4 Tax Triggers New Investors Need to Know About
Many Americans started investing for the first time during the pandemic, but even though their trades may have been free, the money involved might soon come with a bill from…
Tina Orem
Tina Orem is NerdWallet's authority on taxes. She's been reporting on and writing about business and finance for over a decade. Her work has been featured by The Associated Press, USA Today, Consumers Digest, Advisor Today and other outlets. Email: [email protected].
Posts by Tina Orem:
Value-Added Tax: What It Is and How VAT Works
If you’ve ever traveled outside the United States and done some shopping, chances are you’ve noticed a value-added tax on your receipts. Here’s what VAT is, how it works, and…
California State Tax: Rates, Who Pays, What to Know
There are nine California state tax brackets: 1%, 2%, 4%, 6%, 8%, 9.3%, 10.3%, 11.3% and 12.3%. Your California state tax bracket and tax rate depends on your taxable income…
Annuities: What They Are and How They Work
Annuities are financial products that could help provide steady income in retirement. But an annuity can be a complex creature. Here’s an overview of how annuities work, their pros and…
What Are Donor-Advised Funds? How DAFs Work
What are donor-advised funds? A donor-advised fund, or DAF, is an account into which you deposit assets for donation to charity over time. You, the donor, get a tax deduction…
What a Payroll Tax Deferral May Mean for Your Paycheck and Taxes
An executive action President Trump issued Saturday on the deferral of payroll taxes could put more money in your pocket soon. Much is still unknown about how the order will…
Pension Plans: Definition and How They Differ From 401(k)s
For some people, a pension is a route to retirement, but often it’s not the only way to get there. Here’s what pensions are, how they work and options if…
Innocent Spouse Relief: How to Get It From the IRS
On joint tax returns, both filers are generally responsible for the tax bill. Innocent spouse relief is a way to avoid paying additional tax you might owe the IRS if…
The Maximum Social Security Benefit in 2020: How to Get It
The maximum Social Security benefit in 2020 is $3,790 per month if retiring at age 70. The max Social Security benefit per month is $3,011 for retirement at age 66;…
How to Do a 1031 Exchange: Definition, Rules and What to Know
If you’re thinking of selling a piece of property that could result in a big profit (and a big tax bill), a 1031 exchange could be a useful strategy. What…
