To get the most out of your tax-efficient 401(k) retirement savings plans, try to contribute as much as you can. The Internal Revenue Service (IRS) sets annual limits for how much you can contribute, but that doesn’t always mean contributing up to that limit is in your best financial interest, or even possible. You will…
Buying an investment property can be a smart financial decision. As you pay down debt, you accumulate equity in a property that ideally appreciates over time. Then there are the tax benefits. You can deduct your rental costs from any income you earn, including things like mortgage interest, property taxes, insurance, repairs and maintenance, and…
Bitcoin (BTC) fell rapidly on Aug. 19 as the culmination of a week’s sideways action ended in disappointment for bulls. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView New lows “just a matter of time” Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it dropped 6.2% in a single hourly candle. Reacting, traders hoped…
With Everlance, create an IRS-compliant mileage log and sync your bank accounts and credit cards for expense and receipt tracking. This application is particularly appreciated by freelancers. Advantages GPS used to create an IRS compliant mileage log Syncs with bank or credit card for expenses and receipts Export mileage and expense reports in PDF, CSV…
Property, plant and equipment are physical or tangible assets that are long-lived assets that generally have a lifespan of more than one year. The following are examples of tangible capital assets (fixed assets): Vehicles like trucks Office furniture Machinery Buildings Undeveloped land Fixed assets are also known as fixed assets, which are long-lived physical assets….
According to a Sunday Twitter post by Binance CEO Changpeng Zhao, also known as CZ, only about 50 out of 7,000 users claiming to be employees of the world’s largest cryptocurrency exchange on Linkedin are real. The crypto executive lamented the lack of a real-ID authentication system on Linkedin, saying: “I wished LinkedIn has a…
Roth IRA Vs. Traditional IRA How do I qualify for a Roth IRA? As a single taxpayer, you simply need to have a Modified Adjusted Gross Income (MAGI) of less than $129,000 to make the maximum contribution. Contribution amounts are reduced as your income approaches $144,000, after which you no longer qualify for a Roth…
Many owners of precious Bored Ape Yacht Club (BAYC) and CryptoPunks nonfungible tokens (NFTs), who used them as collateral to take out loans in Ether (ETH), have failed to repay their debts. The situation could lead up to the NFT sector’s first massive liquidation event. gm. As a result of the floor dropping to 72, the…
What is an annual ARM cap? An annual ARM cap is a clause in the contract of an adjustable rate mortgage (ARM), limiting the possible increase in the interest rate of the loan during each year. The cap, or limit, is usually set in terms of rates, but the dollar amount of principal and interest…