What Is the Marriage Penalty?

The Tax Cuts and Jobs Act affected a variety of calculations, and the tax liability differences between married and single taxpayers is a complex story. As the Tax Foundation notes: "One unintended feature of the United States' income tax system is that the combined...

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Taking Care of Your Heirs

Many people find it hard to come to terms with their own mortality, which can make transitioning wealth from one generation to the next very difficult. But putting it off, and worse still, not dealing with it, can be one of the worst mistakes we can make. Death is not...

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Capital Gains and Losses: How Do They Work?

A capital gain is a profit made when you as an individual or business sell a capital asset — investments or real estate, for instance — for a higher cost than its purchase price. A capital loss is incurred when there's a decrease in the capital asset value compared...

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Capital Gains, Losses and Sale of Home

You may be trying to get your brain around how to figure out basis of property that you receive as a gift. Here's what you have to consider: The adjusted cost basis to the donor just before he or she made the gift to you.The fair market value (FMV) at the time you...

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How to Launch a Business

How do you get from the dream to fundraising to business plan to opening? Successful business owners recount how their meetings with potential investors helped them revise their business plan, refining the numbers and focusing on the culture they wanted to create. Lay...

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