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.