Do You Have to File Taxes if You Have No Income?
Inside: This guide will help you determine if you are eligible for a tax refund, find out what deductions and credits you…
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Using a Roth IRA Annuity for Retirement
There are different financial vehicles that you can use to save for retirement. A Roth individual retirement account is one option; an annuity is another. A Roth IRA annuity combines features of both into a single financial tool. You can ⦠Continue reading â
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Can You Get a Tax Deduction for Your 401(k)?
Planning for retirement requires us to consider not only how to build wealth but how to protect it. Employers offer 401(k)s to address the first need, but careful planning can help us ensure our money stays with us. While you canât ⦠Continue reading â
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Georgia State Tax: Rates and Who Pays in 2022-2023
Virginia state income tax rates are 2%, 3%, 5% and 5.75%. Virginia state income tax brackets and income tax rates depend on taxable income and residency status. Virginia state incomeâ¦
Examples of Nontaxable Income vs Taxable Income
The IRS divides income into taxable and nontaxable categories. In general, income is taxable unless thereâs a law exempting it. As youâd expect, all taxable income must be included on your yearly income tax return. But hereâs the twist: Nontaxable income may also need to be listed on your return, too. Because anything tax-related is […]
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Here’s Your New Standard Deduction and Tax Rate for 2023
The popular federal income tax break and tax brackets increased by more than usual for this year due to high inflation.
3 Ways Retirees Are Spending Their IRA Savings
After decades of saving, why are today’s retirees cracking into their nest eggs?
Are You Even Required to File a Tax Return? Here’s How to Tell
Millions of households to pay zero federal income taxes — and it’s perfectly legal.
2015 Roth IRA Updates
Once again it’s the time of year when the IRS announces changes to the Roth IRA contribution and income limits. So what’s in store for 2015 for Roth IRA?
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What Happens If I Really Do Run Out of Money in Retirement?
It’s a reasonable worry, but not the end of the world — especially if you take these steps.