Why I abandoned my 529 college savings plan and switched to Series I bonds instead
With the market and inflation going nuts, some 20% of families also stopped making one-time college savings contributions.
Taxes
News and advice on how to minimize your tax liability in retirement
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Will a charitable donation help offset my taxes?
There are many wonderful nonprofits worthy of support whether there is a tax break in it or not.
My daughter has her heart set on attending a Canadian college. Will my 529 account still receive the tax benefits?
'If we withdraw from the 529 and pay tuition and room and board at this school, will this be considered a qualified withdrawal?'
I’m 55 and need cash. Can I tap into my IRA without penalty?
There are 11 exceptions that have been on the books for years that apply to IRA accounts.
Opinion Tax-loss harvesting lets you keep more of your market gains. Here are smart strategies for 3 types of investors.
What to look for if your investing style is to do-it-yourself, rely on technology, or get professional advice.
3 tax credits you don’t want to miss this year
Credits are a more powerful tax-saving tool than deductions, and some of them, if you qualify, can save you thousands.
You may have overpaid your Social Security taxes thanks to the Great Resignation
If you had multiple jobs and crossed over the income threshold, you might have paid excess taxes that you can get back on your return.
Betting on March Madness? Don’t forget the IRS. Here’s how taxes work on gambling winnings.
Whether you’re wagering on March Madness from your couch or flying to Las Vegas for a weekend at the tables, you’ll have to pay taxes on your winnings.
Is your portfolio dragged down by taxes?
New investors usually get very simple advice to get started: Buy one or two broad-market exchange-traded index funds and hold on to them for the long-haul.
‘This budget sends a clear message’: Biden’s budget tax hikes give insight into his 2024 campaign pledges
With the House of Representatives under Republican control, Biden’s proposals to tax the rich are unlikely to become law anytime soon.
Opinion 3 tax-smart charitable giving strategies you can use any time of year
Think beyond cash donations
‘Only the wealthy get any kind of benefit from giving financially to nonprofits’: Bipartisan bill aims to help more Americans write off charitable donations
Many taxpayers were able to deduct charitable donations up to $300 during the 2020 and 2021 tax years, but that changed in 2022.
You owe taxes but can’t pay? What to do, plus two things you should not do.
If you owe the almighty IRS and can't pay, you're not alone, and you have options. Whatever you do, do something. You can run, but you can't hide.
Celebrate this ‘savings week’ by opening an IRA — even if you only put in $10
A few dollars today can be thousands in the decades to come
Worried about a smaller income-tax refund? You may have good reason — refunds are already 11% smaller so far this year
Early numbers from the IRS on this year's filing season show refunds will be lower.
Warren Buffett wants you to visualize Berkshire Hathaway’s tax bill. Get out your binoculars.
'At Berkshire we hope and expect to pay much more in taxes during the next decade,' Buffett said in his annual shareholder letter.
Americans baffled by ‘climate law’ and energy tax breaks. Al Gore wants to teach them.
Al Gore's Climate Reality Project will be leading online training aimed at helping people take advantage of the clean-energy provisions of the IRA.
Are you a tax-efficient investor? Here’s how to read your brokerage tax forms and look for red flags on gains, losses and crypto
The taxes you pay on dividends, interest and capital gains could be dragging down your overall investment performance.
Can I donate to a charity directly from my 401(k)?
You may want to look into a qualified charitable distribution.
Will you have to report your inflation-relief payment to the IRS?
The IRS has offered guidance for residents of the 21 states that made direct payments to help people keep up with rising costs.
101 million taxpayers are missing out on this free service
Anyone with an adjusted gross income at or below $73,000 in 2022 can file taxes free. Here's how to do it and how to spot costly traps from other services.
