For those lost on the 2023 tax season, here's a guide covering 2022 tax brackets, gig income, how crypto is taxed and the loss of the expanded child-tax credit.
That sum may bump you into a higher tax bracket, and depending on where you live, you may owe other state and local taxes. Taxes on this money can get tricky in a hurry, so it’s a good idea to consult a reputable tax preparer.
If you’re a lottery winner, consider taking a lump-sum payment rather than receiving your winnings over 30 years., the highest tax brackets are wealth-friendly right now, but they may not stay that way. If you inherited money, you may owe state tax on those funds depending on where you live. For 2022, the estate will owe
only if the total value of the estate exceeds $12.06 million. In 2023, this federal exemption limit increases to $12.92 million. Some states levy their own estate taxes as well.The nature of your legal settlement determines how much in taxes you will pay — or if that money is taxable at all.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
An Insiders Guide to the 2023 Chicago River Dyeing and St. Patrick's Day in ChicagoWe’re all Irish on St. Patrick’s Day, the saying goes. But in Chicago, we’re all Irish the weekend before — when the Chicago River is dyed green.
Read more »
An Endorsement Guide to the 2023 Chicago Mayoral Runoff ElectionWhile only a week has passed since the first round of the Chicago mayoral election, candidates Brandon Johnson and Paul Vallas have less than a month to win over voters before the April 4 runoff election.
Read more »
Mega Medicham Raid Guide For Pokémon GO Players: March 2023Mega Medicham is coming to PokemonGO and Trainers will have to build a team of powerful Flying-types and Ghost-types to defeat this raid and earn their own Mega Energy. Pokemon
Read more »
Winter driving guide 2023Weather forecasts suggest it's going to be seriously cold tonight, which means driving conditions could be treacherous ❄️🥶 However, if you need to stay mobile, these are our top tips:
Read more »
A Handy Guide to the 2023 Oscar NomineesFrom the no-brainers (Everything Everywhere All at Once) to the dark-horse contenders (Triangle of Sadness!), here are our picks to win.
Read more »
Editor’s Letter: Inside Robb Report’s March 2023 Spring IssuePrepare to dive into the latest issue of Robb Report and explore a world of luxury like you've never seen before. We've got all the latest trends covered, from electric boats to bespoke tailoring.
Read more »