Jacob Wade

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Both ETFs and mutual funds allow you to invest in a basket of securities -- such as stocks or bonds -- within a single investment. Both are taxed on capital gains and dividends and both are subject to the same tax rates based on short-term or long-term holdings. Learn More: 6 Genius Things All Wealthy People Do With Their Money ETFs are inherently more tax efficient due to how the investments are structured. Investors may be able to save some money by understanding how ETFs and mutual funds are taxed. Here's everything you need to know about ETF vs. mutual fund tax efficiency. Overview of ETFs and Mutual Funds ETFs and mutual funds can hold very similar investments, such as stocks, bonds, U.S. Treasuries, commodities and other securities. And both are taxed in a similar way: Dividends paid out by a mutual fund or ETF are taxed at your ordinary income tax rate.Holding an ETF or mutual fund for less than one year and selling will result in a short-term capital gain or loss.Holding an ETF...

If you give regularly to your church as a tithe, you might be wondering if it's tax deductible. It can be, but there are a few things you need to know first. Here's how to determine if your tithe is tax deductible, how much you can deduct and what requirements must be met. Explore More: 6 Genius Things All Wealthy People Do With Their Money Key Points on Tithing and Taxes Tithing is tax deductible, but only if you meet certain requirements, such as: You can deduct your tithe only if you are itemizing your tax deductions for the year.Tithing is only deductible if you give to a qualified charitable organization, which is usually a 501(c)(3).You can only deduct tithing up to 50% of your adjusted gross income, though excess giving can be rolled over and deducted for up to five years.Tithing over $250 at a time requires written acknowledgement from your church to be deductible. Tax Laws Surrounding Charitable Donations In general, charitable donations are tax deductible, and this includes...

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Fixed asset turnover is a key metric that helps investors and businesses understand how effectively a company uses its fixed assets to generate revenue. By analyzing this ratio, decision-makers can gauge operational efficiency and uncover opportunities for growth. Keep reading to learn more. Explore More: 7 Reasons You Should Consider a Financial Advisor -- Even If You're Not Wealthy What Is Fixed Asset Turnover? Fixed asset turnover is a ratio that compares a company's net sales to the net book value of its fixed assets, which accounts for accumulated depreciation. It highlights how efficiently a company uses its fixed assets to generate revenue. The FAT ratio is generally used by investors to evaluate businesses in asset-heavy industries like retail or manufacturing. A higher ratio indicates greater efficiency in generating revenue from fixed assets, while a lower ratio suggests less effective utilization. How To Calculate Fixed Asset Turnover You can use this formula to calculate...

While there are a lot of great budgeting and financial management apps out there--did you know some banks have budgeting features built into your bank account? Find Out: I'm a Bank Teller: 6 Top Ways...