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Business and Finance

Taxation

Charitable Contributions and Taxes

Common Tax Filing Mistakes

Cryptocurrency Taxation

Eligible Educational Tax Breaks

Estate and Gift Tax Fundamentals

Filing Taxes as an Expat

Healthcare and Taxes

IRS Tax Forms and Uses

Inheritance Tax vs. Estate Tax

Nonprofit Tax Compliance

Payroll Taxes Explained

Understanding AMT (Alternative Minimum Tax)

VAT (Value-Added Tax) Essentials

Understanding Capital Gains Tax

U.S. Federal Income Tax Basics

Real Estate Tax Deductions

Sales Tax Across U.S. States

Self-Employment Tax Essentials

Small Business Deductions

Standard versus Itemized Deductions

State Income Tax Comparisons

Tax Considerations for Freelancers

Tax Credits Overview

Tax Brackets and Rates

Tax-Advantaged Retirement Accounts

Tax Deductions for Individuals

Tax Planning Strategies

Tax Terms Glossary

Tax Audit Triggers

Taxation of Investments

Tax-Advantaged Retirement Accounts

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401(k)

Pre-tax contributions reduce taxable income. Earnings grow tax-deferred. 2023 limit: $20,500 ($ 27,000 if 50+).

Traditional IRA

Contributions may be tax-deductible. Earnings grow tax-deferred. 2023 limit: $6,000 ($ 7,000 if 50+).

Roth IRA

Contributions are post-tax. Earnings grow tax-free. Withdrawals in retirement are tax-free. 2023 limit: $6,000 ($ 7,000 if 50+).

SEP IRA

Pre-tax contributions. Earnings grow tax-deferred. 2023 limit: Lesser of $61,000 or 25% of employee's compensation.$

SIMPLE IRA

Pre-tax contributions reduce taxable income. Earnings grow tax-deferred. 2023 limit: $14,000 ($ 17,000 if 50+).

457(b)

Pre-tax contributions reduce taxable income. Earnings grow tax-deferred. 2023 limit: $20,500 ($ 27,000 if 50+).

403(b)

Pre-tax contributions. Earnings grow tax-deferred. 2023 limit: $20,500 ($ 27,000 if 50+).

Solo 401(k)

Pre-tax or Roth contributions. Earnings grow tax-deferred or tax-free for Roth. 2023 limit: $61,000 total, inclusive of employee and employer contributions.$

Defined Benefit Plan

Employer-sponsored. Benefits are based on a formula considering salary and service. Tax-deferred growth. Contributions vary.

Health Savings Account (HSA) - Retirement Aspect

Pre-tax contributions. Earnings grow tax-free. Funds used for qualified medical expenses are tax-free. 2023 limits: $3,850 individual,$ 7,750 family.

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