Browsing: Taxes

Dear Penny, I will soon be 90 years old. My wife passed in 2017, and I inherited her IRA account. I now withdraw $1,200 every three…

Be careful of the bite of state taxes when doing a Roth Conversion. getty I love helping my clients maximize their tax-free retirement income streams. Converting…

Rubberball Productions | Brand X Pictures | Getty ImagesIt’s of course very difficult to lose your spouse — and some survivors may also have to deal…

Believe it or not, we are in the thick of tax season. Amid the flurry of tax forms flooding inboxes and mailboxes, you might wonder about…

Dear Penny, My father died in Texas and left me approximately $500,000 after settling the estate. I am a resident of Pennsylvania. Is there any way…

The first year of filing separately from your former spouse can feel especially daunting. With each … [+] passing year filing taxes will become much easier.getty…

Guido Mieth | Moment | Getty Images’Your IRA is an IOU to the IRS’Traditional IRAs are the oldest and most common type of IRA, owned by…

Did you know that under normal circumstances, you pay income taxes on canceled or forgiven student loan debt?  Even though you’re not seeing a SS Reader…

At the height of the COVID-19 pandemic, more than a million U.S. taxpayers had trouble filing their 2019 and 2020 tax returns on time. For starters,…

Freelancing certainly has its perks. Filing taxes is not one of them. Whether you’re considering making the leap into the world of freelancing or you’re already…