Wouldn't it be time to get out of this scam?
You should know me by now. I don't make ANY financial recommendations on DDF.I can tell you that I have traded in my IRAs, it really takes away the tax tail from buy and sell considerations. I have a taxable account and the considerations mentioned above are taken into account with every trade, unlike trades in tax-qualified (mostly ROTH IRA) accounts.For example: let's take a speculative play like this one. Say someone put in $1,000 into it in the pre-market and sold later in the day for a total gain of $3,000. Those are short-term capital gains which are taxed at the same rates as ordinary income. And for someone close to a threshold between qualifying for Child Tax Credits and not qualifying, that could be highly detrimental. The actual cost can end up being more than the short-term gain.
The app is now available in Canada
This is incorrect.The Child Tax Credit is phased out by $50 for each additional $1,000 (or fraction thereof) by which your modified AGI exceeds the income threshold. There is no INCOME CLIFF at which you lose the ENTIRE credit. This is the case for nearly all tax credits, for this exact reason.See question A7 and A8 at https://www.irs.gov/credits-deductions/tax-year-2021-filing-season-2022-child-tax-credit-frequently-asked-questions-topic-a-2021-child-tax-credit-basics
Quotes in a signature is annoying, as it comes across as an independent post.
Machlokes haposkim. Acc to mainstream media- yes. According to the others- no. We don’t have a final psak yet.
https://twitter.com/NBCNews/status/1615713876556877824
Looks like it's sinking again.
Just like a nightmare, it keeps getting worse.
