The $17,300 Tax Break You Can Still Claim Before April 15—Here's How
For 2024, taxpayers can contribute up to $7,000 to traditional IRAs, with those 50 and older eligible for an additional ...
This Boring Retirement Income Source Has Big Tax Benefits
Furthermore, the TCJA put a $10,000 cap on the state and local tax (SALT) deduction. If the cap is retained once the TCJA ...
I’m 58 years old and living in California with $137,000 in a Roth IRA, but I’m a bad investor and lost 8% last year — what can I do to secure my retirement savings?
When you have $137,000 in a Roth IRA and you lose 8% in a single year, that can be pretty upsetting — especially if you're 58 ...
How The IRS Tax Refund Works And What You Can Do To Manage It
Discover the basics of how the IRS tax refund works. Learn strategies for maximizing them and tips on how to use them wisely.
Don't Let These 3 Retirement-Related Taxes Catch You Off Guard This Year
Retirees receiving pension payments will also have to pay ordinary income tax. How much you'll owe depends in part on the tax ...
XFLT And EIC: Double-Digit Yields To Boost Your Income
XFLT and EIC are high-yielding, leveraged CEFs focused on CLOs, offering double-digit yields, but these can come with higher ...
The IRS Could Take a Cut of Your Social Security Benefits if Your Income Exceeds Certain Thresholds
You can also request that the IRS withhold money for taxes from your Social Security checks up front. This would save you the ...
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Traditional IRA Withdrawal Rules Made Simple
Depending on your age and other factors, you might face a penalty if you tap into your IRA early. Find out when early ...
Ten IRS Audit Red Flags for Retirees in 2025
The IRS gets copies of all the 1099s and W-2s you receive. This includes the 1099-R (reporting payouts from retirement plans, ...
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IRS Income Tax Refunds schedule unveiled: Payments are hitting bank accounts
Each year, tax-filing season comes around. This can be a very stressful time of the year for many people, especially for ...
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I'm Worried Social Security Will Run Out Before I Retire. What Should I Do?
Social Security plays a big role in your retirement planning -- but you shouldn't bank on it. Here's what to do instead.
4 Ways Financial Professionals Recommend You Spend Your Tax Refund
Receiving a tax refund this year? While it can be tempting to impulse spend, if you want to really treat yourself, financial professionals recommend using the payout for practical expenses. According ...