With taxes, it can pay to keep things simple. These 5 tax deductions let you trim your tax bill without itemizing.

Health savings accounts can be a valuable tool for covering medical expenses and saving for the future — but understanding ...

or any other tax-advantaged plans such as the Health Savings Account (HSA) and the Coverdell Education Savings Account (ESA). Common triggers for Form 5329 include taking an early distribution to a ...

Maximize your tax refund with strategies like adjusting your withholding, contributing to retirement accounts, taking ...

Health savings accounts can be valuable components of individuals’ savings toolkits, especially for those who can afford to pay their actual healthcare expenses out of pocket while leaving their healt ...

For any tax year where you earn $10 or more, your bank will usually send a Form 1099-INT or 1099-OID to you — and to the IRS. That means even if you don't report the interest, the IRS will still ...

The traditional and Roth IRA contribution limits for tax year 2024 are $7,000 total among all your accounts. To help Americans who are behind in their retirement savings, employees 50 or older can ...

Lee Huffman spent 18 years as a financial planner and corporate finance manager before quitting his corporate job to write full-time in 2018. He has been writing about early retirement, credit ...

It's the most common form of consumer bankruptcy and is usually ... "unforgivable debt" includes student loans, taxes, alimony and child support.) In this scenario, your bankruptcy filing would ...

As with any information submitted on a tax form, it’s wise to keep receipts ... A diligent saver who leaves money in a health savings account for decades can become a millionaire.