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TL;DR
The what-you-may-have-missed-but-need-to-know-fast roundup from Wintrust.
TL;DR
The what-you-may-have-missed-but-need-to-know-fast roundup from Wintrust.
What we’re talking about: Getting ready for Tax Day.
If the surge in tax-preparation commercials has not alerted you already, it’s officially tax season. Learn about the taxes you already pay, what to expect after certain life changes in the past year, and even tax breaks to consider in the future, in our latest roundup.
What You Need To Know About 6 Common Types of Taxes
“In the U.S., individual income taxes are levied, or collected, on a federal level, as well as in some state and local governments. On a federal level, these taxes are progressive, which means the tax rate increases as taxpayer income increases.”
Tax Rules To Remember When Searching for a New Job
“While tax season may be an unwelcoming time due to job loss, it’s important to remember it may not hit so hard. To best prepare, set aside the amount corresponding to your tax bracket last year when receiving unemployment checks if your finances allow.”
The Tax Guide for First-Time Investors
“Depending on how you invest and the products you select, it’s important to consider the tax impact of your investment style. While easy to forget when you press ‘buy’ for the first time, knowing these three wrinkles in the law when tax time arrives is key to easing your future investment tax burden.”
How to Get a Tax Break for Buying a Historic Home
“No matter what state you live in, you may be able to qualify for the federal Historic Rehabilitation Tax Credit (HTC). Through this credit, homeowners who own a historic income-producing building (can) receive 20% of the qualifying costs spent on rehabilitating their historic property.”
Finally, expecting a refund this year? This budget guide will help you make the most of every dollar.