Tag: Individual Tax

Retirement is often viewed as an opportunity to travel, spend time with family, or simply enjoy the fruits of a long career. Yet the transition can bring many tax considerations,

Chances are, right now you’re more concerned about your 2024 tax return than you are about your 2025 tax situation. That’s understandable because April 15 is the filing deadline for

The IRS announced it will start the 2025 filing season for individual income tax returns on January 27. That’s when the agency began accepting and processing 2024 tax year returns.

Once you reach age 73, tax law requires you to begin taking withdrawals — called Required Minimum Distributions (RMDs) — from your traditional IRA, SIMPLE IRA, and SEP IRA. It’s

As higher education costs continue to rise, you may be concerned about how to save and pay for college. Fortunately, several U.S. tax code tools and strategies may help ease

Saving for retirement is an important financial goal, and contributing to a 401(k) plan is a great way to achieve it. If your employer offers a traditional 401(k) or Roth

When considering the advantages of U.S. Treasury savings bonds, you may appreciate their relative safety, simplicity, and government backing. However, savings bonds, like all interest-bearing investments, come with tax implications

To help eligible parents offset the expenses of adopting a child, there are two tax breaks. In 2025, adoptive parents may be able to claim a credit against their federal

Medicare health insurance premiums can add up to big bucks — especially if you’re upper-income, married, and you and your spouse both pay premiums. Below are answers to FAQs regarding

If you’ve reached age 70½, you can make cash donations directly from your IRA to IRS-approved charities. These qualified charitable distributions (QCDs) may help you gain tax advantages. QCD Basics