Retirement plans such as 401(k)s and IRAs are powerhouse savings accounts, giving you a tax break either when you contribute to the account or when you withdraw your money — plus taxes are deferred ...

It's natural for a retiree settling somewhere new to consider states that don't tax retirement income. If you're considering a move to a state that doesn't, learn about any other taxes that state may ...

As 2025 draws to a close, there are several areas in which high-net-worth taxpayers should be focusing their attention to maximize tax savings for ...

I have had carryover losses for years now, only being able to deduct $3,000 a year and still have a lot of losses to deduct going forward. If I make an IRA withdrawal, can the tax on this withdrawal ...

Some tax breaks are like the offer of a "free gift" for subscribing to a magazine you will never read. One tax break that falls into this category is the new law that waives the 15 percent tax on ...

Retirement planning can feel like solving a jigsaw puzzle, especially for high-income households. If you're earning too much to qualify for a Roth IRA directly, you might assume that the Roth IRA's ...

An audit of Susan’s IRA activity revealed that she paid income tax on $50,000 that qualified to be tax-free. Susan mistakenly believed that her IRA custodian would inform her how much of her ...