Holding international stock funds in a taxable account gives you foreign tax credit, but claiming it on IRS Form 1116 has become too much hassle.
If you’re self-employed on ACA health insurance, TurboTax and H&R Block software may give wrong numbers for the subsidy. Use this calculator instead.
If you did an unplanned backdoor Roth, clean up and make it planned from now on.
You need some patience to find the right place in TurboTax for the $300/$600 charity donation deduction for 2021 when you take the standard deduction.
This article was inspired by a post made by Kevin M on the Bogleheads forum. You may have heard of this rule of thumb about retirement savings priorities: Contribute to 401k (or 403b) to get the full employer match Maximize Roth IRA Maximize 401k (or 403b) Invest in taxable account Kevin asked why a Roth […]
Most people are better off contributing to a traditional 401k, not a Roth 401k. Here’s why.
Although it sounds like more old school, the software you install on your own computer is actually both less expensive and more powerful.
Congress is considering banning backdoor Roth and mega backdoor Roth. Do these to catch the last opportunities in 2021 and 2022.
The IRS has new RMD tables effective January 1, 2022. See how much you are required to withdraw from your IRAs.
Use this calculator to see the marginal tax rate on Roth conversions and long-term capital gains when you also receive a subsidy on ACA health insurance.
Don’t jump through hoops to opt out of the 2021 Advance Child Tax Credit. You may miss out on tax benefits if you do. Do nothing and accept the money.
Filing the Form 5500-EZ for your solo 401k plan is super easy but you have to remember to file it. I use these the plan characteristics codes.