Your tax-filing options explained.Fidelity Smart Money Key takeaways Options for filing taxes include getting free help from the IRS, paying for tax software, or hiring a pro. Whether you go solo or with a tax pro, the IRS says you'll get a refund faster (if you're owed one) by ...
Are ETFs tax-efficient? What are the tax implications for married couples filing taxes jointly? What are the tax advantages of a Roth IRA? Discover tax topics When to file taxes yourself or get help You can do it yourself, get free help from the IRS, pay for tax software, or hire a ...
There's some good news on the horizon. Employer matches, tax credits, and state rebates could potentially lead to more money in your pocket next year. Here's a look at free money—and employer benefits that are like free money—that you could be entitled to in 2025. Feed your brain. ...
Tax-free gifting strategies: Start here The annual gift tax exclusion For 2025, the Internal Revenue Service (IRS) allows individuals to make gifts of up to $19,000 per year to an unlimited number of individuals, with no federal gift or estate tax consequences. A spouse can give the same...
Tax Day is right around the corner—on April 15, 2025 for most filers. Here are some hacks to get ready: Consider using the IRS Free FileOpens in a new window if your adjusted gross income for 2023 was $79,000 or less. The guided software does the hard work for free for federal re...
When you submit your legitimate tax return, it is rejected because the IRS has already processed a return with your Social Security number. In some cases, you may receive a notice prior to filing your return that the IRS has received a suspicious return using your identity. To protect ...
Here's a quick overview: A Roth IRA lets you contribute after-tax money and receive federal tax-free distributions on earnings after age 59½ if withdrawals are made after a 5-year period, beginning with the first taxable year after which a contribution to the Roth IRA occurs.29 But you...
Best Tax-Free Muni Bond Funds Municipal bond funds can provide exemptions from federal and, in some cases, state taxes. Tony DongFeb. 25, 2025 Top T. Rowe Price Funds for Retirement Found in many 401(k) plans, T. Rowe Price funds offer choices for various retirement goals. Kate Stalter...
1. Plan for federal-income-tax-free withdrawals Qualified withdrawals are federal income tax-free so long as the total withdrawals for the year don't exceed your child's adjusted qualified higher education expenses (QHEEs), discussed in #3 below. To calculate these, add up tuition and fees,...
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