In general, anyone with a tax-deferred retirement account must take withdrawals called required minimum distributions (RMDs) ...

TurboTenant reports landlords can save significant taxes via bonus depreciation, enabling large first-year write-offs on ...

Failure to take your RMD before the deadline results in an excise tax penalty equal to 25% of the amount not withdrawn. Prior ...

Turning 65 doesn't just mark a milestone in life, it can also unlock valuable tax savings. The IRS grants seniors an extra ...

Proactively reviewing your health coverage, RMDs, and IRAs can lower retirement taxes in 2025 and 2026. Here’s how.

After the recent economic moves and decisions in the United States, the government shutdown didn't just stop programs; it ...

Key Points ・Federal tax refunds typically arrive within 21 days for e-filed returns with direct deposit. Check the Federal ...

A required minimum distribution is money that must be taken out of a retirement savings plan. More specifically, RMDs are the minimum amounts that must come out of given retirement plan accounts each ...

Cars, minivans, vans, SUVs, pickup trucks, or motorcycles, weighing less than 14,000 pounds qualify, according to the IRS.

The year-end rush can bring holiday cheer, but it’s also a chance to make a significant impact on your taxes before January ...

Once taken, the RMDs are taxable as income. The answer to IRS FAQs Question 11 states "The account owner is taxed at their income tax rate on the amount of the withdrawn RMD. However, to the extent ...

Use the Mulligan Rule to undo these seven costly retirement errors. While you can’t go back in time, some retirement choices ...