One of the positive features of the SECURE Act, passed in 2019, was that it eliminated the restriction that if you had reached age 70 1/2, you could no longer make IRA contributions.
Receiving a tax refund is exciting as long as you don't dwell on the fact that it was your money to begin with! Jill Schlesinger of "Jill on Money" shares tips on reducing your withholding if possible and using your tax refund wisely.
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.
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/
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/
Organized tax records make preparing a complete and accurate tax return easier and may help taxpayers find overlooked deductions or credits.