Betsie Van Der Meer | Digitalvision | Getty Images The holiday season is a time to give thanks, reflect on the past year, and spend time with family and friends. However, if you’re not careful, it can also be a time you overspend on holiday purchases. About 83% of Americans plan to buy gifts for…
Warren Buffett, chairman and CEO of Berkshire Hathaway Inc Daniel Zuchnik | Contributor | Getty Images ‘Tough conversations’ that ‘strengthen relationships’ Douglas Boneparth, a certified financial planner, agreed with Buffett’s advice to reveal your estate plan. “These are tough conversations to have, but they’re meaningful and when approached correctly, can strengthen relationships,” said Boneparth, who…
Xavierarnau | E+ | Getty Images Some investors can deduct pretax IRA contributions, depending on their income and whether they or a spouse have access to a workplace retirement plan. The IRS announcement also increased the phase-out ranges for IRA deductibility in 2025. Source link
Weiquan Lin | Moment | Getty Images The third-quarter estimated tax deadline for 2024 is Sept. 16, and skipping a payment could trigger a penalty, according to the IRS. Typically, you need estimated payments for any income without tax withholdings, such as earnings from self-employment, contract or gig economy work and investment or retirement income. …
