes and how to avoid them.
IRS Direct File: How it works and who is eligible Direct File is a new tax tool to file federal taxes directly with the IRS. The online offering is currently available for more than 30 million eligible taxpayers.
What are short-term capital gains taxes? Short-term capital gains tend to be when you owned an asset for a year or less before selling it for a profit. Short-term gains may be taxed at a higher rate than long-term ones.
Wash-sale rule: A key consideration in tax-loss harvesting Within tax-loss harvesting, the wash-sale rule prohibits you from writing off an investment loss, which could make your taxes higher than hoped. Learn how to identify and avoid wash sales.
What is a 401(k)? The 401(k) is a common workplace retirement plan that gives employees the opportunity to invest for retirement in a tax-advantaged way. Learn how it can serve as a pillar of wealth building.
Gift tax: What is it and how does it work? Gift taxes are levied when a person gives away more than the annual per-recipient limit. Learn more about the exclusions, tax rates, and how to avoid gift taxes.
Prep your W-4 form for 2025 tax season The amount of tax you pay – and withhold along the way – can have a big effect on your finances at filing time. One document can make a big difference: your W-4.
What is a Roth IRA? A Roth IRA is a type of investing account designed for retirement savings. Find out if it may be the right investment vehicle to help you meet your goals.
Charitable giving: Tax-smart strategies for doing good Developing a tax-savvy giving back strategy can be an important part of a comprehensive financial plan — and help make doing good an effective year-round endeavor.
Move a mile, make a million Tax optimization strategies are an important consideration in overall wealth and lifestyle planning. You don’t have to move thousands of miles to benefit from “tax cliffs” – or variations in tax rules when you cross a border.
Making a Difference: How advice drives retirement readiness in the tax-exempt market Empower research finds that workplace savers who have taken advantage of advice interactions available through their plans are significantly better prepared for retirement than those who haven't.
What is PITI? PITI stands for principal, interest, taxes, and insurance. It's what makes up your annual homeownership expense and determines how much house you can afford.