The IRS collected a little more than $4 trillion in net taxes (after refunds) in fiscal year 2023. About half was individual income taxes, and around...
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Feb 24, 2025
The tax filing deadline is fast approaching, which means time is running out to fund an IRA for 2024. If you had earned income last year, you may be...
Nov 20, 2024
Here are some things to consider as you weigh potential tax moves before the end of the year. Set aside time to planEffective planning requires...
Nov 04, 2024
The IRS has announced cost of living adjustments changing dollar limitations for retirement-related items for the tax year 2025. Here are the...
Oct 03, 2024
Yes. Anyone with earned income can open and contribute to a traditional IRA. The contribution limit is $7,000 for 2024 ($6,500 for 2022), plus an...
Jul 25, 2024
Summer is a time for relaxation, adventure, and making memories. While it's a season to enjoy, it's also a great opportunity to stay mindful of...
May 28, 2024
Most home improvements are not tax deductible — with one possible exception. In certain situations, you may be able to deduct improvements deemed...
May 21, 2024
529 plans were created in 1996 to give families a tax-advantaged way to save for college. Roth IRAs were created a year later to give people another...
Mar 01, 2024
The IRS announced its starting date for accepting and processing 2023 tax-year returns is Monday, January 29, 2024.Tips for making filing easierTo...
Jan 18, 2024
Every year, the Internal Revenue Service announces cost-of-living adjustments that affect contribution limits for retirement plans and various tax...
