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

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 »

41% of near retirees failed it

Eclipse_images | E+ | Getty Images Many near retirees expect Social Security to be their largest source of income when they stop working. Yet, those who are on the brink of their... Read more »

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

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

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 »

Laid off? Here’s how to find new work faster

Skynesher | E+ | Getty Images New government data shows a surprisingly strong job market for the month of January. But there are signs of weakness in the labor market, based on... Read more »

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 »

How the generations stack up financially

By many measures, Generation Z is doing well. Compared with their parents at this age, young adults are more likely to have a college degree and work full time — particularly women,... Read more »

Why 2024 will be ‘a very good year for savers,’ particularly with CDs

Simpleimages | Moment | Getty Images Higher interest rates were good news in 2023 for savers who were able to earn the best rates on their cash in years. Even with the... Read more »

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 »

Here’s what to know about the first bitcoin ETFs

Recep-bg | E+ | Getty Images The U.S. Securities and Exchange Commission on Wednesday approved the first U.S. spot bitcoin exchange-traded funds. But experts urge caution before piling into the long-awaited ETFs.... Read more »

62% of adults age 50 and older have not used an advisor for retirement

Mihtiander | Getty Images People age 50 and older are nearing the final stretch when it comes to planning for retirement. Yet, 62% of those in that age cohort have not consulted... Read more »

Here are the best options for short-term savings in 2024, experts say

Boy_anupong | Moment | Getty Images After higher yields in 2023, investors are bracing for interest rate cuts that could put a damper on shorter-term savings. Federal Reserve officials expect three quarter-percentage-point... Read more »

Here’s what to know about 529-to-Roth IRA rollovers for 2024

Nancy Ney | Photodisc | Getty Images The new year has ushered in a big change to 529 college savings plans, which has made the accounts more attractive to some investors. But... Read more »

You can still lower your 2023 tax bill with these last-minute moves

The year-end is quickly approaching, but there’s still a chance to reduce your 2023 tax bill or boost your refund with some last-minute moves, experts say. Dec. 31 is the deadline for... Read more »

What to know about the Dec. 31 deadline

Tom Werner | Digitalvision | Getty Images As the calendar turns to a new year, you may be at risk for losing money if you have a flexible spending account. Many FSA... Read more »

4 must-know changes for your 2023 taxes

Artistgndphotography | E+ | Getty Images 1. Tax brackets got wider When comparing tax year 2022 to 2023, there was a big adjustment to the federal income tax brackets, according to experts.... Read more »

Why Shohei Ohtani’s $700 million contract and deferred income is risky

Shohei Ohtani, formerly of the Los Angeles Angels, pitches during a game in Anaheim, California, on July 6, 2021. Daniel Shirey | Major League Baseball | Getty Images Shohei Ohtani made history... Read more »