Ask Kim

Kim Lankford answers your questions about managing money -- specifically, insurance and taxes -- twice a week.

December 3, 2018

Make the Most of Potential Tax Deductions Under the New Tax Law

With some year-end planning, you may still find it worthwhile to file an itemized return to lower your 2018 tax bill.

See More On: Tax Planning | Mortgages & Refinancing | Tax Breaks

November 21, 2018

Deadlines for 529 College-Savings Plan Distributions

You may be able to use the 529 money for more expenses than you thought. But you must take withdrawals in the calendar year you incur the expense.

See More On: Paying for College

November 20, 2018

Get a Tax Reward for Saving for Retirement

If you sock away money in a retirement plan, you may be eligible for a tax credit from Uncle Sam worth up to $1,000 per person.

See More On: Saving for Retirement | 401(k)s | IRAs

November 29, 2018

How to Save on Prescription Drugs

Employers and insurers are offering more online tools and smartphone apps that steer you to the lowest drug prices.

See More On: Health Care & Insurance | Medicare

November 30, 2018

How to Endow a Scholarship

There may be contribution minimum requirements to set up a scholarship in your area. Here's what you need to know.

See More On: Family Finances

November 29, 2018

What You Need to Know About Taxes on Rental Income

Before renting out your home, familiarize yourself with the tax implications.

See More On: Tax Planning | Tax Breaks

November 29, 2018

Using 529-Plan Money for College Overseas

If your son or daughter plans to attend college abroad, here's what you should know.

See More On: 529 Plans | Paying for College

November 9, 2018

Year-End Financial Checkup for Military Members

Now is a good time to boost savings and double-check your benefits. But the most important decision to make is whether to sign up for the new Blended Retirement System.

See More On: Financial Planning | Family Finances

November 7, 2018

Contribute More to Retirement Accounts in 2019

Retirement savers can stash an extra $500 in IRA and 401(k) plans, and the income limits for contributing to a Roth are higher.

See More On: 401(k)s | IRAs | Roth IRAs

October 31, 2018

Financial Gifts for Kids

Invest in a child’s future with gifts of stock or contributions to a Roth IRA or college savings.

See More On: Family Finances | Stocks & Bonds

October 26, 2018

Seasonal Hirings to Hit a Record High

If you want to earn some extra cash for the holidays, you’ll have a better chance than ever of landing a temporary job as retailers and delivery companies announce a record number of seasonal hires.

See More On: Careers

October 25, 2018

Taxes on a Gift of Stock

If you give appreciated securities to children, the amount they’ll pay in taxes when they sell depends on whether they receive the shares while you’re still alive or as an inheritance.

See More On: Tax Planning

October 22, 2018

The Rules for Making a Tax-Free Donation from an IRA

Making tax-free gifts to charity from an IRA is gaining in popularity among older investors, thanks to changes under the new tax law. Here’s what you need to know to make a qualified charitable distribution.

See More On: IRAs | Tax Breaks | Tax Planning

October 12, 2018

What You'll Pay for Medicare Premiums in 2019

A new surcharge tier will kick in for 2019 for people with the highest incomes.

See More On: Medicare

October 11, 2018

Social Security Benefits to Increase 2.8% with 2019 COLA Adjustment

While recipients will get a cost-of-living adjustment, workers will have more of their income subject to the Social Security tax.

See More On: Social Security | Making Your Money Last | Saving Money

October 4, 2018

October 4, 2018

New Rules on Capital Gains

Rates didn’t change, but they’re pegged to your income instead of your tax bracket.

See More On: Tax Planning | Tax Prep & Filing

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