IRAs are just one way to lessen your tax burden Betsy began her career in international finance and it has since grown into a comprehensive approach to journalism as she's been able to tap into ...

With these new IRAs, workers could set aside up to $1,500 per year—or up to 15% of their income, if it was less—into the account. Their contributions would not be subject to income tax ...

Converted Roth IRA funds are tax- and penalty-free after five years from Jan. 1 of the year of the conversion. Roth IRA earnings are tax-free after age 59 1/2 and a five-year holding period.

Tax Day is approaching, and soon it will be time to begin assembling forms. If you haven't looked at them yet, all those numbers and letters – W-2, W-9, 1099 – can easily overwhelm you.

Tax day is always on April 15 … except when it’s not. Last year, tax returns were due on April 16 because April 15 fell on Emancipation Day, a legal holiday in Washington, D.C. For 2024 taxes ...

There's still a little over three months until Tax Day and The U.S. Internal Revenue Service (IRS) hasn’t announced when it will begin accepting returns this year. But, there are ways to prepare ...

The deadline to file taxes this year is Tuesday, April 15, 2025. Tax Day has been April 15 since 1955, unless the day falls on a weekend or holiday. The IRS says the deadline to file for an ...

A longtime cartoonist at The Washington Post resigned after leadership reportedly killed a cartoon depicting newspaper owner and billionaire Jeff Bezos bending his knee to President-elect Trump.

The IRS has yet to announce the start date for the 2025 tax season, but it is likely to be in late January. In 2024, tax season began Jan. 29 and ran through April 15. Many, or all, of the ...

If you mailed a paper return, the wait could be four weeks or longer. If you fail to file your federal tax return on time, the standard penalty is a whopping 5% of any tax due for every month the ...