Here’s how much you can make in 2023 and pay 0% capital gains taxes

vitapix | E+ | Getty Images Planning to sell some investments this year? It’s less likely to affect your 2023 tax bill, experts say. Here’s why: The IRS made dozens of inflation adjustment...

How to decide between pre-tax and Roth 401(k) contributions

Prathanchorruangsak | Istock | Getty Images Whether you’re starting a new job or updating retirement savings goals, you may need to choose between pre-tax or Roth 401(k) contributions — and the ...

Here’s why your tax refund may be smaller this year

Bill Oxford | E+ | Getty Images If you’re banking on a tax refund, it may be “somewhat lower” than last year’s payment, according to the IRS. Typically, you can expect a federa...

Here’s how to report Roth IRA conversions on your taxes

If you made a Roth individual retirement account conversion in 2022, you may have a more complicated tax return this season, experts say.  The strategy, which transfers pretax or non-deductible IRA fu...

Here are 3 moves to make before the 2023 tax filing season opens

mediaphotos | E+ | Getty Images Enlist tax prep help One of the first things to consider: Will you be filing your own taxes this year or tapping an expert to file a return on your behalf? If you’...

Where to keep your cash amid high inflation and rising interest rates

dowell | Moment | Getty Images Investors have many options when saving for short-term goals, and those choices have become more complicated amid high inflation and rising interest rates. While there h...

5 tax, investment changes that could boost your finances in 2023

1. Bigger contribution limits on retirement accounts If you’re eager to boost your retirement savings, there’s good news for 2023: higher contribution limits for your 401(k) and individual...

How to maximize your tax deduction for charitable donations

Members of the Salvation Army play music during the lighting of the world’s largest Red Kettle in the Times Square neighborhood of New York, U.S., on Tuesday, Dec. 1, 2020. Jeenah Moon | Bloombe...

How to use a required minimum distribution for unpaid quarterly taxes

Sdi Productions | E+ | Getty Images If you’re retired and skipped your 2022 tax payments, you can still avoid late penalties with an under-the-radar year-end strategy, experts say. Since taxes a...

You can still reduce your 2022 tax bill with some last-minute moves

‘Take lemons and make lemonade’ with tax-loss harvesting With the S&P 500 Index down nearly 20% for 2022 as of midday Dec. 19, it may be a good time for tax-loss harvesting, which allo...

How to prepare for a 1099-K for online payments and reduce your taxes

Charday Penn | E+ | Getty Images If you’ve accepted payments via apps such as Venmo or PayPal in 2022, you may receive Form 1099-K, which reports income from third-party networks, in early 2023....

Here are 3 ways Gen Z workers can start saving now for retirement

Luis Alvarez | Digitalvision | Getty Images If you’re just out of college, you may be wondering when the right time is to get started with a retirement savings plan. The answer is now, experts s...

The biggest tax changes to know before filing your 2022 return

Tom Werner | DigitalVision | Getty Images Certain tax credits have been reduced  One possible reason for a smaller tax refund is the child tax credit and the child and dependent care tax credit have b...

Here’s why your tax refund may be smaller in 2023, the IRS says

If you’re expecting a tax refund in 2023, it may be smaller than this year’s payment, according to the IRS.  Typically, you get a federal refund when you’ve overpaid yearly taxes or ...

Lesser-known ways to reduce your 2022 tax bill or boost your refund

Charles Taylor | Getty Images 1. If your income is higher in 2022, defer your bonus into 2023 If you’ve had a strong year and expect lower earnings in 2023, you may try to defer a holiday bonus ...

Here’s how to score a charitable tax break on ‘Giving Tuesday’

Ariel Skelley | Getty Images You must ‘itemize’ to claim the charitable deduction When filing your return, you reduce your taxable income by subtracting the greater of either the standard ...

What the ‘millionaire tax’ in Massachusetts means for the wealthy

If you make more than $1 million a year in Massachusetts, you may soon be subject to a “millionaire tax” approved by voters this week through a ballot initiative. The new law creates a 4% ...

What an inverted yield curve means for the economy

Catherine Yeulet | Getty Images What the inverted yield curve means Generally, longer-term bonds pay more than bonds with shorter maturities. Since longer-maturity bonds are more vulnerable to price c...

TreasuryDirect crashes as investors try to beat key I bond deadline

Shapecharge | E+ | Getty Images Investors crashed the Treasury Department website for Series I bonds on Friday as they clamored to lock in a record-high interest rate before a key deadline. I bonds ha...

You must buy Series I bonds by Oct. 28 to get 9.62% annual interest

Insta_photos | Istock | Getty Images If you’re eager to secure 9.62% annual interest for Series I bonds for six months, the deadline is quickly approaching. You must purchase I bonds and receive...

How to save above 401(k) deferral limits with after-tax contributions

If you’ve already maxed out 401(k) plan contributions for 2022 and you’re eager to save more for retirement, some plans have an under-the-radar option, experts say. For 2022, you can defer...

How much income you can have for 0% capital gains taxes in 2023

If you’re planning to sell investments or rebalance your taxable portfolio, you may be less likely to trigger a tax bill in 2023, experts say. This week, the IRS released dozens of inflation adj...

IRS bumps estate-tax exclusion to $12.92 million for 2023

Bernd Vogel | Getty Images Ultra-wealthy Americans can soon protect more assets from federal estate taxes, the IRS announced this week.  Starting in 2023, individuals can transfer up to $12.92 million...

Young, wealthy investors are turning to alternative investments

More advisors are using alternative investments Alternative investments typically fall into four categories: hedge funds, private equity, “real assets” such as real estate or commodities a...

Here’s how to pay 0% capital gains taxes with a six-figure income

Luminola | E+ | Getty Images It’s natural to fixate on portfolio losses, especially with the S&P 500 down more than 20% for the year. But you may still have gains after years of growth, and ...

CNBC ranks the top-rated financial advisory firms of 2022

Finding the right financial advisor to help with your financial needs and goals can be a very complicated process. There are so many things to consider. Every financial advisor has their own area of e...

Here’s how we determine the FA 100 ranking for 2022

Peopleimages | Istock | Getty Images CNBC enlisted data provider AccuPoint Solutions to assist with the ranking of registered investment advisors for this year’s FA 100 list. The methodology con...

CNBC’s FA 100 recognizes advisors who help people make smart money moves

Marko Geber | DigitalVision | Getty Images In times of uncertainty — turbulent markets, high inflation, geopolitical turmoil — we often write about what financial advisors are recommending to clients....

How to use your required minimum distributions for unpaid taxes

Portra | E+ | Getty Images If you’re retired and haven’t made the necessary quarterly estimated tax payments for 2022, there may still be time to avoid late penalties, experts say. Retiree...

Here’s how advisors are helping clients reduce their 2022 tax bill

Hero Images | Hero Images | Getty Images Weigh Roth IRA conversions With the S&P 500 Index down more than 20% in 2022, many investors are eyeing Roth individual retirement account conversions, whi...

Here’s how to pick the best charitable giving strategy

Catherine Mcqueen | Moment | Getty Images It’s easy to transfer cash when a charity pulls at your heartstrings. But other giving strategies may provide a bigger tax break, financial experts say....

Despite fears of a recession, many may give more to charity

With lingering high inflation, stock market volatility and recession fears, it’s easy to see why some Americans might trim charitable giving. But some donors may be eyeing bigger gifts for 2022 ...