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Placing money into any type of retirement account is a smart financial decision—both for your future financial security and for immediate or future tax benefits. However, once you place money into these accounts, the funds are expected to stay there until you reach retirement age, which the IRS defi...
With a New Year upon us, it’s time to start thinking about filing your tax return. But tax season isn’t until April, right? In reality, tax season officially begins on January 24th this year, and it can be beneficial to start gathering your tax documents even sooner. Keep reading to learn which...
If you filed for an extension on your tax return in the spring, your new deadline is approaching quickly. Filing a tax extension provides you with an additional six months to prepare and file your return, but if that time has passed more quickly than you anticipated, you’re not alone. Many taxpayers...
Many people get into the spirit of giving during the holiday season and make donations to various organizations and causes at this time of year. While acts of charity are their own reward, it doesn’t hurt to get a tax deduction for your donations as well. But how can you ensure that your holiday don...
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