How to Minimize the Cost of Early IRA Withdrawals
Discover how to make early IRA withdrawals while avoiding the taxman — or at least minimizing his take.
Category: Taxes
Keep More of Your IRA/401(k) Gains Through Smart Tax Planning
Asset allocation is crucial to your investing success. But if you have a tax-advantaged retirement account and a taxable investment account, so is asset location.
It’s Tax Time!
The 2022 tax-filing season (for tax year 2021) is underway and — not surprisingly! — this year's 1040 (PDF) has a few changes.
Kiplinger provides an overview:
Many (but not all) of the new items on the 2021 1040 form
Beware the Mutual Funds’ End-of-the-Year Tax Trap
Many stock funds have had considerable gains this year — and that means taxable distributions for investors with taxable accounts.
Medicare Premiums and Deductibles to Rise Sharply in 2022
An increase in Medicare Part B premiums will eat into the 2022 cost-of-living adjustment announced last month by Social Security. (Part B covers physician services, outpatient care, certain home health services, medical
The “Earnings Test”: How Earned Income Can Affect Social Security
If you're planning to keep working after claiming Social Security benefits, you need to know how your income might affect your benefits — and your taxes.
Non-Cash Donations: Worth More in Tax Savings Than You Might Think!
In 1917, members of Congress worried that a tax increase imposed to fund America’s involvement in World War I might prompt people to cut back on charitable donations. So, along with the increase, Congress created a tax
Your Tax Dollars at Work
Today is the tax-filing deadline for your 2020 income taxes — a bit later than normal because of COVID. (Taxpayers in areas affected by the February storms that hit Texas, Oklahoma, and Louisiana have until June
May 2021 Sightings
The Financial Times asks “Are Retail Investors Safe In Today’s Heady Stock Markets?” and The Wall Street Journal reports on the proposed hike in the capital-gains tax.
Commodities & Taxes
SMI's newly recommended commodities exposure is off to a great start in 2021, gaining +4.4% so far this year (through the close on January 19). That's considerably better than the +1.28% gain the S&P 500 has generated