As a general rule, debt cancellation income is taxable. But a 2021 law provides that most student loans forgiven from 2021 through 2025 are tax-free. Read more from Kiplinger's Money Power. https://tribunecontentagency.com/article/ask-kip-will-the-irs-tax-forgiven-student-loans/
Many workers aren’t ready to retire at the traditional retirement age of 65 and instead continue working into their 70s. While they can postpone retirement, they can’t entirely delay taking required minimum distributions (RMDs) from tax-deferred retirement accounts. If you’re working into your 70s, here’s what you need…
Social security benefit amounts depend upon many factors. Before applying for benefits, there are many questions to be answered. Elliot Raphaelson of The Savings Game answers some of the more common questions. https://tribunecontentagency.com/article/the-savings-game-social-security-income-restrictions/
Stubbornly high inflation has prompted the U. S. Federal Reserve (Fed) to raise interest rates at the fastest pace in decades. Credit and interest rate markets are working to adjust their expectations for Fed action and the impact of monetary policy on future economic growth.
In light of recent geopolitical developments in Ukraine and their effects on the market, you may be concerned about your investments. Rest assured that we are in tune with market conditions and don’t let our emotions lead to poor decisions.
Organized tax records make preparing a complete and accurate tax return easier and may help taxpayers find overlooked deductions or credits.