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Personal taxes

Limiting retirement plan tax perks may help Social Security, experts say

by Adrian Jhonsan
Limiting retirement plan tax perks may help Social Security, experts say

Wand_prapan | Istock | Getty Images There’s no debate that Social Security’s funds — which are projected to become insolvent in the next decade — need fixing. But a new …

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What to know about the Dec. 31 deadline

by Adrian Jhonsan
What to know about the Dec. 31 deadline

Tom Werner | Digitalvision | Getty Images As the calendar turns to a new year, you may be at risk for losing money if you have a flexible spending account. …

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Categories World

IRS to reduce audits on filers claiming the earned-income tax credit

by Adrian Jhonsan
IRS to reduce audits on filers claiming the earned-income tax credit

IRS Commissioner Daniel Werfel testifies before the House Small Business Committee on July 17, 2013. James Lawler Duggan | Reuters They’re using resources to reverse the precipitous decline in enforcement …

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Where financial advisors see opportunity

by Adrian Jhonsan
Where financial advisors see opportunity

Shoppers at a Chicago grocery store, Aug. 9, 2023. Scott Olson | Getty Images Inflation has continued to take a bite out of Americans’ wallets in 2023. But onetime predictions …

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IRS delays ‘Secure 2.0’ change for 401(k) catch-up contributions

by Adrian Jhonsan
IRS delays ‘Secure 2.0’ change for 401(k) catch-up contributions

Terry Vine | Getty Images Higher earners who maximize retirement savings now have more time for pretax catch-up 401(k) contributions, thanks to new IRS guidance.  Currently, “catch-up contributions” allow savers …

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Here’s why property taxes vary so much from city to city

by Adrian Jhonsan
Here’s why property taxes vary so much from city to city

Andreypopov | Istock | Getty Images Property taxes can be a major expense for households, and several factors may affect the size of the bill, research shows. These levies, which …

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Categories World

Could the Mega Millions jackpot hitting $940 million be your next tax bill?

by Adrian Jhonsan
Could the Mega Millions jackpot hitting 0 million be your next tax bill?

The Mega Millions jackpot grew to $940 million on July 27, 2023. OLIVIER DOULIERY | Getty The Mega Millions jackpot has ballooned to an estimated $940 million ahead of Friday’s …

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