What are Roth IRA taxes & how do they work? Roth IRAs have unique tax benefits for investors, including tax-free growth and withdrawals. Learn how Roth IRAs work and how they compare with other tax-advantaged retirement accounts here.
Gift tax: What is it and how does it work? Gift taxes are levied when a person gives away more than the annual per-recipient limit. Learn more about the exclusions, tax rates, and how to avoid gift taxes.
Unraveling the 403(b): Eligibility, withdrawal rules & taxes A 403(b) plan is similar to a 401(k) plan with a few exceptions. Here's how 403(b) plans work, as well as the pros and cons of investing in this type of retirement plan.
EITC explained: Insights on the earned income tax credit The earned income tax credit (EITC) is a federal tax credit designed to provide financial assistance to low-to-moderate-income workers. Learn who qualifies and how it works.
Understanding the tax-advantaged SEP IRA A SEP IRA — short for simplified employee pension plan — is a tax-advantaged retirement plan designed for business owners, including self-employed individuals. Learn its pros and cons to help you determine if it's the right retirement option for you.
Standard deduction: tax advantage The standard deduction is a fixed dollar amount that reduces the portion of your income on that you’re taxed. It allows taxpayers to reduce their taxable income and simplify the tax process.
What is tax liability? Tax liabilities can be a major expense for many households and individuals. Learn the basics of tax liabilities are and how you can help reduce them.
What’s the difference between after-tax contributions to a 401(k) plan vs. Roth 401(k)? While similar, Roth and after-tax 401(k) plans have several key differences. Dig deeper into the pros and cons of each.
What is PITI? PITI stands for principal, interest, taxes, and insurance. It's what makes up your monthly mortgage payment.
How to spend your tax refund Here are five ways to use your tax refund as a tool for investing in your future.
Tax abatement: What you should know Tax abatements provide savings on property taxes and can be used by businesses and individuals. Find out more about how property tax abatements work.
Survey: How are people spending their tax return? It's tax season. Here's how well the average American understands tax filing, plus how taxpayers plan to spend or save their refund.