taxes

Veterans to Get Third Stimulus Check by Mid-April
Coronavirus and Your Money

Veterans to Get Third Stimulus Check by Mid-April

The IRS is still reviewing data it received from the Department of Veterans Affairs that is needed to process third stimulus payments to certain veter…
March 30, 2021
PPP Loan Basics for Small Business Owners
Coronavirus and Your Money

PPP Loan Basics for Small Business Owners

Although uncertainty and confusion have surrounded the Paycheck Protection Program since its launch, that shouldn't stop small business owners from pa…
March 30, 2021
Tax Refund Scam Targets College Students and Staff
Scams

Tax Refund Scam Targets College Students and Staff

The IRS says there's a new phishing scam aimed at people with email addresses ending in ".edu."
March 30, 2021
How Much of Your Estate Will Be Lost to Taxes?
tax planning

How Much of Your Estate Will Be Lost to Taxes?

If you’re worried that a sizable chunk of your legacy may go to Uncle Sam, there are steps you can take to reduce the effects of the SECURE Act and th…
March 29, 2021
Good Planning Can Reduce the Chances of Taxes Hurting Your Retirement Funds
tax planning

Good Planning Can Reduce the Chances of Taxes Hurting Your Retirement Funds

There are a lot of pieces to the retirement tax-planning puzzle, but lucky for you, that means you have a lot of options to help control your taxes.
March 27, 2021
Child Care Tax Credit Expanded for 2021
Tax Breaks

Child Care Tax Credit Expanded for 2021

The American Rescue Plan helps families with young children by temporarily increasing the amount and scope of the child and dependent care tax credit.
March 26, 2021
6 Biden Stimulus Benefits That Pack the Biggest Punch
Coronavirus and Your Money

6 Biden Stimulus Benefits That Pack the Biggest Punch

From stimulus checks to enhanced unemployment benefits, these perks from the American Rescue Plan will provide significant financial relief to million…
March 26, 2021
Social Security Recipients to Get Delayed Third Stimulus Checks After SSA Sends Data to IRS
Coronavirus and Your Money

Social Security Recipients to Get Delayed Third Stimulus Checks After SSA Sends Data to IRS

The failure to send information sooner delayed stimulus payments for nearly 30 million Social Security and Supplemental Security Income beneficiaries.
March 25, 2021
More Third Stimulus Check Payments Sent This Week
Coronavirus and Your Money

More Third Stimulus Check Payments Sent This Week

The IRS issued the second batch of third-round stimulus payments this week. Direct deposit payments are already available, while additional paper chec…
March 25, 2021
Are Your Investments Overinflating Your Tax Bill? It’s Time to Fix That
tax planning

Are Your Investments Overinflating Your Tax Bill? It’s Time to Fix That

With some thoughtful planning, you can avoid paying more than you need to in taxes. Some tweaking of where you invest and how you pull your money out …
March 25, 2021
Talking with the Taxpayer Advocate: The IRS Is Under Stress
Financial Planning

Talking with the Taxpayer Advocate: The IRS Is Under Stress

The pandemic and new stimulus-driven responsibilities are straining IRS resources.
March 24, 2021
States Eye Higher Taxes for Top Earners
Tax Breaks

States Eye Higher Taxes for Top Earners

The tax revenue could close budget gaps, but the measures could drive away mobile workers.
March 24, 2021
10 States With the Highest Beer Taxes
Tax Breaks

10 States With the Highest Beer Taxes

Find out where you'll spend the most money on some suds.
March 24, 2021
How to Report an IRA Charitable Distribution on Your Tax Return
income tax

How to Report an IRA Charitable Distribution on Your Tax Return

Your IRA administrator will send you a 1099-R, noting your entire distribution; you need to report it to Uncle Sam — and call out what portion was use…
March 23, 2021
Deduct Expenses for Long-Term Care on Your Tax Return
Long-Term Care Insurance

Deduct Expenses for Long-Term Care on Your Tax Return

The IRS allows some limited tax breaks on medical expenses and insurance premiums related to long-term care.
March 23, 2021
Withholding Taxes From Social Security
social security

Withholding Taxes From Social Security

Older taxpayers can avoid a big bill at tax time or a penalty for underpaying taxes by having the government withhold taxes from their Social Security…
March 23, 2021
Calculating Taxes on Social Security Benefits
social security

Calculating Taxes on Social Security Benefits

Uncle Sam can tax up to 85% of your Social Security benefits if you have other sources of income, such as earnings from work or withdrawals from tax-d…
March 23, 2021
13 States That Tax Social Security Benefits
social security

13 States That Tax Social Security Benefits

You may have dreamed of a tax-free retirement, but if you live in these 13 states, your Social Security benefits are subject to a state tax. That's on…
March 22, 2021
33 States with No Estate Taxes or Inheritance Taxes
retirement

33 States with No Estate Taxes or Inheritance Taxes

Even with the federal exemption from death taxes raised, retirees should pay more attention to estate taxes and inheritance taxes levied by states.
March 22, 2021
22 IRS Audit Red Flags
Special Report
tax filing

22 IRS Audit Red Flags

A Kiplinger Special Report
March 22, 2021
IRS Extends Tax Deadlines for Texas, Oklahoma and Louisiana Winter Storm Victims
Tax Breaks

IRS Extends Tax Deadlines for Texas, Oklahoma and Louisiana Winter Storm Victims

Following FEMA's recent disaster declaration for winter storms in Texas, Oklahoma and Louisiana, victims of the recent winter storms in those states g…
March 20, 2021
6 Money-Smart Ways to Spend Your Third Stimulus Check
Coronavirus and Your Money

6 Money-Smart Ways to Spend Your Third Stimulus Check

If you don't have to use your third stimulus check for basic necessities, consider putting the money to work for you. You'll thank yourself later.
March 20, 2021
When Will Your Third Stimulus Check Arrive?
Coronavirus and Your Money

When Will Your Third Stimulus Check Arrive?

The American Rescue Plan authorizes a third round of stimulus checks. When might you receive your payment?
March 19, 2021
Unemployment Tax Break: Don't Amend Your 2020 Tax Return to Claim the New Exemption
Coronavirus and Your Money

Unemployment Tax Break: Don't Amend Your 2020 Tax Return to Claim the New Exemption

The IRS is still figuring out the best way to handle to new $10,200 tax exemption for unemployment benefits received in 2020, but it doesn't want you …
March 19, 2021
IRS Extends Tax Return Filing Deadline to May 17
Coronavirus and Your Money

IRS Extends Tax Return Filing Deadline to May 17

Pressure has been building for weeks to give taxpayers more time to file their 2020 federal income tax returns.
March 19, 2021
Fund Your IRA, Cut Your Taxes
Tax Breaks

Fund Your IRA, Cut Your Taxes

Now that the tax return filing deadline has been extended, there's even more time to make a 2020 IRA contribution and lower your tax bill.
March 19, 2021