| Nico P. Saborse

Exploring Whether to Make Roth Contributions to Your 401(k)

A Roth option is now almost universally offered by 401(k) plans, according to the Plan Sponsor Council of America's 68th annual survey, which covers the 2024 plan year. If you participate in your employer's 401(k) and have access to this opportunity, don't sell it short. Roth contributions can provide significant benefits. And if you're age 50 or older and want to max out your contributions, a Roth 401(k) account might be your only option for part of them. Let's explore the details.

Tax and Financial Pointers When Retirement Is on the Horizon

Retiring soon is an exciting milestone and a time filled with important financial decisions....

What Parents Need to Know About the Kiddie Tax

If you're a parent of minor children or of one or more college students, you're likely thinking...

Deducting Personal Theft Losses Will Soon Get a Little Easier

If you're unlucky enough to suffer a personal theft loss, you may be entitled to a federal income...

Strategies for Saving: Year-End Tax Planning for Individuals

Year end is here, but there's still time for individual taxpayers to make moves to lower their 2025...

Seniors: 10 FAQs About Applying for Medicare

Medicare is a federal program that provides health insurance to Americans 65 and older, as well as...

How the QSB Stock Sale Rules Have Become More Favorable

Qualified small business (QSB) stock has received very favorable federal income tax treatment for...

IRS to Eliminate Paper Checks: What It Means for Taxpayers

A significant shift is underway in how the federal government will deliver some tax refunds and...

New Tax Law Includes Major Changes for Homeowners

Several provisions of the One, Big, Beautiful Bill Act (OBBBA), signed into law on July 4, will...

Act Soon: EV and Homeowner Tax Credits Ending After 2025 Under Proposed Law

The U.S. House of Representatives recently passed a sweeping tax and spending measure, dubbed "The...