Most financial planning studies suggest that the ideal contribution percentage to save for retirement is between 15% and 20% of gross income. These contri...

The life insurance company generally invests this money in a conservative-yield investment. As you continue to pay premiums on the policy and earn more in...

When you become unemployed, managing your cash flow is critical. If you do, you should invest the money in a liquid investment, such as a money market, th...

To quickly get a copy of your 1099-G or 1099-INT, simply go to our secure online portal, MyTaxes, at and click the Retrieve Electronic 1099 link. This is ...

Employees who take online classes to improve their job skills may be able to deduct tuition and related costs as unreimbursed employee expenses. Related c...

When you’re giving food to food banks and other nonprofit organizations, you’re protected from criminal and civil lawsuits by the Bill Emerson Good Samari...

Even though contributions to Roth IRAs are not tax deductible, for tax year 2019 the maximum amount a taxpayer can contribute is reduced if their MAGI is:...

Premium tax credits are available to individuals and families with incomes between 100 percent of the federal poverty line ($23,550 for a family of four) ...

The good news is that you can give as much cash as you want to any person, related or not, without incurring taxes on the gift. However, any gift of prope...

If you have landed your first job or are starting a new job, you will need to fill out a W-4 (Employee’s Withholding Certificate) form so that your employ...