Schwab MoneyWise ®
Schwab MoneyWise®

Taxes

Is Interest on a HELOC Still Tax-Deductible?

by Carrie Schwab-Pomerantz
July 18, 2018

Interest on a HELOC may still be tax-deductible, but there are new laws and limits.
Does Your Teen Need to File a Tax Return?

by Carrie Schwab-Pomerantz
February 21, 2018

Whether or not your teen needs to file a tax return, a first job can be a great lesson in financial reality.
Can I Protect My Retirement Income and 401(k) From Taxes?

by Carrie Schwab-Pomerantz
November 08, 2017

Income taxes are a fact of life even in retirement. Understand what's taxable, and at what rate, so there are no surprises.
Planning to Rent Out Your Vacation Home? Understand the Tax Rules.

by Carrie Schwab-Pomerantz
September 20, 2017

Renting out a vacation home can help defray your costs—but the tax rules are complicated. To avoid a big IRS headache, pay close attention and keep accurate records.
What Happens If You Take an Early Withdrawal From a 401(k) or IRA?

by Carrie Schwab-Pomerantz
August 02, 2017

Beware taking an early withdrawal from your 401(k) or IRA. It can cost you in more ways than one.
Could Your Financial House Use Some Spring Cleaning?

by Carrie Schwab-Pomerantz
March 08, 2017

Overwhelmed by financial clutter? A little spring cleaning now could save you time and money later.
How Are Social Security Benefits Taxed?

by Carrie Schwab-Pomerantz
February 22, 2017

Social Security benefits plus added income may make you comfortable—but the IRS may also want its share.
Tax Basics: What's Your Tax IQ?

by Carrie Schwab-Pomerantz
February 15, 2017

Knowing certain tax basics can help you use tax software or talk to a tax professional with confidence.
Tax-Free Gift Limits: How Much Money Can You Give?

by Carrie Schwab-Pomerantz
December 07, 2016

Current gift tax exclusions are pretty generous, but before you write that special holiday check, know the rules.
Making Money Through a Rideshare Service Is About More Than Driving

by Carrie Schwab-Pomerantz
July 27, 2016

When you’re driving for a rideshare service, you’re running your own business. Have a plan before you get behind the wheel.
Roth IRA Withdrawals: The Exceptions Can Be as Important as the Rules

by Carrie Schwab-Pomerantz
April 06, 2016

With taxes, nothing is simple—including Roth distributions. Get the facts first to avoid taxes and penalties.
Maxing Out Your Tax-Deductible IRA

by Carrie Schwab-Pomerantz
March 23, 2016

Don't let confusion about IRA deductibility rules keep you from maximizing your retirement savings.
Can You Turn Your Investment Loss into Tax Savings?

by Carrie Schwab-Pomerantz
December 02, 2015

No one likes to lose money on investing, but by harvesting capital losses, your losses could be more palatable.
It's Open Enrollment. HSA vs. FSA—What's the Difference?

by Carrie Schwab-Pomerantz
September 30, 2015

Open enrollment is a great time to plan for health care costs and get a tax break, too. Don't ignore it!
This Is What Marriage Equality Looks Like—For Your Finances

by Carrie Schwab-Pomerantz
August 05, 2015

Now that the Supreme Court has legalized same-sex marriage nationwide, it's essential for new couples to familiarize themselves with the financial benefits of marriage.
Will You Have to Pay Capital Gains Taxes on the Sale of Your Home?

by Carrie Schwab-Pomerantz
July 01, 2015

There are generous exclusions for capital gains on the sale of a home—but timing is crucial.
How Do You Value a Gift of Stock?

by Carrie Schwab-Pomerantz
April 01, 2015

Giving a gift of stock is easy. But knowing the value for gift or income taxes can be a bit more complicated.
Required Minimum Distributions: What Are the Dates and Deadlines?

by Carrie Schwab-Pomerantz
March 18, 2015

Turning 70½ is a milestone for you—and the IRS. Get the facts about Required Minimum Distributions and avoid whopping penalties.
Paying for College: Are Scholarships Taxable?

by Carrie Schwab-Pomerantz
February 18, 2015

Favorable tax treatment of scholarship money is only one way Uncle Sam may be able to help you with college costs.
When You Cash Out a Custodial Account, Who Declares the Gains or Losses?

by Carrie Schwab-Pomerantz
February 19, 2014

When you take over a custodial account, the gains--and the losses--are yours for better or worse.

Investing involves risk, including possible loss of principal.

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