Here’s how retirees can get the biggest tax break for charitable gifts

Here’s how retirees can get the biggest tax break for charitable gifts

Xavierarnau | E+ | Getty Images If you’re retired and planning a year-end donation to charity, there’s a key move to maximize your tax break, financial experts say.   Qualified charitable distributions,... Read more »
These key 401(k) changes are coming in 2025. What savers need to know

These key 401(k) changes are coming in 2025. What savers need to know

Images By Tang Ming Tung | Digitalvision | Getty Images As some Americans struggle to save for retirement, key 401(k) plan changes could soon make preparing easier for certain workers, experts say. ... Read more »
Why tax-loss harvesting can be easier with ETFs

Why tax-loss harvesting can be easier with ETFs

Izusek | E+ | Getty Images Despite a strong year for the stock market, you could still be sitting on portfolio losses. But you can leverage down assets to score a tax... Read more »
Demand for Roth IRA conversions may increase under a Trump presidency

Demand for Roth IRA conversions may increase under a Trump presidency

dowell | Moment | Getty Images Before the election, some advisors increased Roth individual retirement account conversions for clients amid the threat of higher taxes after 2025. Now, tax hikes are less... Read more »
Year-end Roth IRA conversions are popular — but don’t wait too long

Year-end Roth IRA conversions are popular — but don’t wait too long

If you’re weighing a year-end Roth individual retirement account conversion, waiting too long could be risky, financial experts say.   Roth conversions move pretax or nondeductible IRA funds to a Roth IRA, which can... Read more »
Demand for Roth IRA conversions may increase under a Trump presidency

How to leverage higher income limits for the 0% capital gains bracket

dowell | Moment | Getty Images The earnings limit for the 0% capital gains bracket will rise in 2025, which could offer tax planning opportunities, financial experts say. At sale, profitable assets... Read more »
Here’s the 0% capital gains bracket income limit for 2025

Here’s the 0% capital gains bracket income limit for 2025

Phynart Studio | E+ | Getty Images If you’re ready to rebalance investments or harvest profits, you could shield more earnings from capital gains taxes in 2025. The IRS on Tuesday announced... Read more »
Here’s how to know if active ETFs are right for your portfolio

Here’s how to know if active ETFs are right for your portfolio

Izusek | E+ | Getty Images Exchange-traded funds are generally known for passive strategies. But there has been a surge in actively managed ETFs as investors seek lower costs and more precision,... Read more »
There’s a key change coming to 401(k) catch-up contributions in 2025

There’s a key change coming to 401(k) catch-up contributions in 2025

Aire Images | Moment | Getty Images Many Americans face a retirement savings shortfall. However, setting aside more money could get easier for some older workers in 2025. Enacted by Congress in... Read more »
Trump’s tax cuts could expire after 2025. How advisors are preparing

Trump’s tax cuts could expire after 2025. How advisors are preparing

Republican presidential nominee former President Donald Trump attends a rally at the site of the July assassination attempt against him, in Butler, Pennsylvania, Oct. 5, 2024. Brian Snyder | Reuters More from... Read more »
Why your Roth IRA conversions could have ‘unintended’ tax consequences

Why your Roth IRA conversions could have ‘unintended’ tax consequences

Baona | E+ | Getty Images As year-end approaches, you may be eyeing Roth individual retirement account conversions. The strategy, however, boosts your income, which can have other tax consequences, experts say.... Read more »
You can still lower your tax bill with a ‘spousal IRA’ contribution

You can still lower your tax bill with a ‘spousal IRA’ contribution

10’000 Hours | Digitalvision | Getty Images There’s still time to lower your 2023 tax bill or boost your refund with a lesser-known retirement savings strategy for married couples. One requirement for... Read more »
There’s still time to meet the IRA contribution deadline for 2023

There’s still time to meet the IRA contribution deadline for 2023

Damircudic | E+ | Getty Images The tax deadline is approaching and there’s still time to score a deduction with a pretax individual retirement account contribution — if you qualify. For 2023,... Read more »
How to know if you’re withholding enough taxes from your paycheck

How to know if you’re withholding enough taxes from your paycheck

Witthaya Prasongsin | Moment | Getty Images If your tax refund or bill is bigger than expected, it could be time to adjust your paycheck withholding — and a simple calculation could... Read more »
Here’s who qualifies for the home office deduction for 2023 taxes

Here’s who qualifies for the home office deduction for 2023 taxes

Justin Paget | Digitalvision | Getty Images If you were fully remote or a hybrid worker in 2023, you may be curious about the home office deduction for your tax return. While... Read more »
This costly withholding mistake is ‘always a surprise,’ tax pro says

This costly withholding mistake is ‘always a surprise,’ tax pro says

Guido Mieth | Stone | Getty Images As millions of Americans start filing returns, experts warn that last year’s tax withholding errors could trigger an unexpected bill. The IRS requires tax payments... Read more »
Here’s how to get a faster tax refund, expert says

Here’s how to get a faster tax refund, expert says

D3sign | Moment | Getty Images Tax season has kicked off and the IRS has started to process 2023 returns. If you’re expecting a refund, there are a few ways to get... Read more »
What to know about financial advice as lawmakers debate rule changes

What to know about financial advice as lawmakers debate rule changes

When employees who contribute to a 401(k) plan leave a company, they have options for what to do with that money.  Depending on what the employer retirement savings plan allows, exiting employees... Read more »