Building off the success of the 2023 tax season that saw significant improvements following passage of the Inflation Reduction Act, the 2024 filing season will continue reflecting the focus on improving services to taxpayers.
Confused about Social Security and IRA benefits under certain life circumstances? Find answers from The Savings Game.
Retirees are surprised to dind as much as 85% of their Social Security benefits could be taxable., depenings on their amount of provisional income, which includes half of their Social Security benefits plus other sources that contribute to adjusted gross income (AGI), such as wages, dividends, and capital gains.
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.
A mortgage can seem like a big albatross around your neck that is never going to fly away. It is tempting to chase it away by paying it off so you don't have to deal with it when you retire.
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…
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/