Regardless of how you choose to invest, the tax code awards this behavior by offering you the ability to deduct your contributions from your taxable income if you make them into a traditional IRA.
If you trade stocks in a taxable account, you hopefully only make gains. But, we live in a realistic world. Not all of our investments will turn out to be winners.
This credit can be worth up to $2,500 per year for four years of schooling after high school if enrolled at least half-time and working towards a degree.
This credit does not carry a minimum enrollment amount (meaning you don’t need to be enrolled at least half time), and you don’t need to work towards a degree.
As part of the CARES Act, many Americans received a stimulus check or two. If you aren't claimed as a dependent on someone’s tax return in 2020, and you didn't receive a check, you could claim the Recovery Rebate Tax Credit on your return.