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.
Will you get a tax refund this year? Experts have ideas on how to use the money
When taxpayers receive their refunds, addressing debt, socking away money in an emergency fund and contributing to retirement ...
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Will You Have to Pay Taxes on Your Social Security Benefits? Here's How to Know
A lot of people end up relying heavily on Social Security for income in retirement. And unfortunately, folks in that boat ...
What to do if you contributed too much to your IRA last year
Contributing to an IRA is a smart move for retirement savings, but if you accidentally put in more than the IRS allows, you ...
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What is a Roth IRA for kids, and how does it work?
A custodial Roth IRA is a retirement account for minors that allows for tax-free growth. It provides all the benefits of a ...
Suze Orman, Dave Ramsey and Other Experts on What You Should Do With Your Tax Refund
With the holiday season behind us, the year moves into a new period that most Americans don't get as excited about: tax ...
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6 Things the 1% Are Doing With Their Roth Accounts (And Why You Should Pay Attention)
Smart timing can lead to significant tax savings. “Ideally, you would want to invest in a Roth IRA when you are in a lower tax bracket. Once your salary grows, deferring taxes into a traditional ...
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Should I Convert 10% of My IRA into a Roth Each Year to Avoid Taxes and RMDs?
Roth IRAs are not subject to rules on required minimum distributions (RMDs), and qualifying withdrawals from Roth accounts in ...
Are Tax Planning And Tax Preparation Actually The Same Thing?
Many people confuse filing their taxes with doing tax planning. Is your tax preparer actually giving you tax planning advice?
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A Roth IRA offers a ‘longer runway for tax-free investing,' advisor says. Here's how to use it
Roth IRA contributions are made with after-tax dollars — meaning that you pay taxes on the contributions upfront — and any future withdrawals you make in retirement aren't taxed as income.
Do You Pay Taxes on Savings Account Interest?
Interest is one of the many benefits you can receive when you set aside money in a savings account. When you earn interest, your financial institution is essentially paying you to keep your ...
Will Doing $50k in Annual Roth Conversions Lead to Higher Social Security Benefits?
Curious if a Roth conversion might boost your Social Security benefits? Here’s the reality: while converting to a Roth IRA ...