Emergency Fund Emergency funds…And why you might want to increase it during a recession In general, an emergency fund is specific and personalized to you. 1. General information for a emergency fund The amount of emergency fund ... By Basic WorthAugust 23, 2023
Finance Where do I look up Tax Credits? You can look up tax credits on the IRS website or on your state tax agency’s website. Here are some steps you can ... By Basic WorthAugust 20, 2023
Finance ETIC: The most popular tax credit The most popular tax credit in the United States is the Earned Income Tax Credit (EITC). The EITC is a refundable tax credit ... By Basic WorthAugust 17, 2023
Finance What are Tax Credits? Tax credits are a type of tax incentive that reduces the amount of tax owed by an individual or business. Tax credits are ... By Basic WorthAugust 14, 2023
Finance Tax harvesting: What is it and how do I use it? Tax harvesting, also known as tax-loss harvesting, is an investment strategy used to minimize taxes by selling assets that have experienced a loss ... By Basic WorthAugust 10, 2023
Finance How to maximize your tax deductions Maximizing tax deductions requires careful planning and organization throughout the year. Here are some steps you can take: Keep detailed records: Keeping accurate ... By Basic WorthAugust 7, 2023
Finance 6 Tax Strategies to think about to help with tax season Tax strategies are methods or techniques used to manage tax liabilities and minimize tax obligations. Tax strategies can include a variety of approaches, ... By Basic WorthAugust 4, 2023
Finance What are the 2022-2023 tax brackets? Tax brackets determine the tax rate that you will pay on your taxable income. Understanding how tax brackets work can help you estimate ... By Basic WorthJuly 28, 2023
Finance What is a Solo 401(k)? A Solo 401(k), also known as an individual 401(k), is a retirement plan designed for self-employed individuals or business owners with no employees, ... By Basic WorthJuly 22, 2023
Finance What is a Simplified Employee Pension (SEP) IRA? A Simplified Employee Pension (SEP) IRA is a type of individual retirement account (IRA) designed for small business owners and self-employed individuals. SEP ... By Basic WorthJuly 19, 2023
