Laura Saunders

speaker

5,937 appearances 109 recordings 1 series first heard Jul 2017 last heard Nov 2024

Laura Saunders’s voice in public audio — every appearance, attributed to the second.

Trend

recordings per month · last 12 months

No recordings in the last 12 months.Older appearances are listed below; set an alert to hear about the next one.

Appearances

newest first · ▶ plays the moment

WSJ Your Money Briefing · Money Moves to Make Now to Reduce Next Year’s Tax Bill · 1 Nov 2024 podcast

I won't go into them.

But for four years, you haven't had to take any distributions.

Now, the IRS has released rules about who has to and who doesn't have to, and people should look those up if they're not completely clear about their own situation.

Because people haven't been taking distributions, it might be that they're inclined to just take the minimum going forward, but that could leave you with a gigantic balloon payment in the last year that bumps you up one or more tax rates.

So don't just think about always taking the minimum.

think about taking the amount of money that will hold your tax rate lowest over several years.

They've become really, really popular, so popular that Treasury released a lot of data about them last year.

And people might want to take a look at whether they could help them.

Now, there are two general categories of home energy credits.

One is for really big-ticket items, things like solar panels.

And

In 2023, taxpayers took over $6 billion worth of those credits.

So they're finding them useful, and you might too.

A credit is better than a deduction.

A deduction just reduces your taxable income, but a credit actually knocks that amount of money off your taxes.

So if it's a $1,000 tax credit, you pay $1,000 less in tax.

And for these...

Big ticket items like solar panels, the average credit was about $6,000.

Then there's another category for smaller ticket items, home insulation, energy-efficient air conditioners, things like that.

This year, it's much easier to get those credits because next year, they're still in the law, but the manufacturers are going to have to give each one of their items a number, and you're going to have to put that number on your tax return.

Showing 41–60 of 5,937 · page 3 of 297