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

A new tax break aimed at seniors may lighten the load on retirees’ Social Security income, but it’s not as sweeping or ...

As an eBay seller, you receive payments for your goods and services through eBay. As an online marketplace, eBay is required to send a 1099-K tax form detailing these payments to the IRS and to you if ...

Generation X is nearing retirement but has faced saving and investing challenges for years. They may feel unprepared financially but they still have time and options.

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

How some older adults could see federal income tax savings of $480 or more from a new senior "bonus" tax deduction, if it's ...

Avoid costly tax mistakes with your IRA. Learn how skipping IRS Form 8606 cost one investor $50,000—and how you can protect ...

Retirement account distributions aren't most people's sole source of income in retirement, though. For Social Security benefits, there's good news too! Most states don't tax this income, even if ...

OPM can withhold state taxes for states with agreements, but you must include your state-specific form or use OPM’s online service center to request state tax withholding after your pension has ...

April 15, dubbed Tax Day, is usually when income tax returns are due. Already, many people dread it, but for new retirees, Tax Day can feel even worse.

While the state does tax other forms of retirement income, such as pension income and retirement savings accounts, it also allows a deduction of $6,000 for single filers and $12,000 for joint ...