The Internal Revenue Service (IRS) kicked off the tax season last month, on January 27. Taxpayers can now file their 2024 ...

As you approach retirement, it’s important to consider how required minimum distributions (RMDs) from your IRA or 401(k) ...

No matter what line of work you’re in, your goal may be to see your income increase from one year to the next. So if that’s ...

The IRS gets copies of all the 1099s and W-2s you receive. This includes the 1099-R (reporting payouts from retirement plans, ...

Depending on your age and other factors, you might face a penalty if you tap into your IRA early. Find out when early ...

In a decisive move to enhance financial transparency and enforce stricter compliance, the Internal Revenue Service (IRS) has ...

Concept image for filing federal income taxes online and being audited. Computer keyboard, ... [+] calculator and pen are placed on income tax form 1040. The 'word' AUDIT is stamped on the form 1040.

If you think saving for retirement is complicated, try figuring out how to withdraw retirement funds while minimizing taxes. ...

Have a tax refund on the way but don't desperately need the cash? Here's how to use today's historically high interest rates ...

The government offers retirement savers a significant tax advantage when they use certain retirement accounts. Traditional ...