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Getty Images Are you expecting a tax bill for selling stocks or crypto in 2021? You may qualify for the 0% long-term capital gains rate, depending on taxable income, according to financial experts. You calculate taxable income by subtracting the greater of the standard or itemized deductions from your adjusted gross income, which are your

Sporrer/Rupp | Image Source | Getty Images When it comes to retirement, you probably have a lot of questions about whether or not you’re making the right financial moves. That may include uncertainty about investing and the best way to get the nest egg you think you’ll need. Chances are, you are overlooking potentially your

Jeffrey Coolidge | Photodisc | Getty Images Tax season has kicked off, and the IRS has already warned filing mistakes may cause delays amid staffing shortages and a massive backlog. While electronic filing offers the best chance for faster refunds, other moves may invite IRS scrutiny, according to tax experts.  The IRS closed 452,515 individual audits

A “PsychoKitty” NFT created by psychedelic artist Ugonzo displayed on a phone and a NFT logo displayed on a computer screen from a Crypto.com NFT marketplace. Justin Tallis | AFP | Getty Images It’s safe to say that we have all heard the term “NFT.” But what exactly are they and what are the pros

fizkes | iStock | Getty Images Getting married, having a baby, changing jobs and unemployment may affect your taxes, and it’s better to adjust withholdings early, financial experts say. The IRS expects a slice of every dollar you earn — taken from your paycheck, withheld from other income or sent quarterly. While overpaying may spark

Jose Luis Pelaez Inc. | Getty Images Markets endured a rough January, with the S&P 500 Index suffering its worst monthly performance in nearly two years. Technology was responsible for much of the carnage, as investors became spooked by some notable earnings misses and the prospect of four interest rate hikes by the Federal Reserve

10’000 Hours | DigitalVision | Getty Images Bonds take on a bigger role in retirement, as investors take chips off the table to protect their nest egg. Unfortunately, it’s easy to get tripped up — namely, by chasing returns and taking too much risk, according to financial advisors. “Bonds are the single biggest mistake I

Witthaya Prasongsin | Moment | Getty Images Interest rates may be going up in 2022 — and a bond ladder is one way for investors to manage the risk. Prices for existing bonds generally fall as interest rates (or yields) rise, since the yields on new bonds look more attractive by comparison. That dynamic played

Cabania | iStock | Getty Images Plus You can start filing individual income tax returns on Jan. 24, but there may be refund delays as the IRS combats a backlog and limited staffing, according to Treasury officials.  However, there may be ways to get your money faster, financial experts say. Although refunds are typically sent

Tara Moore | Getty Images Anyone facing required minimum withdrawals from retirement accounts should note there’s been a change to calculating those amounts. Starting this year, new IRS life expectancy tables — which are used to determine required minimum distributions, or RMDs — are in effect. While using the modified tables should be generally straightforward

Marko Geber | DigitalVision | Getty Images Many retirees rely on bonds for income, lower risk and portfolio growth. However, as the Federal Reserve prepares to raise interest rates, some worry about the effects on their nest egg. The cost of living has swelled for months, with the Consumer Price Index, the key measure of

MoMo Productions | DigitalVision | Getty Images If you bought or “exercised” company stock options in 2021, you need to watch for tax pitfalls when filing, according to financial experts.  A stock option is the chance to buy stock in the company that employs you at a specific price, with profit potential if the value

FatCamera | E+ | Getty Images Last year’s child-care expenses may be worth more at tax time than you realize. The child and dependent care tax credit, as it’s called, was expanded in several ways for 2021 alongside other tax changes. This means many families will get a bigger tax break and the credit could

“Taxes” engraved at IRS headquarters in Washington, D.C. Andrew Kelly | Reuters Next week may be the last chance for some filers to avoid a tax penalty and reduce their bill in April.   The deadline for fourth-quarter estimated tax payments is Jan. 18, applying to income from self-employment, small businesses, gig economy work, investments and

lisegagne | E+ | Getty Images If you received monthly advance child tax credit payments in 2021, there may be a costly surprise when filing your return. The American Rescue Plan, enacted in last March, increased the tax break to $3,000 from $2,000 per child under age 17, with $600 more for kids under age

A woman looks at an NFT titled “CURIO CARDS (EST. 2017)” on Sept. 28, 2021, at Christie’s auction house in New York. TIMOTHY A. CLARY | AFP | Getty Images In the digital realm, all taxes aren’t necessarily equal. Amid a cryptocurrency and non-fungible token (NFT) boom, wealthy owners may pay a different tax rate

The crypto ecosystem has expanded significantly in recent years. While institutions such as the IMF are starting to embrace its innovation, they are also calling for investors to exercise caution. Jakub Porzycki | NurPhoto via Getty Images After a record-breaking year for cryptocurrency in 2021, many investors may soon face a hefty tax bill for

Westend61 If you’re eager to save more, you may consider maxing out 2022 individual retirement account contributions early rather than waiting until the tax-filing deadline in 2023. But there are mixed opinions about lump-sum investing versus spreading out deposits at set intervals, known as dollar-cost averaging. The IRA contribution limits for 2022 are the lesser

NicolasMcComber | E+ | Getty Images Tax season is fast approaching — and recipients of unemployment benefits in 2021 don’t appear to be getting a tax break like they did for 2020. Unemployment benefits generally count as taxable income. The American Rescue Plan Act, a relief law Democrats passed in March last year, authorized a

Bill Oxford | E+ | Getty Images If you’re banking on a tax refund, it may be smaller, or you may owe money this season, according to financial experts. Typically, you get a federal tax refund when you’ve paid or withheld more than the amount you owe, based on taxable income.   The IRS subtracts the