Tag Archive for: taxable income

What Are Your Chances Of An IRS Audit? 15 Audit Red Flags To Know Before You File

Most taxpayers can relax. In recent years, the IRS has audited well under 1% of individual tax returns, and that figure is expected to decline further. That said, audits haven’t disappeared. Here are 15 common audit red flags to be aware of.

How 2026 Tax Bracket Changes Affect Retirement Income

Understanding the new federal income tax thresholds could save retirees thousands through smarter withdrawal timing and conversion strategies.

Want To File 2025 Income Taxes Early? The Tax Season Will Open Soon

Although you cannot file your 2025 tax return before the IRS officially opens the 2026 tax season, you can prepare in advance by following IRS guidelines so you’re ready to file as soon as the date is finalized.

Congress Considers Major 401(k) Changes For 2026: What High Earners Should Know

Recent reports indicate that Congress is reviewing proposals that may adjust contribution limits, tax benefits, and eligibility rules beginning in 2026. The uncertainty is prompting many investors to revisit their retirement strategies sooner rather than later.

How New Tax Laws Might Help You Keep More Money In Your Paycheck This Year

The “One Big, Beautiful Bill” introduced several new tax breaks and expanded others, which will likely lower 2025 tax bills or increase refunds for many taxpayers. Because of this, some people may want to adjust the amount they have withheld from their final paychecks of the year.

Major 401(k) Tax Break For Certain Earners Is Coming To An End

The IRS has issued final regulations for a 2022 law, which will require high-earning workers aged 50 and up to make pre-tax catch-up contributions.