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2021 Tax Returns: What's New on the 1040 Form This Year
tax filing If you're a last-minute filer, familiarize yourself with potential changes for your 2021 tax return before tackling your 1040.
Traditional IRA Basics: 10 Things You Must Know
Basics A traditional IRA can be a powerful retirement-savings tool but you need to understand contribution limits, RMDs, rules for beneficiaries under the SECURE Act and more.
By Jackie Stewart • Last updated
An RMD Deadline is Looming – And Missing It Could Cost You Big Bucks
required minimum distributions (RMDs) If you're age 72 or older, take your required minimum distribution now to avoid a big penalty or a double-dip next year.
By Rocky Mengle • Published
I Contributed Too Much to an IRA – What Should I Do?
IRAs The rules on excess IRA contributions can be confusing. But if you act early, you can minimize any effect on your taxes.
By William Neilson • Published
Tax Tip: Reporting a 2020 RMD From an IRA That You Later Returned
Coronavirus and Your Money If you paid back a "required minimum distribution" from an IRA last year, you still have to report the payout on your 2020 tax return.
By Joy Taylor • Published
Traditional IRA Contribution Limits for 2021
Financial Planning The contribution limit for traditional IRAs remains the same for this year as 2020.
By Jackie Stewart • Published
How Much Can You Contribute to a Traditional IRA for 2020?
IRAs The contribution limit for traditional IRAs holds steady for 2020.
By the editors of Kiplinger's Personal Finance • Last updated
Converting a Traditional IRA to a Roth in Retirement
retirement You can convert money to a Roth no matter how old you are. But if the conversion boosts your income, it could have taxing consequences.
By Kimberly Lankford • Last updated
Pros and Cons of Rolling Your 401(k) Into an IRA
401(k)s We tell you when it makes sense to move your 401(k) account to an IRA — and when it’s smart to stay put.
By Sandra Block • Published
Roll Over a Lump-Sum Pension Payout Into an IRA
IRAs Be sure to watch out for the tax bite when choosing between a traditional or Roth individual retirement account.
By Kimberly Lankford • Published