IRS Urges Caution: Select Your Tax Preparer Wisely—Here’s What You Need to Know

We're just about a month away from the tax deadline , so if you still haven’t submitted your taxes, you may be thinking about employing an expert to handle them. Although you could file on your own at no cost, engaging a seasoned tax preparer can alleviate anxiety, particularly if you’re new to...

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Living in Any of These 41 States? Get the Scoop on Social Security Taxes

At the beginning of September, approximately 54 million Americans were receiving Social Security retirement benefits. For numerous individuals, this program serves as their primary source of income during retirement, which underscores its significance and effectiveness as one of the nation’s key social...

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41 States Where Social Security Benefits Go Untaxed

Contrary to the popular misconception, Social Security income can be taxed. Social Security beneficiaries who have substantial other sources of income can have as much as 85% of their benefits included in their taxable income calculation. In fact, tax on Social Security benefits is a major...

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How to Inherit an IRA Without Facing a Massive Tax Bill

Individuals who recently came into possession of retirement accounts now have clarity from the Internal Revenue Service regarding the process for withdrawing funds. Several tactics can assist you in minimizing what goes to the IRS unnecessarily. The bewildering rules surrounding inherited Individual...

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