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How to Invest When You Owe the IRS - slightly OT

johnNjohnN
edited March 2019 in Off-Topic
https://money.usnews.com/investing/investing-101/articles/how-to-invest-when-you-owe-the-irs

How to Invest When You Owe the IRS
Investors can withhold less and grow the money allocated for your taxes.
By Kayleigh Kulp, Contributor March 8, 2019
U.S. News & World Report
More
Close up of unrecognizable woman using calculator while going through bills and home finances.

You have several options to maximize your money before sending it to the IRS.(Getty Images)

If you are an investor who will owe the IRS, you still have some options to put your money to work until your tax bill comes due.

Many taxpayers would rather withhold too much money from their paychecks and give the government a free loan. But if you have the money to pay the tax bill, don't let your funds sit in a savings account with next-to-nothing interest, or invest in stocks that have the potential to tank before you need the money, experts say.

They offer the following ways to earn a few bucks on your money before you send it to the IRS for your tax bill:

The Treasury's inflation-protected securities.
Exchange-traded funds.
Municipal bonds.
Certificates of deposit.
Online savings accounts.

Comments

  • johnNjohnN
    edited March 2019
    Unfortunately the more you made the more you pay.... There are 3 certainties in life - birth death and taxes
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