It's tax time, you're digging through your records... and your preparer or tax software asks about tax payments you've already made. Um, was I supposed to track those? Lots of small business owners ...

When you earn money, you can expect to pay taxes on those earnings. That's typically the case whether you earn money at work, when you make an investment or when you earn interest on a deposit account ...

The IRS urges taxpayers to get organized now to take advantage of changes under OBBBA that could impact tax deductions and ...

There are two basic types of tax-advantaged accounts – tax-deferred and tax-exempt accounts. Learn more about the differences here. When saving or investing for future expenses, people tend to focus ...

It’s not a well-kept secret healthcare costs have risen faster than wages for many years. To protect their bottom lines, many employers have shifted the burden of paying for healthcare to employees.

This type of account offers triple-tax benefits, and is especially useful after you turn 65. And the great part is that you can open it well before retirement age.

Beverly is a writer, editor, and paralegal specializing in personal finance and tax law. She covers personal financial and legal topics, as well as tax breaks, tax preparation software, and tax law ...

The IRS views interest on a savings account as earned income, whether it's $1 or $1,000. So, if you received interest on a high-yield savings account in 2024, you need to report it when you file your ...

Hopkins said it’s a little “misleading” to think of Roth and traditional 401(k) plans as entirely separate savings vehicles. They’re fundamentally the same type of account — employer-sponsored ...

One of the upsides of retirement is that for the first time in years, you have control over your time. If you want to spend the afternoon watching Bonanza reruns, well, no one is going to stop you.

Sharing a bank account with a partner or relative can make it easier to manage your money together. But it can also lead to some confusion during tax season. You must report and pay taxes on the ...

We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. But while earning extra money on your savings may seem like a simple but ...