Every parent hopes their children will someday attend college and change the world. The reality is that not every child can ...

I'm 71 years old and my current Thrift Savings Plan (TSP) balance is $315,000 after withdrawing $60,000 this year. This is ...

Opening a Roth IRA can be as simple as opening a bank account, but there are some things you should know to get started. Read on to learn more.

In 2025, individuals with a modified adjusted gross income below $150,000, or below $236,000 for married couples filing jointly, can contribute up to $7,000 to a Roth IRA. If you're 50 or older ...

(See the IRS instructions for calculating modified adjusted gross income (MAGI) for traditional IRAs.) ...

Independent contractors can lower their tax bill by writing off business costs like travel and insurance but should consult a ...

The April 1, 2025, deadline for required minimum distributions (RMDs) is fast approaching for retirees who turned 73 in 2024.

This update surveys recent federal tax developments involving individuals, including court cases, rulings, and guidance ...

Medicare increases the monthly premiums for Part B and Part D coverage if your income is higher than certain limits. To avoid these surcharges, you can reduce your modified adjusted gross income.

Not only does Utah not offer tax credits or rebates for purchasing an EV, you’ll have to pay higher vehicle registration fees ...

NEXT explains that if you’re an independent contractor, it’s your job to pay taxes on your own—and you’ll want as many 1099 ...