RESOURCES
Useful Articlesand Resources
What do I need to do taxes for my side gig or small business?
By Jay Zigmont | Dec 26, 2023
The increasing viability of remote work and the booming gig economy have meant that more and more people have a side gig, or have even taken the plunge to start their own fully fledged small business. Unfortunately, with a side gig or small business, comes questions about how to handle taxes. Here’s what to know […]
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Do I Need a CPA or Tax Preparer?
By Jay Zigmont | Nov 14, 2023
Taxes should be an ongoing consideration, but depending on your employment situation and financial circumstances, you may only worry about them once per year. While you may be able to handle filing your own tax return, there are definitely situations where hiring a professional can work to your advantage, saving you money, time, and a […]
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What is the difference between tax planning & tax filing?
By Jay Zigmont | Nov 7, 2023
You have to file a tax return every year, but taxes are something you should be thinking about in the context of not just next year, but for many years down the road. Why? Your tax obligations can impact your financial situation both short and long term. Let’s take a look at the difference between […]
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How Do Taxes Work If I Sell My House?
By Jay Zigmont | Jun 5, 2023
If you own a home and then sell it, you may owe taxes on the sale if the home has appreciated in value. There are some exceptions to this, however, and a lot depends on how long you’ve been in the home and how you’re using it. Here’s an overview of capital gains taxes on […]
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What Are Property Taxes?
By Jay Zigmont | May 30, 2023
Property taxes boil down to paying somebody for the honor of living somewhere. And as property taxes fund local services like libraries and firefighting, they are worth paying. A major debate in the Childfree community is over whether it’s fair for people without children to pay for schools that they won’t use, but everyone pays […]
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How Does My State Impact My Taxes?
By Jay Zigmont | May 23, 2023
As we’ve already discussed, Childfree Americans pay a lot of different taxes, and this includes those charged not just at the federal level, but also at the state and local level. So there’s really no escaping taxes in some form or another, even if you move to one that does not charge state income taxes (there […]
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How Do Capital Gains Work?
By Jay Zigmont | May 17, 2023
As we’ve already covered, Americans have to pay a lot of different types of taxes. This includes capital gains taxes, which are owed on something you’ve bought and then sold later at a profit. This includes anything you’ve invested in, like a home purchase or stocks that have gained in value. How do capital gains taxes […]
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How Do Income Taxes Work?
By Jay Zigmont | May 8, 2023
As the old saying goes, the only sure things in life are death and taxes. This goes for everyone, even the Childfree community. If you’re a U.S. citizen, you are taxed on your worldwide earnings. This means that even if you’re a citizen who lives elsewhere, you still owe U.S. income taxes on every cent […]
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How Do Taxes Work for Childfree People?
By Jay Zigmont | Apr 30, 2023
Taxes are often a hot topic for the Childfree community. Why is this? It’s common to hear about parents who seem to barely pay taxes at all, by virtue of having children and qualifying for child tax credits, while many Childfree people are already claiming zero on their W-4 form and still owing taxes every […]
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The How and Why of Backdoor Roth Conversions
By Childfree Wealth | Jan 29, 2023
Before you get up to your elbows in this article, make sure you understand Traditional Vs. Roth accounts with this course. Backdoor Roth Conversions are a creative way of getting around income limits for contributing to a Roth IRA if you can meet the requirements for it to work. Roth IRAs have income limits for those […]
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