Posts tagged "tax"

How is capital gains tax worked out on shares you sell?Capital gains tax is charged on the profit when you sell shares for more than you paid. How long you held them decides the rate. Here's how the gain is calculated, why one year matters, and how losses help.October 20, 2026

Roth IRA or traditional IRA: which one should you choose?A traditional IRA can cut your tax now and taxes withdrawals later. A Roth IRA gives no tax break now, but qualified withdrawals, growth included, are tax-free. The choice mostly comes down to whether you expect a higher tax rate now or in retirement.October 20, 2026

Should you take the standard deduction or itemize?Take whichever is bigger. Add up what you could itemize on Schedule A - mortgage interest, state and local taxes, charity, large medical costs - and compare it with your standard deduction. For most US taxpayers, the standard deduction wins.October 20, 2026

What is an HSA, and why is it called triple tax-advantaged?A Health Savings Account lets you save for medical costs with three tax breaks at once - money goes in untaxed, grows untaxed and comes out untaxed for qualified medical expenses. Here's how it works and who can open one.October 20, 2026