Did you receive a tax refund this year? Recent data released by the Internal Revenue Service (IRS) shows the average tax refund amount is up $178 at the end of March 2024 compared to the same time last year.
If Santa season has snuck up on you and you’re not sure how to fund the holiday fun, you’re not alone. First Bank would like to provide a few helpful tips to help you navigate the expense of the holiday merriment.
This article is designed to broadly discuss investment return taxation, while covering a range of topics, including the types of income, basis, capital gains and losses, holding periods, taxable income considerations, and the strategic use of capital losses.