Follow these detailed steps with screenshots for how to adjust the cost basis in FreeTaxUSA when you sell ESPP shares. Otherwise you will get double-taxed.
Follow these detailed steps with screenshots for how to adjust the cost basis in H&R Block when you sell ESPP shares. Otherwise you will get double-taxed.
Follow these detailed steps with screenshots for how to adjust the cost basis in TurboTax when you sell ESPP shares. Otherwise you will get double-taxed.
If you get health insurance from ACA, the government sets the percentages of income you are expected to contribute toward a benchmark policy.
An unusually high marginal tax rate isn’t a problem. You’re rewarded with paying lower taxes. You live on after-tax dollars, not rates.
Use this calculator to see the marginal tax rate on Roth conversions and long-term capital gains when you also receive a subsidy on ACA health insurance.
When you are a resident of California or New Jersey, having an HSA and especially investing in the HSA require extra tax reporting. Here’s how to do it.
This calculator helps you decide whether you should sell and re-buy your home in order to eliminate or reduce future capital gains tax.
Vanguard, Fidelity, and Schwab default cost basis tracking method to average cost for mutual funds. Here’s how you can change it to specific identification to minimize taxes.
When you are in the 15% tax bracket or below, long-term capital gains are taxed at 0%. Take advantage of the tax-free capital gains and reset your cost basis higher.
You will pay an extra 10-15% tax if you convert to Roth or realize capital gains while you receive the premium subsidy under the ACA.
This is the third and final installment on my Asset Rich Income Poor strategy. The road to asset rich sounds simple at a high level but it’s not that easy at the details level, because every decision you make has tradeoffs. The tradeoffs affect the final outcome in ways you can’t know for sure. I […]