As with an IRA, you have until April 15 to make a 2024 contribution. For the 2024 tax year, individuals can contribute up to $4,150 if they have self-coverage and up to $8,300 for family coverage. If ...

Although it's not yet April, it's not too early to start thinking about filing your tax return. There are some tax deductions ...

Direct indexed tax loss harvesting is a strategic approach to managing your investments that can provide significant tax ...

Unlike Roth IRAs, there are no income limits on Roth 401 (k)s. You can contribute to the account no matter how much you earn.

Being older has its benefits. Here are two items exclusively for older adults that can help them save on taxes.

We have recently heard from a few clients who have received letters from HMRC requesting repayment of alleged overpayment of tax credits, one goes back 20 ...

On the most basic level, artists who may not earn much or any of their income from the sale of their artistic output need to prove to the IRS that they are professionals and not just dilettantes.

The IRS provides tax credits for a wide range of expenses you pay during the tax year but the rules can be complicated. Find ...

The maximum claim for each child is $19,066. You can claim all of the eligible adoption expenses that you incurred but you have to claim them in the tax year that includes the end of the adoption ...

Learn what happens if you don't file your taxes. Discover the consequences, penalties, and how to address unfiled tax returns ...

Tips are an important fact of life for a whole lot of workers in the US. Since they can be a major source of income, you'll ...

Individuals can claim two self-occupied properties as NIL taxable income. TDS on rent limit increased from ₹2.4 lakh to ₹6 lakh, reducing compliance for small landlords. Threshold for senior ...