When the tedium of filing your tax return is finally over, usually you receive a refund with all the excess money the government collected beyond your actual tax liability. Many taxpayers look for opportunities to reduce their overall tax bill to get a larger refund check, and while there is some logic to this, there’s also a big drawback.
There are several ways to reduce your overall tax liability, and understanding these mechanics will show you why a large tax refund may not be the treat you think it is.
Make sure to choose the proper status or risk paying too much in taxes. Image Source: Getty Images
1. Choose the right tax filing status
There are five tax filing statuses for you to choose from: single, head of household, married filing jointly, married filing separately, and qualified widow(er). Using the right one is important because it affects your standard deduction and your income tax bracket.
Top Insurance Stocks To Buy Right Now: Google Inc.(GOOG)
Google Inc. maintains an index of Web sites and other online content for users, advertisers, and Google network members and other content providers. It offers AdWords, an auction-based advertising program; AdSense program, which enables Web sites that are part of the Google Network to deliver ads from its AdWords advertisers; Google Display, a display advertising network that comprises the videos, text, images, and other interactive ads; DoubleClick Ad Exchange, a real-time auction marketplace for the trading of display ad space; and YouTube that provides video, interactive, and other ad formats for advertisers. The company also provides Google Mobile that optimizes Google?s applications for mobile devices in browser and downloadable form; and enables advertisers to run search ad campaigns on mobile devices, as well as Google Local that provides local information on the Web; and Google Boost for small businesses to participate in the ads auction. In addition, it offers And roid, an open source mobile software platform; Google Chrome OS, an open source operating system; Google Chrome, a Web browser; Google TV, a platform for the consumers to use the television and the Internet on a single screen; and Google Books platform to discover, search, and consume content from printed books online. Further, the company provides Google Apps, a cloud computing suite of message and collaboration tools, which includes Gmail, Google Docs, Google Calendar, and Google Sites; Google Search Appliance that offers real-time search of business and intranet applications, and public Web sites; Google Site Search, a custom search engine; Google Commerce Search for online retail enterprises; Google Checkout to make online shopping and payments streamlined and secure; Google Maps Application Programming Interface; and Google Earth Enterprise, a firewall software solution for imagery and data visualization. Google Inc. was founded in 1998 and is headquartered in Mountain View, California.
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The weekly chart of Google (NASDAQ: GOOG) below shows both indicators. While both generally move in the same direction, the AD Indicator seems to show a divergence that the AD Line misses at the top, which formed in the summer of 2011. Both indicators are usually equally effective and the best one to use is the one the trader is most comfortable with.
- [By Chris Neiger]
One of the building blocks of GM’s future is the company’s autonomous ride-hailing service, expected to debut later this year in San Francisco. That service follows Alphabet (NASDAQ:GOOG) (NASDAQ:GOOGL) subsidiary Waymo’s commercial ride-hailing service, which launched in Arizona at the end of 2018.
- [By Evan Niu, CFA]
Alphabet (NASDAQ:GOOG) (NASDAQ:GOOGL) subsidiary Google has been making strides in consumer hardware, generating an estimated $3 billion in gross profit last year. However, much of that success is likely attributable to the search giant’s Pixel phones and increasingly popular lineup of smart speaker and smart-home devices. Google almost certainly has a Pixel Watch smartwatch in the works, too. In contrast, critics have mostly panned Google’s laptopand tabletlineup, the Pixelbook and convertible Pixel Slate.
- [By Adam Levy]
It seemed that AT&T’s plan to make DIRECTV NOW profitable was to offer customers add-on services like cloud DVR or additional streams. The company might also be able to leverage its small digital advertising business to improve ad sales on the streaming platform. But the service may have been stymied by competition from Hulu and Alphabet’s (NASDAQ:GOOG) (NASDAQ:GOOGL) YouTube, which have eaten into AT&T’s market share and both include cloud DVR with their services.
