Tax deductions and credits may boost your refund. Which ones are available to new filers?
If you’re not sure which ones you may qualify for, here are some common deductions and credits new tax return filers can take.
‘I am pretty much uninsurable’: My 20-year term life insurance is up, but I was diagnosed with throat cancer. Do I renew it?
Almost 20 years ago, I took out a 20-year term life insurance policy for $500,000 and named my wife as beneficiary. The ...
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Determine who can claim the deduction
If you were enrolled in an eligible educational program in 2024, you also need to fill out Part D. If you lived with another person in 2024 If you lived with another person at any time in 2024 and in ...
Unpacking Private Placement Life Insurance
Anatoly Iofe is founder and CEO of IceBridge Financial Group, a global multifamily office based in Boca Raton, Florida.
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Are your Social Security benefits taxable? IRS explains
The IRS Publication 915 (2024) offers now a comprehensive guide to help you determine if your benefits are taxable, how to ...
IRS Fresh Start program pros and cons to know
The IRS Fresh Start program isn't a magic solution that erases all tax problems, however. While it has helped many taxpayers ...
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How the IRS determines which SSDI benefits are taxable
Navigating the complexities of Social Security Disability Insurance (SSDI) taxation can be challenging. Understanding when ...
Tax season is back. So are the fake IRS emails, texts and other financial scams out for your refund
The fake IRS emails and texts announcing tax refunds and credits are already on the way. It’s tax filing season, so beware of ...