Health savings accounts (HSAs) are one of the most valuable tax-advantaged investments, but they're often overlooked. HSAs aren't open to everyone; y...
Tag: Income Tax
Need Your Retirement Funds for Coronavirus Bills? A Withdrawal May Be Better Than a Loan
Many Americans are struggling right now as a result of COVID-19 and the great lockdown necessitated to slow its spread. The Coronavirus Aid, Relief, a...
3 Tricks to Help You Save on Your Taxes for Next Year
I know: You probably have a lot on your mind and don't want to think about taxes until you absolutely have to. But it's actually to your benefit to st...
The 5-Year Rules Every Roth IRA Investor Must Understand
There's no other retirement savings vehicle quite like the Roth IRA. The Roth IRA rewards those willing to accept deferred gratification, as it doesn'...
The Backdoor Roth IRA Is Better Than Ever Right Now
The Roth IRA is the best way to take advantage of current low income tax rates. With the tax reform efforts that became effective in 2018 cutting rate...
The Tax Benefits of Purchasing a Home
Purchasing a home is a major life decision, but it’s one made easier by the many tax advantages available to homeowners. Items that can affect your ta...
6 Things You Didn't Know Were Tax Deductions
The federal tax code includes some not-very-well-known tax deductions that can lower your tax bill or even increase your tax refund. Here are a few su...
Why Half of Retirees Now Pay Taxes on Their Social Security
Having Social Security taxes taken from your paycheck is bad enough. But for millions of Americans, the obligations don’t end there.Half of retirees s...
AirAsia Says Social Distancing In Flights Not Necessary; Now Everyone Can Fly
Out of all the industries hit by the coronavirus pandemic, it’s safe to say that the airline industry has taken the brunt of it. The closing of border...