IRS Offers Handy Online Help and Tools
Need tax help? Here are some handy ways the IRS is making filing returns as easy as possible.
Top 10 Articles of 2023
With your post views, you all voted these the top articles of the year.
529 Plan Funds Can Roll Over to Roth IRAs
SECURE 2.0 change for 2024 can help you with money left over in college fund.
Court Case Could Stymie Push for Wealth Tax
The Supreme Court is considering a small case that could have a large impact on efforts to create a wealth tax in America.
Is a Tax Break in Your Future?
Consider the inflation-adjusted tax brackets and higher standard deductions in 2024.
Breathing Room on High Earner Catch-up Contributions
Higher-earning individuals and plan sponsors have been handed a two-year reprieve on a change to catch-up contributions in retirement accounts. What are catch-up contributions? For individuals age 50 or older, the 2023 IRS annual limit of $22,500 for individuals contributing to a traditional or Roth 401(k) is expanded, allowing for an additional $7,500 in catch-up…
Uncle Sam Will Help You Pay for Solar Panels and Other Green Home Projects
Going green? Uncle Sam will provide tax credits covering some costs of solar panels, energy efficient doors and windows, heat pumps and more.
New Rule Allows College Funds To Roll Over Into Roth IRAs
Got money left over in a 529 college fund? Now you have a new investment option.
Read the Fine Print on the EV Tax Credit
New federal $7,500 tax credit for electric-vehicle purchases has a lot of fine print that limits who and what qualifies for the deduction.
Is an Army of Auditors Coming for You?
R-E-L-A-X – New IRS funding means more employees to process returns, answer phone calls and scrutinize high-end individuals and corporations that evade taxes.