Market Trends, REIT Insights, and Tax Tips for 2024 (08/17/2024)  In this episode, we tackle recent market volatility, offering tips on staying disciplined and avoiding emotional decision-making. Next, we explore Real Estate Investment Trusts (REITs), examining their performance, yields, and the effects of interest rate changes on their value. We then break down Charitable Remainder Trusts (CRTs), highlighting their benefits, including immediate partial income tax deductions and capital gains tax avoidance, while also discussing their role in future charitable giving. Finally, we discuss the tax implications for service workers’ tips, covering potential changes in taxation, the importance of accurate tip reporting, and how it affects FICA taxes and eligibility for tax credits and subsidies.

Market Trends, REIT Insights, and Tax Tips for 2024 (08/17/2024)  In this episode, we tackle recent market volatility, offering tips on staying disciplined and avoiding emotional decision-making. Next, we explore Real Estate Investment Trusts (REITs), examining their performance, yields, and the effects of interest rate changes on their value. We then break down Charitable Remainder Trusts (CRTs), highlighting their benefits, including immediate partial income tax deductions and capital gains tax avoidance, while also discussing their role in future charitable giving. Finally, we discuss the tax implications for service workers’ tips, covering potential changes in taxation, the importance of accurate tip reporting, and how it affects FICA taxes and eligibility for tax credits and subsidies.

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