Hit the jackpot to win the largest prize in a competition or game to have a big success or make a big profit, usually through luck: He seems to have hit the jackpot with his new invention.
The odds of a ticket hitting the jackpot by matching five numbers and the Mega Ball are 302,575,350 to 1. Players have a 1 in 12,607,306 shot to win the second prize of at least $1 million.
Hit the jackpot 1 win a jackpot. 2 have great or unexpected success, especially in making a lot of money quickly. Informal Originally, in the late 19th century, jackpot was a term used in a form of poker, where the pot or pool accumulated until a player could open the betting with a pair of jacks or higher cards. Provided by The Motley Fool Hit the Jackpot With NIO Stock? Don't Let Taxes Get You Down
While many investors were drooling over Tesla (NASDAQ: TSLA) shares in 2020, NIO (NYSE: NIO) was behind the scenes making tremendous gains that led to mega profits. Shares of the Chinese electric car maker surged over 1,000 this year, continuing its upward momentum as the most recent earnings report beat Wall Street's estimates.
If the urge to turn those unrealized gains into pocketable profits caused you to sell shares of NIO, you should start thinking about capital gains taxes now. It's best never to be surprised during tax time. GETTY IMAGES Money gift cash wrapped in bow hundred bill Cashing in on profits can be taxing
With the stock market reaching all-time highs, you're probably enjoying the big boost in share prices while shamelessly relegating all tax talk to the back burner. But all investors should remember this: selling stock in a standard brokerage account is a taxable event. This extra income -- although unearned -- will put you in the league of capital gains taxes.
Capital gains are great rewards -- they mean you've made some money in the stock market. When you sell a stock for more than you purchased it for, you have a capital gain. Let's say you purchased 1000 shares of NIO stock for $4 per share and sold all your shares for $50,000. That's a $46,000 capital gain.
The taxes you pay are based on the time period you held the stock in your account. If you held your investment for a year or less, you pay a short-term capital gains rate -- the same rates you pay on the wages you earn from working a job. For example, if you bought shares of Tesla in March and sold in September of the same year, your short-term capital gains will be included in your ordinary income. Short-term capital gains will be taxed at the rates below, climbing as high as 37 if you fall within the highest taxable income range.
Fall foliage festivalteach to be happy . Interactive map of fall foliage. And what about those dead leaves? They provide natural warmth and protection for the tree roots and degrade into a rich compost which, in spring will provide nutrients for the following years leaves so that the cycle may begin once again. Check out the interactive 2020 Fall Foliage Prediction Map here. But if youve got the space, youll be happy with its striking claret-colored fall foliage and the equally appealing texture of the lance-shaped leaves. Drought tolerant and hardy to Zone 6. Katsura (Cercidiphyllum japonicum): The unmistakable heart-shaped leaves emerge purple in the spring and seem to turn buttery yellow overnight in autumn. Falling leaves smell wonderfully like burnt sugar. Hit The Jackpot With Up Crossword 2020 tax brackets
Below are the federal tax brackets for taxes due by April 2021, for the taxable income you earned in 2020.
Hit The Jackpot Crossword
Gallery: 10 Investing Strategies to Become a Millionaire Retiree (The Motley Fool)
Tax Rate
Single Filers
Married Filing Jointly or Qualified Widow
Heads of Household
Married Filing Separately
10
$0 to $9,875
$0 to $19,750
$0 to $14,100
$0 to $9,875
12
My fictitious company liveries - trading names are MAC BUS, MAC Connect, MAC Express, & MAC Holidays. This set contains blank paperbuses (i.e. With no particular livery, just white). If you wish to use these blank models, such as to paint on a livery from a certain transit authority, please contact me at ryanflores01@gmail.com to inform me of which model you are using and what you will be doing with it. I kindly ask that you leave the original credits on the bus. If there is a need. Paperbuses of real and fictitious companies. MACBUSES are a fictitious bus company. This site will contain my paperbuses of various companies and liveries. First Cymru - YX65 RHY (67091) by Joshua's Paperbuses 10 Paperbus Net of 67091, an Enviro 200MMC in First Cymru's Olympia livery with branding for Swansea UniBus service 8. Alternatives to PaperBus for Windows, Mac, Android, iPhone, Linux and more. Filter by license to discover only free or Open Source alternatives. This list contains a total of 25+ apps similar to PaperBus. List updated: 2:05:00 AM. Mac busesmy paper buses for sale .
