Paying taxes

The new tax reform bill actually has some surprising benefits — especially when it comes to retirement planning.

With a tax-deferred account, you pay no taxes until you take a withdrawal. You can put time on your side by using long-term, tax-deferred investments.

No doubt, tax deductions are a nice thing. But watch this video and learn why they aren’t as terrific as many Americans imagine.

Failing to file and pay taxes is a federal offense, punishable by a hefty fine and even time in prison. If you have skipped filing in the past, or owe money on taxes from previous years, you will want to get up-to-date as soon as possible....

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Growing numbers of seniors are paying taxes on their Social Security benefits, but you might be able to avoid this fate.

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Concept of Paying Tax

They're hurdles you'll have to watch out for.

To achieve the most tax savings possible, it’s critical for freelancers and other self-employed people to remain on top of their taxes, including paying quarterly taxes. Even yet, there are instances when life interferes, and you can end up missing the deadline for submitting your taxes. You may question whether it’s possible to submit a tax extension application beyond the deadline in certain circumstances. Yes, in a nutshell, but there are several crucial considerations, such as...