The wisdom of undertaking Roth conversions is highly dependent on the particular household circumstances. Roth conversions do not avoid taxes, they accelerate taxes. Conversions pay off when the tax ...

IRS software compares these tax forms to your return, and it can be "flagged for audit" when there's a mismatch, explained Elizabeth Young, director of tax practice and ethics for the American ...

The majority of adults 73 and older who have to take required minimum distributions (RMDs) -- mandatory annual withdrawals ...

The Tax Cuts and Jobs Act signed in 2018 is set to expire at the end of 2025, which means that unless Congress acts again, we’ll be taking home a lot less income in 2026.

Much of the debate so far has been on the tax rates themselves, but there are also other ideas for ways to offer residents a ...

Representative Andy Biggs (R-AZ) explains when taxpayers can expect to feel the effect of DOGE’s spending cuts. Rep. Biggs ...

Tax expert Turon Kendrick shares essential advice, emphasizing the importance of early but complete filing, ensuring all tax ...

Going without insurance hurt all low-income Americans. But studies suggest the drop in Black Americans’ coverage under Trump’s plan outpaced that of white Americans. The rate of uninsured Black ...

No one likes paying income tax, but residents of some states have it worse than others. Here are some of the worst offenders ...

The federal government readjusts tax brackets and the annual standard deduction each year to keep up with inflation. One ...

Investors typically expect rising long-term rates to put pressure on stocks, especially when inflation spikes, but the S&P 500 SPX was up slightly for one week through Thursday, up 4.1% for 2025 and ...

For the past several years, Republican state lawmakers have pushed to rein in rising property tax bills. That push culminated ...