Slott says a traditional IRA is an IOU to the IRS, so he believes in looking for alternatives.
Federal income tax refunds are often the largest single check that some people receive. The safest and quickest way to receive this tax season’s refund is through direct deposit.
The Inflation Reduction Act, signed prior to the midterm elections, shows us some of the new tax focus, but much of the bill will not be implemented for years ahead. Although I majored in economics, I have found no commentary that says this bill will affect inflation in any way.
Holidays are traditional times to experience our blessings. If and when we stop to count them, do we realize how far ahead of most people we are—even despite our own needs and worries? For emotional and financial reasons, why not share the wealth?
Helping others is great, and helping yourself is always good as well, so why not do both at the same time? Integrate these five strategies into your financial plan, and you can.
In October of 2022, Rocky Mengle of Kiplinger.com wrote an informative article for Kiplinger's Money Power with advice about how to demonstrate residency in a low-tax state.
IRS Tax Tip 2022-183, November 30, 2022 Wading through a pile of statements, receipts, and other financial documents when it's time to prepare a tax return can be frustrating for people who haven't managed their records. By knowing what they need to keep and how long to keep…
Did you know there’s a way to support your favorite charities and save money on your taxes?
Survivors are often tasked with the responsibility of filing a tax return for a recently deceased loved one. There are special steps involved, and the following article answers the most important questions about filing a tax return after a death. https://tribunecontentagency.com/article/ask-kip-advice-for-filing-a-tax-return-after-a-death/
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/