Beginning in 2024, the Secure 2.0 Act will allow people to make tax- and penalty-free rollovers from 529 plans into a Roth IRA. To qualify for the transfer, the 529 plan must have been open for at least 15 years. CLICK ON THE HEADLINE FOR MORE
The official tax filing due date was Monday, April 18 or Monday, Oct. 17 for those who applied for an extension. If you did neither, the question now is: What are the repercussions for you and how can you minimize them? The answers depend on whether you’re owed a refund or whether you still owe the IRS money for 2021. CLICK ON THE HEADLINE FOR MORE
The best place to stash your savings isn’t a retirement account at all — it’s your health savings account. If you don’t have one or don’t know what they are, you definitely want to read this. CLICK ON THE HEADLINE FOR MORE
You’ll now have until July 15 to file your tax returns, whether you’re an individual, trust and estate, corporation and other noncorporation. You can also request an extension beyond July 15.
It’s not always easy to apply financial information to your unique situation. Even the best and brightest can’t possibly know everything. Here are four common “smart people” money mistakes that you can correct or completely avoid, CLICK ON THE HEADLINE
This year people will have the added excitement of figuring out how the health law figures in their 2014 taxes. CLICK ON THE HEADLINE FOR MORE