Personal Finance

Leading automated financial advisers — often called”robo-advisers” — such as Wealthfront and Betterment tout daily tax-loss harvesting as a way to significantly increase your returns. But independent research suggests the technique has less effect than claimed and may be more a gimmick than a true advantage for investors. Tax-loss harvesting explained Tax-loss harvesting is a
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4. Don’t forget what you did last year. Use your return from last year as a cheat sheet. This is especially helpful if you are on the margin between taking the standard deduction and itemizing, which could lower your tax liability. To see whether itemizing makes sense, add up your individual deductions, including unreimbursed employee
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The changing dates could be especially confusing for newer taxpayers. A recent survey by H&R Block showed that 66 percent of millennials did not know taxes are due this year on the 17th, even though they were given the choice of the 15th, 16th and 17th. In 2019, Tax Day will return to the usual
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In that legislation, the CFPB was created as an independent consumer-protection agency. However, critics say its structure has allowed the bureau to be an overzealous regulator with no oversight. Consumer advocates, however, point to the more than $12 billion returned to wronged consumers under Mulvaney’s predecessor, Richard Cordray. Since Mulvaney took over, $92.6 million has
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