$9,876 to $40,125
$19,751 to $80,250
$14,101 to $53,700
$9,876 to $40,125
22
$40,126 to $85,525
$80,251 to $171,050
$53,701 to $85,500
$40,126 to $85,525
24
$85,526 to $163,300
$171,051 to $326,600
$85,501 to $163,300
$85,526 to $163,300
32
$163,301 to $207,350
$326,601 to $414,700
$163,301 to $207,350
$163,301 to $207,350
35
$207,351 to $518,400
$414,701 to $622,050
$207,351 to $518,400
$207,351 to $311,025
37
$518,401 or more
$622,051 or more
$518,401 or more
$311,026 or more
Data source: IRS. A long-term strategy can save you money
If you've held your investments for over a year, the IRS will reward you with lower long-term capital gains tax rates of 0, 15, or 20 based on your taxable income for the year. For 2020, you can completely bypass taxes on capital gains if your income is $40,000 or less (single filers) or $80,000 or less (married filers). You can also plan ahead for 2021 by keeping in mind that the income amounts for long-term capital gains have increased up to $40,400 for single filers or up to $80,800 for married filers.
If you experienced a decrease in income during the pandemic, the bright side is that you may be eligible to cash in on NIO's meteoric rise without paying taxes on your profits if your income falls within the 0 tax bracket! There's always a way to turn pain into possibilities when you have a long-term outlook. Taxes don't have to be a nightmare
Now that you've earned money in the stock market, you'll have a chance to brag about your capital gains on your tax return. Download Form 8949-Sales and Other Dispositions of Capital Assets to report your short- and long-term stock transactions for the year.
Fortunately, your brokerage handles most of the hard work for you. They'll send you a Form 1099-B that covers all the pertinent stock information you'll need to complete Form 8949 for the IRS. That frees you up to focus more on the exciting stuff -- finding the highest-growth stocks to fund a relaxing retirement and ensuring you hold them for a full year to score the best returns.
Charlene Rhinehart, CPA owns shares of NIO Inc. and Tesla. The Motley Fool owns shares of and recommends Tesla. The Motley Fool has a disclosure policy. Hit The Jackpot Scratch Off SPONSORED:
10 stocks we like better than NIO Inc. Hit The Jackpot Synonym
When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor , has tripled the market.*
David and Tom just revealed what they believe are the ten best stocks for investors to buy right now.. and NIO Inc. wasn't one of them! That's right -- they think these 10 stocks are even better buys. Hit The Jackpot Printable
*Stock Advisor returns as of November 20, 2020
The odds of a ticket hitting the jackpot by matching five numbers and the Mega Ball are 302,575,350 to 1. Players have a 1 in 12,607,306 shot to win the second prize of at least $1 million.
Hit the jackpot 1 win a jackpot. 2 have great or unexpected success, especially in making a lot of money quickly. Informal Originally, in the late 19th century, jackpot was a term used in a form of poker, where the pot or pool accumulated until a player could open the betting with a pair of jacks or higher cards. Provided by The Motley Fool Hit the Jackpot With NIO Stock? Don't Let Taxes Get You Down
While many investors were drooling over Tesla (NASDAQ: TSLA) shares in 2020, NIO (NYSE: NIO) was behind the scenes making tremendous gains that led to mega profits. Shares of the Chinese electric car maker surged over 1,000 this year, continuing its upward momentum as the most recent earnings report beat Wall Street's estimates.
If the urge to turn those unrealized gains into pocketable profits caused you to sell shares of NIO, you should start thinking about capital gains taxes now. It's best never to be surprised during tax time. GETTY IMAGES Money gift cash wrapped in bow hundred bill Cashing in on profits can be taxing
With the stock market reaching all-time highs, you're probably enjoying the big boost in share prices while shamelessly relegating all tax talk to the back burner. But all investors should remember this: selling stock in a standard brokerage account is a taxable event. This extra income -- although unearned -- will put you in the league of capital gains taxes.
Capital gains are great rewards -- they mean you've made some money in the stock market. When you sell a stock for more than you purchased it for, you have a capital gain. Let's say you purchased 1000 shares of NIO stock for $4 per share and sold all your shares for $50,000. That's a $46,000 capital gain.
The taxes you pay are based on the time period you held the stock in your account. If you held your investment for a year or less, you pay a short-term capital gains rate -- the same rates you pay on the wages you earn from working a job. For example, if you bought shares of Tesla in March and sold in September of the same year, your short-term capital gains will be included in your ordinary income. Short-term capital gains will be taxed at the rates below, climbing as high as 37 if you fall within the highest taxable income range.
