123rf Gardening doesn’t have to be expensive to be enjoyable and rewarding. With a little creativity and planning, you can create a beautiful outdoor space without breaking the bank. Gardening on a budget is all about using resources wisely, repurposing items, and making smart choices. Here are six easy and affordable gardening tips to help you garden smart while keeping costs low. 1. Start with Seeds, Not Seedlings One of the simplest ways to save […]
123rf Planning for retirement can be one of the most exciting yet challenging phases for couples. With so many retirement planning tools and resources available, finding the right guidance can feel overwhelming. Books can be a fantastic way for couples to dive into financial strategies together, learn from experts, and get on the same page about their retirement goals. Here’s a list of seven insightful books that are packed with practical advice and tailored to […]
If you’re familiar with tax loss harvesting, you may recognize its close cousin – tax gain harvesting or capital gains harvesting. Tax loss harvesting is when you realize previously unrealized losses (sell stock that is down) to lower your realized capital gains on the year. It’s one of the most popular year end tax moves you can make to reduce your taxable income. Capital gains harvesting is when you take advantage of your taxable income situation and realize some unrealized gains (sell stock that is up) because you will be favorable taxes on that gain. As always, consult with a financial professional before making any decisions. How does capital gains harvesting work? If you are sitting on large unrealized capital gains and expect to be in a lower tax bracket this year than in the future, you can sell those assets, realize the capital gain, and pay a lower rate. This is most effective when realizing long term capital gains (gains on assets you’ve held for over a year) while you are in the 0% long term capital gains tax bracket. For 2024, these are the income brackets for the 0% long term capital gains tax rate: Tax rateSingleMarried filingjointlyMarried filingseparatelyHead ofHousehold0%$0 – $47,025$0 – $94,050$0 – $47,025$0 – $63,00015%$47,026 – $518,900$94,051 – $583,750$47,026 – $291,850$63,001 – $551,35020%$518,901+$583,751+$291,851+$551,350+ For 2025, they will be: Tax rateSingleMarried filingjointlyMarried filingseparatelyHead ofHousehold0%$0 – $48,350$0 – $96,700$0 – $48,350$0 – $64,75015%$48,351 – $533,400$96,700 – $600,050$48,351 – $300,000$64,751 – $566,70020%$533,401+$600,051+$300,001+$566,701+ In 2024, if you are single and have no taxable income, you could harvest $47,025 of capital gains without paying any taxes. Remember, taxable income is your adjusted gross income minus any deductions (standard or itemized). The idea is that because of your income, you can now realize a gain and reset its basis without being taxed on it. With taxable gain harvesting, there’s no worry for a wash sale rule or anything like that. You can sell and buy back the asset immediately. Is it worth it? Like many similar tactics, it depends on your situation. The benefit is in how much gain you’re shielding from the dreaded 15% long term capital gains rates. You’re saving 15% in long term capital gains tax but limited based on your current income. If you’re single and you made just $10,000 in taxable income, then you can shield $38,350 in long term gains. That’s worth $8,752.50. You’re also resetting the basis of the holding (assuming you buy back in) without any risk. Whether that’s worth your time depends on how much your time is worth! Is there a catch? You have to be very careful at the income crossover points. In 2025, if you’re single and your taxable income is $48,349, then you pay 0% on long term capital gains. If you income was just a few dollars higher, such as $48,352, then you’ll pay 15% on long term capital gains. And since you’ll have to make this decision before the end of the calendar year, it
WE tv Mama June, born June Shannon, rose to fame as the matriarch of the hit reality TV series Here Comes Honey Boo Boo. Her larger-than-life personality captivated audiences, and the show gave fans an inside look at the family’s everyday life and Southern charm. As her fame grew, so did her financial ups and downs. Over the years, Mama June’s net worth has fluctuated significantly due to her personal struggles, career choices, and reality […]
After an economic failure, panic ensues. The market crashes, everyone scurries around looking for stability, yet no one seems to know how to calm the mass hysteria. If the economy fails, one way to avoid launching into a crisis involves owning a stable home. When these recessions happen, housing prices plummet alongside interest rates and … Read more
10 Eco-Friendly Cars That Will Save You Money Over Time <img decoding="async" class="alignnone wp-image-25595 size-full" title="10 Eco-Friendly Cars That Will Save You Money Over Time" src="https://www.ourdebtfreefamily.com/wp-content/uploads/2024/11/pexels-mr-location-scout-22994825-6698127.jpg" alt=" As sustainability becomes a priority for many of us, eco-friendly cars are rapidly gaining traction, offering the dual benefits of saving money and reducing environmental impact. From hybrids to fully electric models, these vehicles are designed to help you cut down on fuel and maintenance costs while embracing […]
Wine Pairing for Beginners: 6 Simple Tips to Elevate Your Meals <img loading="lazy" decoding="async" class="alignnone wp-image-25568 size-full" title="Wine Pairing for Beginners: 6 Simple Tips to Elevate Your Meals" src="https://www.ourdebtfreefamily.com/wp-content/uploads/2024/10/pexels-cup-of-couple-8472929.jpg" alt=" Wine pairing might seem overwhelming for newcomers, but it can be an exciting journey that transforms your meals into delightful experiences. Whether you are hosting a dinner party or enjoying a casual meal, understanding the basics of wine pairing allows you to enhance the flavors […]
1. We’re still trying to cure ballots before we run out of time to save the House, can you help? Actions we can take: subscribe to independent journalism outlets not owned by billionaires and take away money from NYT, WaPo etc. The Guardian comes to mind, the Philly Inquirer refused to bend a knee, I’ve […]
Looking to make a quick buck? How about a couple hundred pounds for 1 hour of your time? Or, maybe it’s the lavish lifestyle you crave, where your hard work will have you living like a king or queen? Well, whichever you find most tempting, joining the adult industry offers many lucrative opportunities. Sex sells, […] The post 5 Easy Ways to Make Money in the Adult Industry appeared first on Make Money Without A […]
Lots of folks think saving money is boring or not fun. If you feel that way, it’s okay. I want to show you how to enjoy yourself while putting money aside. Many people go through the process of paying off debt and saving for some kind of financial goal, and they’re simply getting tired of it. It’s the same thing month after month. It has become monotonous and strenuous, and they don’t have the motivation […]
WiseStacker Building A Wealth Fortress Or ‘Die With Zero’? Building A Wealth Fortress Or ‘Die With Zero’? I recently finished listening to an intriguing audiobook called Die With Zero (find it on Amazon). The author, a successful and wealthy commodities trader, presents a bold argument: we should aim to fully spend our money within our lifetime. His philosophy suggests that instead of focusing on accumulating assets, we should live ‘our best lives’, seek out […]
Filing for bankruptcy is a significant financial step that affects many aspects of your life, including your ability to apply for credit. If you’ve recently filed for bankruptcy, you may wonder how soon you can apply for credit after filing Chapter 13. While you might need to be patient, there are ways to reestablish credit […] The post How Soon Can You Apply For A Credit Card After Filing For Bankruptcy? appeared first on Personal […]
Time to clean up some browser tabs! Here are some class action settlements that may apply to you as of November 2024. The trick is to take action and file now before you forget… and then forget! I say this because they could take several months or longer to finally pay out. When they do show up, it’ll be a nice surprise. Many times they end up more than the initially indicated amount. Vanillaicecreamsettlement.com – […]