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.
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/
WASHINGTON — The Internal Revenue Service today reminds taxpayers about the upcoming October 15 due date to file 2020 tax returns. People who asked for an extension should file on or before the extension deadline to avoid the penalty for filing late. Electronic filing options, such as IRS…