You might have heard about a specific age when Social Security benefits become tax-free. It may have been 70, 72, or even 65.

Since contributions to the account are made with after-tax dollars—meaning you fund it with money on which you've already paid taxes—there is no immediate tax advantage. The primary benefit of ...

An after-tax 401(k) contribution allows you to deposit more than the $23,000 pretax limit for 2024 ($30,500 for those age 50 or older). The total 401(k) contribution limit that includes employer ...

Democrats are going after tax avoidance from big companies and wealthy individuals as the debate on taxes heats up ahead of ...

the capital gains tax. After all, picking the right stock or mutual fund can be challenging enough without worrying about after-tax returns. Likewise, selling a home can be a daunting task ...

Net income is the amount you actually take home after deductions are made. These deductions include taxes, as well as other ...

But for new divorces finalized after 2018, alimony payments are no longer deductible by the payor nor taxable to the recipient at the federal level. States taxes will vary with some, like ...

It has been decreasing its inheritance tax by 20% per year since 2021. For deaths that occur in or after 2025, there will be no inheritance tax. The inheritance tax in Iowa applies to estates of $ ...

With a traditional IRA CD, withdrawals made after age 65 are still considered taxable income and must be reported accordingly when filing taxes. Withdrawals taken from a Roth IRA CD after age 65 ...

Profit and prosper with the best of expert advice - straight to your e-mail. Sign up The sweeping tax deal came after ...

On a salary of $100,000 per year, as long as you have minimal debt, you can afford a house priced at around $311,000 with a monthly payment of $2,333. This number assumes a 6.5% interest rate and ...