Chances are a big portion of your retirement savings are in pretax accounts like a 401(k) or IRA. If you need to tap those accounts for costly care, you must realize that every dollar is taxable. And you might be shocked at the tax rates that come with withdrawals large enough to foot the bill.
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Nobody really likes to think about his or her credit report. Even if you’re 99% certain that your credit is in good standing, requesting your annual credit report can be an exercise in anxiety. Imagine if you’re wrong. Maybe, all along, you didn’t really understand your report in the first place.
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Domestic abuse often includes control over finances. An important part of managing finances is understanding one’s tax rights. Taxpayers have the right to expect the IRS to consider facts and circumstances that might affect the individual’s taxes.
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Taxpayers who are victims of a disaster might need to reconstruct records to prove their loss. Doing this may be essential for tax purposes, getting federal assistance, or insurance reimbursement. IRS Tax Tip 2017-54, October 4, 2017 Here are 12
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We didn’t know how to dig ourselves out of our tax debt, but we managed to do it, and we learned some valuable lessons along the way. If you’re overwhelmed by the amount you owe, here are some tips to help you rebound from a surprise tax bill.
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If you or someone you know is being affected by Hurricane Harvey, please send this information NOW…it could save them a lot of hardship! – Chris Crabb WASHINGTON —The Internal Revenue Service today announced that 401(k)s and similar employer-sponsored retirement
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