Carry Learning Center

If you’re self-employed and using a Solo 401k to save for retirement, you may be wondering — can you actually trade stocks within the plan?  The short answer: Yes. But there are important tax rules and compliance issues to understand before placing your first trade.  This article is designed to help Solo 401k holders understand how stock [...]

When it comes to your investment returns, taxes can take a bigger bite than you might expect. Beyond federal taxes, state and local taxes (SALT) can also affect how much you actually keep. These extra layers of tax vary based on where you live and what types of investments you hold. That’s why understanding how [...]

For freelancers, 2025 brings important tax changes that could affect how much you keep from your earnings. The standard deduction has been adjusted for inflation, and some key provisions, like the Qualified Business Income deduction, may begin to phase out for higher earners.  At the same time, a few popular tax credits are set to expire [...]

Today, every percentage point counts when choosing a yield strategy.  If you’re chasing income, tax treatment could significantly reduce your returns before you see a dime. Your location plays a big role too. Whether you live in a high-tax state like California or a no-income-tax state like Florida, your combined federal and state rates directly affect [...]

Money market funds have long been touted as potentially tax-friendly options, with so-called “dividends” typically reported as interest income. But as the tax and rate environment evolves in 2025, are they still the most tax-efficient choice?  In this article, we’ll review federal and state tax treatment of money market funds, compare them with alternatives like Treasury [...]

Capital gains are generally taxed as ordinary income by the IRS, although the tax rate on capital gains can be lower than the tax rate on ordinary income, depending on the circumstances and the jurisdiction. The holding time of a capital asset affects the tax rate applied to any capital gains realized from its sale. [...]

Taxes can be confusing, but knowing which deductions and credits you qualify for could mean paying less and keeping more of your money. Whether you’re a parent, a student, a homeowner, or a retiree, there may be ways to reduce your tax bill, depending on your circumstances.  This guide breaks down the most common tax breaks [...]

Running a business comes with expenses, but many of them could be tax-deductible. This could help lower your taxable income and reduce the amount you owe. Access Free [...]

Adjusted Gross Income (AGI) is a financial term used to describe a taxpayer’s total income minus specific deductions. AGI is calculated by taking your gross income (total income from all sources) and subtracting any allowable tax deductions. This number is then used to determine how much of your income is subject to tax, and which [...]