Take Advantage of Two Education Tax Credits

The American Opportunity credit covers up to $2,500 of undergraduate costsIn 2009, Congress replaced the well-known Hope Scholarship credit with the more generous American Opportunity credit. TurboTax Live experts look out for you. Expert help your way: get help as you go, or hand your taxes off. You can talk live to tax experts online… Continue reading Take Advantage of Two Education Tax Credits

What Is a W-4 Form?

In most cases, if you earn money, the IRS expects you to pay taxes on it. Some types of income are specifically excluded from taxation, but when you work as an employee and earn above certain amounts, you’ll almost certainly need to pay taxes on your earnings to the federal government. TurboTax Live experts look… Continue reading What Is a W-4 Form?

Tips for Taxpayers Who Requested an Extension

Retirement Daily’s Robert Powell caught up with Jeffrey Levine, CPA and tax pro from Buckingham Strategic Wealth Partners to provide some tips for taxpayers who requested an extension to file their 2021 tax return. TurboTax Live experts look out for you. Expert help your way: get help as you go, or hand your taxes off. You… Continue reading Tips for Taxpayers Who Requested an Extension

These Are the Five Worst Jobs in America

If you’re stuck in a no-win, unfulfilling job, you might be wondering how you got there. The fact is, lousy jobs tend to share the same features and characteristics, and they’re all on the negative side of the ledger. Fortunately, career specialists are on the case, gathering the data needed to properly evaluate what truly… Continue reading These Are the Five Worst Jobs in America

What Is Form 5329: Additional Taxes on Qualified Retirement Plans?

We all know we need to save for the future, but what happens if you contribute more than the annual limit to your retirement or health savings account (HSA)? What happens if you need to take the money out of an IRA before you reach retirement age, or you take money from a 529 plan… Continue reading What Is Form 5329: Additional Taxes on Qualified Retirement Plans?

Inflation Is Making These Items More Expensive; Here’s How Much Prices Have Risen

Imagine how you would feel if your employer cut your pay by $6,800 a year. You would probably immediately look for ways to cut back expenses, and you might find the choices difficult—maybe you can live without cable TV or eating at restaurants, but for some people, the choice may come down to eliminating essentials… Continue reading Inflation Is Making These Items More Expensive; Here’s How Much Prices Have Risen