While there are no specific 529 plan contribution limits, most people consider the $19,000 annual gift tax exclusion to be the main contribution limit. 529 plans are tax-advantaged accounts that allow ...

West Virginia is phasing out its tax on Social Security benefits. For 2025 returns (filed in 2026), 65% of benefits will be ...

Key Points ・You usually have up to 3 years to amend your tax return to fix errors. ・Use Form 1040-X to report the changes to the IRS. ・You must include any forms that changed (W-2, 1099, 1098-T). You ...

When it comes to voluntarily paying taxes on time to the IRS, crypto investors may not have a great record. At least, not according to an IRS review from 2023, which showed “the potential for” a mere ...

If you're paying a tax preparer to handle your taxes for you, make sure they have this official ID number. Otherwise, you ...

Wealth Enhancement reports seven year-end tax moves to optimize savings, including maximizing retirement contributions and ...

Saving for retirement is one of the primary goals of financial planning … and individual retirement accounts (IRAs) are one ...

Don’t spend that money just yet! Rumors are circulating online that the federal government will issue new stimulus checks ...

With comments about payments from President Donald Trump to rebates to certain states, it's easy to see why Americans may be ...

Rumors continue swirling online about IRS relief payments landing in bank accounts by November or year’s end — but are they ...

A re eligible Americans set to receive IRS direct deposit stimulus check from the Donald Trump administration? There has been ...

Imagine this hypothetical scenario: Lorin, a 42-year-old market researcher at a firm who also started his own business, hates ...