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Investments and Taxes Tax Tips

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Guide to Taxes on Dividends
If you received dividends from any of your investments this year, you may have to pay income tax on these payments. The Internal Revenue Service considers most dividends to be taxable income. So regardless of the amount of your dividend payments, you will likely need to report them on your tax return. Read more…

Deductions Allowed for Contributions to a Traditional IRA
The contributions you make to a traditional IRA account may entitle you to a tax deduction each year. Read more…

The Tax Benefits of Your 401(k) Plan
Your contributions to a qualified 401(k) may lower your tax bill and help you build financial security. Read more…

Capital Gains and Losses
What is a capital asset, and how much tax do you have to pay when you sell one at a profit? Find out how to report your capital gains and losses on your tax return with these tips from TurboTax. Read more…

What Is Form 6198: At-Risk Limitations
Most investors go into business expecting to make a profit. But, when business expenses exceed profits and a loss occurs, a tax deduction may be the only silver lining. The Internal Revenue Service (IRS) usually allows taxpayers to deduct money spent on a business up to a certain limit. Tax form 6198 helps you to figure out the amount you can deduct when part of your investment falls into the "at-risk" category. Read more…

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