Business taxpayers are often entitled to extra self-employed and small business tax deductions, which can potentially lead to ...

Lowering your tax burden is one of the smartest money moves you can make, and knowing how to do so is crucial to financial success, whether it's tax season or not. The good news is that there are lots ...

In 2026, the IRS raises standard deductions to $16,100 for singles. Above-the-line deductions reduce taxable income directly.

There has been a lot of talk lately about the mega backdoor Roth IRA. For a long time, it was an unspoken secret used by retirement planners. However, the IRS released guidance that specifically ...

Rebecca Rosenberg has 10+ years of experience as a writer and content strategist. She has written dozens of articles on retirement, financial planning, business, tech, and more. Rebecca has a master’s ...

Explore the meaning of "basis" in finance, focusing on its tax implications and role in investment transaction. Learn how it ...

Millions of taxpayers qualify for an IRS retirement tax credit yet never claim it. The Savers Credit can reduce federal taxes by up to 50 percent. Income limits expand in 2025. Eligible workers ...

I am 62 and retired. I just got my first Social Security check. My wife is 53 and still works. I have all the retirement ...

The IRS has released Form 4547, allowing parents to register eligible children for Trump Accounts when filing 2025 tax ...

IRA contributions for 2025 can be made until April 15, 2026. The 2025 IRA contribution limit is $7,000 or $8,000 for those 50 and older. A $7,000 traditional IRA contribution saves up to $1,540 in ...