The tax filing deadline is coming up on April 15, but it’s not too late to reduce what you owe on your 2024 federal income tax return. There’s still time to lower your tax bill, or even increase your ...

You can convert your traditional IRA or 401(k) savings to a Roth. You’ll have to pay taxes on the money you convert now, but you won’t pay taxes on that money when you withdraw it. And that can reduce ...

Millions of Americans rely on Social Security benefits for all, or a portion, of their retirement income. Up to 85% of Social ...

Workers can reduce their tax bill by saving for retirement in tax-advantaged accounts. Traditional retirement accounts offer an immediate tax deduction, while Roth accounts provide tax-free income in ...

To effectively reduce your tax liability, you must understand how to navigate the labyrinthine IRS tax system. Essentially, the only way to achieve a decreased tax burden is by reducing your taxable ...

New tax law changes bring significant green energy credits and enhancements to the SECURE Act, allowing more robust retirement contributions. Entrepreneurs can reduce tax liability with strategies ...

This content was provided by Ameriprise Financial Services, LLC. Kiplinger is not affiliated with and does not endorse the company or products mentioned above. When it comes to filing your federal ...

Understanding set-off and carry forward of losses can help you optimise tax payments and manage your finances better.

Too much company stock in your retirement plan can be risky. Learn how to reduce concentration risk, use tax-efficient ...

Karla Dennis, EA, MST, is CFO/CEO of the award-winning tax accounting firm KDA Inc.—specializing in tax planning. Taxes can feel overwhelming, especially when it comes to tax brackets. In this article ...

Social Security provides a crucial financial safety net for the millions of Americans in retirement each year. But the average monthly Social Security benefit currently hovers near $2,000, and while ...