Taxes
Five Ideas for Your Tax Refund
A tax refund is a return of your money. Here are some tips on how to improve the results.
Six Stealth Taxes That Can Derail Your Retirement
Six stealth taxes can increase your income tax liability and reduce your lifetime after-tax retirement income. Planning for each of them should begin long before and continue throughout retirement.
Carve Out Your 401(k) Company Stock for Favorable NUA Tax Treatment
Adviser Robert Klein explains how and when to withdraw highly appreciated stock from your 401(k) plan without the market value of the stock being subject to taxation.
Ask Bob: How to Get the IRS to Forgive Tax Debt
Jeffrey Levine of Buckingham Wealth Partners helps a reader learn how to ask the IRS to for debt forgiveness.
Ask Bob: What Home Sale Expenses Are Tax Deductible?
Craig Steinhoff, CPA, answers a Retirement Daily reader's question about what home sale expenses are tax deductible.
The IRA Tax Break Retirees Need to Know About Now
Adviser Matthew Curfman explains how to lower your taxable income while at the same time doing good for others.
The 'Widow's Penalty': What It is and How to Plan
Adviser William Harris writes this disadvantage is an equal-opportunity offender. It affects both widows and widowers alike, as well as people at various income levels.
Be on the Lookout for RMD Notices This Year
Robert Powell advises IRA owners that the new SECURE act retirement legislation changes when they need to begin taking required minimum distributions.
Subscribe to IRS's Tax Tips
You may not want more stuff in your inbox, but Bob Powell writes that these tax tips from the IRS are worth it.
Why You Should Have a Charitable Giving Plan
Adviser Sandra Adams has great strategies for making the most of charitable donations under the Tax Cuts and Jobs Act.
Is Net Unrealized Appreciation in Your Future?
The NUA tax strategy can be a real tax-saving advantage for those who qualify, writes adviser Marguerita M. Cheng.
Tax Withholding Estimator Helps Calculate Tax on Social Security, Pensions
A new tool from the IRS helps retirees quickly and easily figure out the right amount of tax to be taken out of their pension payments.
How to Cut Taxes on Retirement Savings
Adviser Kaleb Paddock explains how to stop worrying and embrace Roth contributions.
Best Ways to Create Tax-Efficient Income in Retirement
Advisers David Buckwald and Greg Dillon run down tax efficiency for all types of retirement assets, including traditional IRAs, Roth IRAs and Social Security and more.
Tip of the Week: IRS OKs Medical Expense Deduction for Genetic Testing
IRS private ruling signals the cost of genetic tests directly related to health assessments may qualify for a tax deduction.
Making the Most of Your Tax Brackets in Retirement
Adviser Jason Coleman looks at some of the significant tax changes that came with the Tax Cuts and Jobs Act and how retirees can use them to their advantage.
The Right Way to Avoid Unnecessary Taxes on Your Retirement Savings
Adviser Dennis Drake says retirement savers can reposition assets to pay the least amount of tax legally possible.
See Your Taxes Going Up? Consider a Roth Conversion
For some, RMDs may increase their future income tax liability. Adviser Jim Werner reviews the ins and outs of a Roth conversion.
Planning for a Tax-Free Retirement
Adviser Kaleb Paddock explains how to stop worrying and embrace Roth contributions.
Don't Miss New Changes to Divorce Tax Law
Adviser Deanne Phillips says a misstep in 2019 planning could cost some people big money.
Why You Should Have a Charitable Giving Plan
Adviser Sandra Adams has great strategies for making the most of charitable donations under the new tax law.
Are You on Track for a Big Tax Bill in Retirement?
Adviser Keith Whitcomb outlines accumulation strategies to minimize taxes in retirement.
Invest for Retirement in the Most Tax-Efficient Way
Plan ahead to minimize your taxes and maximize your retirement assets.
Tip of the Week: Check Your 1099-R
Don't overlook the form used to report the distribution of retirement benefits.