How Paying Attention to Detail Saves Your Finances

They say the devil is in the details. When it comes to your finances, this can certainly be true. Each day, we have the potential to lose money simply because we aren’t paying attention. We pay too much for items because we don’t notice how much they cost. We lose money in fees or other … Read moreHow Paying Attention to Detail Saves Your Finances

4 Big Tax Deductions You Almost Surely Won’t Claim for 2018

A lot of federal income tax deductions will be out of reach for millions of taxpayers next year. In some cases, it’s because the recent tax code overhaul ended, suspended or limited the deductions effective in tax year 2018 — the return you will file by next April. In other cases, it will not be … Read more4 Big Tax Deductions You Almost Surely Won’t Claim for 2018

Do Seniors Still Get an Extra Tax Deduction?

Welcome to your “2-Minute Money Manager,” a short video feature answering money questions submitted by readers and viewers. Today’s question is about how last year’s tax reform will affect an old tax deduction: the extra personal exemption we all get when we turn 65. If you’re a senior, here’s some good news, along with some … Read moreDo Seniors Still Get an Extra Tax Deduction?

2-Minute Money Manager: Do Seniors Still Get an Extra Tax Deduction?

Welcome to your “2-Minute Money Manager,” a short video feature answering money questions submitted by readers and viewers. Today’s question is about how last year’s tax reform will affect an old tax deduction: the extra personal exemption we all get when we turn 65. If you’re a senior, here’s some good news, along with some … Read more2-Minute Money Manager: Do Seniors Still Get an Extra Tax Deduction?

Millions of Households Might Face a Costly Surprise at Tax Time

The IRS issued a series of warnings over the past week, urging both workers and retirees to check their federal income tax withholding to avoid a surprise tax bill or penalty come April. The warnings follow the release of a U.S. Government Accountability Office (GAO) analysis that found 21 percent of taxpayers will end up … Read moreMillions of Households Might Face a Costly Surprise at Tax Time