High taxes when you’re working doesn’t mean high taxes when you stop. California may very well be a retiree-friendly low-tax state.
2020 2021 401k 403b 457 TSP IRA FSA HSA Contribution Limits
Most of the 401k/403b/457 and IRA contribution limits will stay the same in 2021. Some of the income limits will increase slightly.
Rollover a 529 Account From One Plan To Another
Rolling over a 529 account from one plan to another is very simple, but first find out whether your state will claw back previous state income tax benefits.
401(a) Plan Contribution Limit
A 401(a) plan allows additional contributions on top of 401(k), 403(b), and 457 plans.
Learn More About Taxes: Online Courses, Classroom, Books
Whichever learning style suits you, learning more about taxes will help you save money in the long run.
Paying Taxes On Your Own: Amount, Timing, and Mechanics
Paying estimated taxes based on previous year’s tax is the easiest. Estimate your income and taxes only when you have a large drop in income.
How To File EITC and Child Tax Credit For Free: TurboTax Edition
Stop paying $200 to file your taxes just to receive Earned Income Tax Credit and Child Tax Credit. Here’s how to do it for free with TurboTax.
Receive EITC, Contribute to Traditional 401k Not Roth 401k
If you receive EITC or the ACA subsidy, you should contribute to the Traditional 401k, not to the Roth 401k.
Tax Software: Buy the Download, Not the Online Service
Although it sounds like more old school, the software you install on your own computer is actually both less expensive and more powerful.
California and New Jersey HSA Tax Return Special Considerations
When you are a resident of California or New Jersey, having an HSA and especially investing in the HSA require extra tax reporting. Here’s how to do it.
Tax Calculator With ACA Health Insurance Subsidy
This calculator shows the effect on ACA subsidy when you convert to Roth or when you realize long-term capital gains.
2018 HSA Family Coverage $6,900 OK After All
The IRS gave taxpayers flexibility in treating the 2018 HSA contribution limit for family coverage as $6,900 or $6,850.