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Kiplinger's Personal Finance
As the "Ask Kim" columnist for Kiplinger's Personal Finance, Lankford receives hundreds of personal finance questions from readers every month. She is the author of Rescue Your Financial Life (McGraw-Hill, 2003), The Insurance Maze: How You Can Save Money on Insurance -- and Still Get the Coverage You Need (Kaplan, 2006), Kiplinger's Ask Kim for Money Smart Solutions (Kaplan, 2007) and The Kiplinger/BBB Personal Finance Guide for Military Families. She is frequently featured as a financial expert on television and radio, including NBC's Today Show, CNN, CNBC and National Public Radio.
The American Opportunity Credit is worth up to $2,500 per student for each of the first four years of college. If you missed taking the credit, you may still be able to claim it by filing an amended return.
See More From: Ask Kim
Your IRA administrator should have sent you a Form 1099-R, but you’ll also need to specify on your return that your distribution was a tax-free transfer to charity.
You can throw away most supporting tax records after three years. But keep your returns indefinitely.
Plan a smooth return to civilian life with this checklist.
See More From: Family Finances
If you turned 70½ last year, you had the option to delay your first required minimum distribution until April 1 of this year. Fair warning: That's a Saturday, so don't wait until the last minute.
Paired with a high-deductible health insurance policy, an HSA is a great way to save a tax-free stash of money for medical expenses. Most of the health care overhaul proposals in Congress would expand the use of HSAs.
Benefit from special perks and resources to ease military moves.
See More From: Buying & Selling a Home
More states are introducing ABLE accounts, which allow you to save money that can be used tax-free to benefit a person with a disability.
Make the most of special savings plans and new rules.
See More From: Saving for Retirement
Air Force major now offers financial guidance to military members.
See More From: Careers
Workers 50 and older aren't the only ones who can make bonus contributions.
Military Saves Week is the perfect time for military families to take stock of their finances, make the most of special saving opportunities and plan for the future.
It's simple: First contribute to a traditional IRA, then convert that IRA to a Roth.
You can use money from a Coverdell education savings account tax-free for education expenses from kindergarten through college.
If you had an eligible high-deductible health insurance policy last year, you have until this year's tax deadline to add money to an HSA.
If you are well under your allotted mileage limit, you may be rewarded.
You usually can't switch to another Medicare Advantage plan until open enrollment in the fall, but there are exceptions.