3 ways to handle unexpected tax situations
Surprise tax bill? Check your withholding. (FreezeFrameStudio/Getty Images) Q: I was appalled to discover that I owed money to the IRS when I filed my 2020 tax return, despite following...
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How to divide retirement accounts in a divorce
Divorce can look a bit different for older couples. They generally don't need to worry about child support or custody of young children. But splitting the retirement assets they jointly...
Family finances: Charitable givers get special relief in 2020
Taxpayers who want to ramp up their charitable giving in December have two new tax breaks. These measures, which apply only for 2020, were enacted to help blunt the impact...
Now’s the time for estate tax planning
This year is an opportune time to consider succession and wealth planning. One reason is the federal estate and gift tax exemption is at a historic high of $11,580,000 in...
Is your retirement venture a hobby or a business?
Retirement may finally give you the free time you need to pursue your passions. But whether your pursuit is in the form of a business or a hobby makes a...
How to offset losses from natural disasters
Whether you retire to the coast or stay put in a city, you could end up in the path of a natural disaster. If you suffer property damage from such...