Fall foliage festivalteach to be happy . Interactive map of fall foliage. And what about those dead leaves? They provide natural warmth and protection for the tree roots and degrade into a rich compost which, in spring will provide nutrients for the following years leaves so that the cycle may begin once again. Check out the interactive 2020 Fall Foliage Prediction Map here. But if youve got the space, youll be happy with its striking claret-colored fall foliage and the equally appealing texture of the lance-shaped leaves. Drought tolerant and hardy to Zone 6. Katsura (Cercidiphyllum japonicum): The unmistakable heart-shaped leaves emerge purple in the spring and seem to turn buttery yellow overnight in autumn. Falling leaves smell wonderfully like burnt sugar. Hit The Jackpot With Up Crossword 2020 tax brackets
Below are the federal tax brackets for taxes due by April 2021, for the taxable income you earned in 2020.
Hit The Jackpot Crossword
Gallery: 10 Investing Strategies to Become a Millionaire Retiree (The Motley Fool)
Tax Rate
Single Filers
Married Filing Jointly or Qualified Widow
Heads of Household
Married Filing Separately
10
$0 to $9,875
$0 to $19,750
$0 to $14,100
$0 to $9,875
12
My fictitious company liveries - trading names are MAC BUS, MAC Connect, MAC Express, & MAC Holidays. This set contains blank paperbuses (i.e. With no particular livery, just white). If you wish to use these blank models, such as to paint on a livery from a certain transit authority, please contact me at ryanflores01@gmail.com to inform me of which model you are using and what you will be doing with it. I kindly ask that you leave the original credits on the bus. If there is a need. Paperbuses of real and fictitious companies. MACBUSES are a fictitious bus company. This site will contain my paperbuses of various companies and liveries. First Cymru - YX65 RHY (67091) by Joshua's Paperbuses 10 Paperbus Net of 67091, an Enviro 200MMC in First Cymru's Olympia livery with branding for Swansea UniBus service 8. Alternatives to PaperBus for Windows, Mac, Android, iPhone, Linux and more. Filter by license to discover only free or Open Source alternatives. This list contains a total of 25+ apps similar to PaperBus. List updated: 2:05:00 AM. Mac busesmy paper buses for sale .
$9,876 to $40,125
$19,751 to $80,250
$14,101 to $53,700
$9,876 to $40,125
22
$40,126 to $85,525
$80,251 to $171,050
$53,701 to $85,500
$40,126 to $85,525
24
$85,526 to $163,300
$171,051 to $326,600
$85,501 to $163,300
$85,526 to $163,300
32
$163,301 to $207,350
$326,601 to $414,700
$163,301 to $207,350
$163,301 to $207,350
35
$207,351 to $518,400
$414,701 to $622,050
$207,351 to $518,400
$207,351 to $311,025
37
$518,401 or more
$622,051 or more
$518,401 or more
$311,026 or more
Data source: IRS. A long-term strategy can save you money
If you've held your investments for over a year, the IRS will reward you with lower long-term capital gains tax rates of 0, 15, or 20 based on your taxable income for the year. For 2020, you can completely bypass taxes on capital gains if your income is $40,000 or less (single filers) or $80,000 or less (married filers). You can also plan ahead for 2021 by keeping in mind that the income amounts for long-term capital gains have increased up to $40,400 for single filers or up to $80,800 for married filers.
If you experienced a decrease in income during the pandemic, the bright side is that you may be eligible to cash in on NIO's meteoric rise without paying taxes on your profits if your income falls within the 0 tax bracket! There's always a way to turn pain into possibilities when you have a long-term outlook. Taxes don't have to be a nightmare
Now that you've earned money in the stock market, you'll have a chance to brag about your capital gains on your tax return. Download Form 8949-Sales and Other Dispositions of Capital Assets to report your short- and long-term stock transactions for the year.
Fortunately, your brokerage handles most of the hard work for you. They'll send you a Form 1099-B that covers all the pertinent stock information you'll need to complete Form 8949 for the IRS. That frees you up to focus more on the exciting stuff -- finding the highest-growth stocks to fund a relaxing retirement and ensuring you hold them for a full year to score the best returns.
Charlene Rhinehart, CPA owns shares of NIO Inc. and Tesla. The Motley Fool owns shares of and recommends Tesla. The Motley Fool has a disclosure policy. Hit The Jackpot Scratch Off SPONSORED:
10 stocks we like better than NIO Inc. Hit The Jackpot Synonym
When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor , has tripled the market.*
David and Tom just revealed what they believe are the ten best stocks for investors to buy right now.. and NIO Inc. wasn't one of them! That's right -- they think these 10 stocks are even better buys. Hit The Jackpot Printable
*Stock Advisor returns as of November 20, 2020