Unraveling the 403(b): Eligibility, withdrawal rules & taxes A 403(b) plan is similar to a 401(k) plan with a few exceptions. Here's how 403(b) plans work, as well as the pros and cons of investing in this type of retirement plan.
EITC explained: Insights on the earned income tax credit The earned income tax credit (EITC) is a federal tax credit designed to provide financial assistance to low-to-moderate-income workers. Learn who qualifies and how it works.
Required minimum distributions (RMDs) Required minimum distributions (RMDs) require retirees to start withdrawing money and paying taxes on withdrawals when they reach a certain age. Learn how to calculate your RMDs.
Income tax brackets unveiled To help simplify the topic of taxes, let's discuss federal income taxes, including how income tax brackets work and what tax terms you need to know in order to understand taxes you may owe.
Understanding the tax-advantaged SEP IRA A SEP IRA — short for simplified employee pension plan — is a tax-advantaged retirement plan designed for business owners, including self-employed individuals. Learn its pros and cons to help you determine if it's the right retirement option for you.
Standard deduction: tax advantage The standard deduction is a fixed dollar amount that reduces the portion of your income on that you’re taxed. It allows taxpayers to reduce their taxable income and simplify the tax process.
What’s the difference between after-tax contributions to a 401(k) plan vs. Roth 401(k)? While similar, Roth and after-tax 401(k) plans have several key differences. Dig deeper into the pros and cons of each.
Understanding long-term capital gains tax Learn more about the long-term capital gains tax, how it can offer tax benefits, and how to minimize your tax liability by knowing when to sell your investments.
How to spend your tax refund Here are five ways to use your tax refund as a tool for investing in your future.
Tax abatement: What you should know Tax abatements provide savings on property taxes and can be used by businesses and individuals. Find out more about how property tax abatements work.
Survey: How are people spending their tax return? It's tax season. Here's how well the average American understands tax filing, plus how taxpayers plan to spend or save their refund.
Bonus tax rate 2023: How bonuses are taxed Tax withholdings can impact your work bonus and the methods employers use to calculate it. Learn what steps to take to minimize the impact of taxes on your bonus.