Top Insurance Stocks To Buy Right Now: Truett-Hurst, Inc.(THST)
Truett-Hurst, Inc., incorporated on December 10, 2012, is a holding company. The Company produces and sells premium, super-premium, ultra-premium and luxury wines and other select beverage alcohol products made from wine. Its segment consists of wholesale, direct to consumer and internet. Its wholesale segment includes its retail brand label model and four fully owned brands through the three-tier distribution system. Its direct to consumer segment includes its brands occurring through its tasting rooms and wine clubs. Its internet segment includes sales, which occur through Wine Spies and principally consist of brands not owned by the Company. It also purchases semi-finished bulk wine and finished goods from both foreign and domestic producers. Its wines include Pinot Noir, Chardonnay, Sauvignon Blanc, Zinfandel, Petite Sirah, Merlot, and Cabernet Sauvignon and are sold across a various price points via three distinct distribution channels: three-tier, direct to consumer and Internet. Its Wine sales in the three-tier channel are sold to distributors with programs available to the broad market or to specific retailers on an exclusive basis.
The Company sells its wine under various categories, such as premium ($12-$14 per bottle retail price), super-premium ($15-$24 per bottle retail price), ultra-premium ($25-$49 per bottle retail price) and luxury ($50+ per bottle retail price). It offers its products under various brands, including Truett Hurst, VML, Bradford Mountain, Healdsburg Ranches, The Criminal, Dearly Beloved, Sauvignon Republic, Mad Duck, California Square and Colby Red. It operates two wineries where wine is produced from a range of grapes. Its VML winery, which is a leased facility, can crush, ferment and oak barrel age approximately 500 tons (35,000 cases) of ultra-premium grapes annually, with capacity to increase to 2,000 tons.
The Company competes with Constellation Brands, Inc., E.&J. Gallo Winery, Bronco Wines, Winery Exchange Inc., Vintage Wine Estates, De! licato Family Vineyards and Diageo plc.
- [By Logan Wallace]
Media coverage about Truett-Hurst (NASDAQ:THST) has trended somewhat positive on Tuesday, Accern Sentiment reports. The research firm identifies positive and negative news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Truett-Hurst earned a daily sentiment score of 0.19 on Accern’s scale. Accern also assigned media coverage about the company an impact score of 45.6772286424113 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
- [By Max Byerly]
Press coverage about Truett-Hurst (NASDAQ:THST) has trended somewhat positive this week, Accern Sentiment reports. Accern identifies negative and positive media coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Truett-Hurst earned a coverage optimism score of 0.19 on Accern’s scale. Accern also gave media headlines about the company an impact score of 45.6772286424113 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Top Insurance Stocks To Buy Right Now: Computer Task Group, Incorporated(CTG)
Computer Task Group, Incorporated operates as an information technology (IT) solutions and staffing services company in North America and Europe. Its IT solutions include the implementation and optimization of packaged software applications; development and deployment of customized software and solutions designed to fit the needs of a specific client or market; and design and distribution of complex technology components. The companys IT and other staffing solutions include recruiting, retaining, and managing IT and other talent primarily for technology service providers and companies with multiple locations. It also provides IT services for the healthcare provider market that include clinical systems integration and implementation, application management, technology support for medical imaging, training, and technical resources. The company serves technology service and healthcare providers, health insurers, and diversified industrials markets, as well as manufacturing, life sciences, and financial services companies. The company was founded in 1966 and is headquartered in Buffalo, New York.
- [By Stephan Byrd]
Computer Task Group (NASDAQ:CTG) and Endava (NYSE:DAVA) are both small-cap computer and technology companies, but which is the superior business? We will compare the two businesses based on the strength of their earnings, analyst recommendations, risk, institutional ownership, valuation, dividends and profitability.
- [By Logan Wallace]
Get a free copy of the Zacks research report on Computer Task Group (CTG)
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- [By Ethan Ryder]
Computer Task Group (NASDAQ:CTG) was downgraded by analysts at Zacks Investment Research from a hold rating to a sell rating. According to Zacks, “Computer Task Group, Incorporated provides information technology (IT) staffing, IT solutions, and application management outsourcing services in North America and Europe. The company’s staffing services consist of recruiting, retaining, and managing IT talent for its clients. Its IT solutions include helping clients assess their business needs and identifying the IT solutions for these needs, as well as the delivery of services, including the selection and implementation of packaged software, and the design, construction, testing, and integration of new systems. It serves primarily technology service providers, financial services, healthcare, and life sciences market areas.Computer Task Group was founded in 1966 by Randolph A. Marks and G. David Bae. The company is headquartered in Buffalo, New York “