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Donating by transferring money directly from an IRA to charity can lower your tax bill whether you file an itemized tax return or not.
See More On: Tax Planning
Singles don't have to pay taxes on up to $250,000 in profits on the sale of their home, and couples can shelter twice that amount from taxes. But even if the gain is much higher, there are ways for home sellers to minimize the tax bite.
When searching for a 529 college-savings plan for a grandchild, first check whether your state offers a tax break for your contributions.
See More On: 529 Plans
The tax deadline is just days away, but you still have time to reduce your tax bill or help a young worker get a jump-start on saving for retirement if you contribute to these five tax-friendly accounts.
See More On: Tax Planning | Tax Breaks | Tax Prep & Filing
As much as 85% of your Social Security benefits could be taxable if you have other sources of income, such as earnings from work or withdrawals from tax-deferred retirement accounts.
See More On: Social Security | Tax Planning
Even if you have a qualified health insurance policy only for a few months out of the year, you can still make a tax-deductible contribution to a health savings account.
See More On: Health Care & Insurance
Many records are no longer needed three years after filing your tax return, but you may have to keep documents involving the purchase of a house or investments for years longer.
See More On: Tax Planning | Tax Prep & Filing
You can still recharacterize a Roth contribution and move the money to a traditional IRA.
See More On: Roth IRAs | IRAs
If you (or your teenager) often drop or misplace your cell phone, it may be worth it to buy coverage along with the phone.
See More On: Smart Buying | Technology
Usually, you can wait until April 1 to take your first RMD. But the deadline falls on a holiday weekend this year, so you'll need to act sooner.
See More On: Required Minimum Distributions (RMDs)
It's not too early for kids with part-time or summer jobs to contribute to a Roth IRA. Even a small investment now can turn today's teen into a millionaire by retirement.
See More On: Roth IRAs
In April, Medicare will start mailing new cards that don't disclose Social Security numbers. But the rollout will take a year.
See More On: Medicare
If leaving a job means losing your health insurance, you can get coverage through a government health care exchange or another insurer, or you can stick with your employer's plan for up to 18 months.
See More On: Health Care & Insurance | Careers
Why you might want to hold on to that account.
See More On: Credit Reports & Scores | Credit Cards
Using a new measure of inflation, the IRS has reduced the amount that people with family medical coverage can contribute to a health savings account in 2018.
How you can use the money at colleges in the plan, and even at those who aren't.
See More On: Paying for College | 529 Plans
Home-sharing services and your homeowners policy may cover liability and damages by tenants, but the insurance may fall short.
See More On: Home Insurance | Family Finances