Wow! You Can Now Get a Tax Credit For Buying a Used Electric VehicleSubmitted by Desmond Wealth Management, Inc. on March 4th, 2023
2023 brings with it a whole new set of rules related to qualifying for a tax credit for purchasing a used electric vehicle. This is the first time that used electric vehicles have qualified for a tax credit, and although considerably less than the credit for purchasing a new electric vehicle, it does provide an incentive for lower-income taxpayers to acquire an electric vehicle.
Many Taxpayers Will See Smaller Refunds This YearSubmitted by Desmond Wealth Management, Inc. on March 2nd, 2023
Last-Minute Year-End Tax StrategiesSubmitted by Desmond Wealth Management, Inc. on December 4th, 2022
Six Financial Best Practices for Year-End 2022Submitted by Desmond Wealth Management, Inc. on November 22nd, 2022
Managing Gains and Losses in a Turbulent YearSubmitted by Desmond Wealth Management, Inc. on November 15th, 2022
It's been a rough Fall for the stock market - so much so that you should probably carefully review your portfolio and other capital transactions to minimize gains or maximize losses for the year. Remember, capital gains and losses are not just limited to stock transactions. For example, stock losses can offset the gain from the sale of a rental.
Earn 9.62 Percent Tax-Deferred Interest with Series I BondsSubmitted by Desmond Wealth Management, Inc. on September 21st, 2022
Inflation is seldom a good thing, but when it comes to investing, the U.S. Treasury Department has an inflation opportunity that’s downright amazing. You can buy bonds that pay 9.62 percent interest — tax-deferred — with no downside risk, and with no state or local income taxes when you cash them in.