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 ...

If you're self-employed, you pay Social Security through SE tax. Learn how it works, how much you pay, and how it affects ...

Form 1099-R is an IRS tax form used to report distributions from annuities, profit-sharing plans, retirement plans, or insurance contracts.

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.

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

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 ...

IRS Form 5329 must be filed by taxpayers who may owe a penalty for breaking the rules regarding tax-advantaged retirement, education, and health savings accounts.

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 ...