Rising Property Taxes, Hidden Health Savings Account Costs? Giving Tax-Free to Your Kids

These States Have the Lowest Gas Taxes | Why You Pay Medicare Tax and How Much Gets Deducted From Your Check | Places Where Property Taxes Are Increasing the Most Created for {EMAIL} | [Web Version]( May 26, 2024 CONNECT WITH KIPLINGER  [LinkedIn]( [Facebook]( [X]( [Youtube]( [Youtube]( [Tax Tips]( [SIGN UP]( ⋅ [WEBSITE]( [] State Tax [] [These States Have the Lowest Gas Taxes]( [These States Have the Lowest Gas Taxes]( (Getty Images) You might not pay much attention to gas taxes since they are included in the price you see at the pump. But gas taxes can increase your purchase price by $0.50 or more per gallon. Thankfully, some places in the United States have relatively low gas taxes. If you plan to go on a road trip for the holiday weekend or this summer, [filling up in one of these ten states can help you save money](. [] Your Paycheck [] [Why You Pay Medicare Tax and How Much Gets Deducted From Your Check]( [Why You Pay Medicare Tax and How Much Gets Deducted From Your Check ]( (Getty Images) Did you know that all employed workers in the U.S. are expected to pay Medicare tax? While many are familiar with Medicare coverage, understanding Medicare tax, which involves everything from mandatory payroll deductions to additional taxes for high earners, is equally important for all workers, including those who are self-employed. With that in mind, [here are five things to know about Medicare tax](: what it is, who pays, and the current rates. [Attention Income Investors, Learn How to Generate Dividend Yields of 10%]( The average annual return of commercial real estate over 20 years is roughly 9.5%, nearly 1% greater than the S&P 500's average annual return of 8.6%. The CRE Income Fund pays an annual 10% dividend yield and is a long-term strategy that returns over $25,000 for every $10,000 invested over the next ten years. [READ MORE]( ADVERTISEMENT [] Property Taxes [] [Places Where Property Taxes Are Increasing the Most]( [Places Where Property Taxes Are Increasing the Most]( (Getty Images) Many homeowners experienced increased property tax bills last year, despite a drop in average single-family home prices. According to real estate data firm ATTOM, the average property tax bill increased 4.1% in 2023. And due to inflation, some areas of the U.S. experienced higher tax hikes than others. [So, where is inflation causing property taxes to increase the most?]( Read on to find out. Featured Content Sponsored Content from The Kiplinger Tax Letter [Stop Overpaying on Your Taxes.]( Get a [FREE ISSUE]( of The Kiplinger Tax Letter and never pay one cent more than necessary on your taxes, for yourself, your business, or your clients. Then save up to 58% off the cover price to subscribe, and get exclusive special issues such as New Tax Rules This Year, Year-End Tax Planning, or other topics. [CLICK HERE]( [] Tax Planning [] [Ways to Give Money Tax-Free to Your Kids When You Die]( Certified financial planner, Evan Beach, often hears retirees express concerns about leaving enough behind for their children and minimizing taxes for their estate. In this Building Wealth article, Beach offers four strategies for those who want to pay fewer taxes to the federal government and leave more to their kids when they pass away. [Read More]( [What would the title of your memoir be?]( Writing a memoir is a powerful way to pass on your legacy and share your values with loved ones. Whether it's a funny anecdote or a hard-won life lesson, your story has the power to inspire and connect with others in a meaningful way. Call (844) 399-0426 today to find out more. [Learn More]( ADVERTISEMENT [] In Case You Missed It [] [Three Hidden Costs of Health Savings Accounts]( Data show that the nearly 35 million health savings accounts (HSAs) in the U.S. currently hold more than $116 billion, a 500% increase in funds from ten years ago. However, the Consumer Financial Protection Bureau (CFPB) points out that costs lie beneath these accounts, which can interfere with the tax advantages HSAs offer. So, in case you missed it, here’s more to know about the tax benefits and "hidden costs" of health savings accounts. [Read More]( [Help Maximize Your Retirement Potential]( Making your savings last and keeping your taxes low takes planning and attention. We can help you save time and earn more. Vanguard Personal Advisor is built to provide you an ongoing collaboration with our professional advisors — no matter where you are in your journey. [LEARN MORE]( ADVERTISEMENT ABOUT KIPLINGER When we write about money, we get it right. 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