The Backdoor Roth IRA is a valuable retirement savings tool for high-income earners looking to maximize tax-free retirement ...

Retirement is supposed to be about relaxation and enjoying the rewards of your hard work. But before you kick back, there's ...

You pay taxes on stocks you sell for a profit. How much you pay depends on how long you hold the stock, your income, and your ...

To enroll, troops should visit fsafeds.gov, select “Qualifying Life Event” from the “enroll” drop down menu, then choose the ...

Retirement account withdrawals and earnings from a job may not be the only taxable income you have, either. The federal ...

Importantly, retirees that owe tax on Social Security income must make quarterly estimated payments to the Internal Revenue ...

Raising children is expensive. At least when it comes to taxes, kids can help reduce the amount you owe Uncle Sam. Here are six child-related tax credits parents may be able to take advantage of ...

No one enjoys tax time, but if you're a senior, it can be especially difficult. Not only are you living off a fixed income, but the IRS typically doesn't withhold anything from your retirement account ...

There’s a reason workers are often encouraged to house their retirement savings in a Roth IRA or 401(k). Not only do Roth ...

Whether the deduction limit is raised, eliminated or extended, there are steps taxpayers can take to minimize their tax ...

A Roth IRA is one of the most powerful tools for building a tax-free retirement. Unlike traditional retirement accounts, Roth IRAs allow you to withdraw your earnings tax-free in retirement, ...

The thresholds for IRMAAs change each year. In 2025, they apply to single tax-filers with a modified adjusted gross income above $106,000, or $212,000 for joint tax-filers. But because RMDs are ...