Financial advisers often use their software to run multiple scenarios for clients for planning purposes. The breakdowns they ...

Before you can file tax returns, you need to gather all the forms received from your retirement plan, bank, brokerage or mutual fund firm. US hiring picked up in June, defying economists ...

The tax deduction for seniors introduced by the Trump administration is set to expire in 2028, impacting millions of Social ...

The President promised no taxes on Social Security. The OBBBA keeps that promise for some taxpayers. It is not, however, a ...

10 Tax Forms Retirees Receive and What They Mean. Knowing what you’re getting and why is important so you can ensure that you or your tax preparer have what’s needed to file your taxes.

Form 1099-R Distributions from Pensions, Annuities, Retirement Plans, and IRAs If you received a distribution of $10 or more from your retirement, pension, or annuity accounts in 2023, the ...

Trump's exclusion of an oft-touted Social Security proposal will be highly unpopular but is absolutely necessary.

Taxpayers who contribute to qualified employer-sponsored retirement plans, IRAs, or ABLE plans are required to complete IRS Form 8880 to claim the saver’s tax credit.

New IRS tax forms for retirement plan payment withholding, effective Jan. 1, 2023. As background, changes made by the Tax Cuts and Jobs Act in 2017 required the IRS to revise the withholding ...

Retirement income isn't taxed in 13 states — meaning residents can avoid paying taxes on distributions from their 401(k), IRA and pension payouts. In even more states, Social Security payments ...