Roth IRA

Walter F. Pardo, CEO of Wealth Financial Partners, LLC completed his semiannual training with America’s IRA Experts at Ed Slott and Company, LLC by participating in a virtual workshop April 29-30, 2021. The invite-only workshop was attended by members of Ed Slott’s Master Elite IRA Advisor GroupSM; it provided in-depth technical training on advanced retirement account planning … [Read more...] about Local Wealth Advisor Completes Advanced Virtual Training from America’s IRA Experts at Ed Slott and Company, LLC

The Saver's Credit in actionLet's say you're a single filer who earned $19,000 for the year. Most of your earnings consisted of brand ambassador work that was not taxed throughout the year so you're stuck with a $1,000 tax bill. Instead of worrying about how you're going to pay that off, the Saver's Credit could be added to your tax return to save the day.If you contribute … [Read more...] about Surprise! Your Roth IRA Savings Could Grant You a Tax Credit | Personal Finance

(Photo: Shutterstock) Oregon is among the first states to implement automatic IRAs for private sector workers who don’t have access to a workplace retirement plan. It’s program, OregonSaves, is a Roth IRA that automatically enrolls workers, who may choose to opt out, withdraw prior contributions, or change their contribution amount at any time. As of the end of 2019, … [Read more...] about Most employers report no extra costs with OregonSaves program

NEW JERSEY - The Internal Revenue Service (IRS) extended the deadline to file 2020 federal tax returns to Monday, May 17 to give individual filers, tax preparers and the IRS itself more time to sort through the many changes affecting one's 2020 taxes from the latest Covid-19 relief package. New Jersey also extended the deadline to May 17 as well. Since today is the final day to … [Read more...] about Today is the Last Day to File Your Taxes. Here’s What You Need to Know.

(CNN) — Okay, last call. Monday, May 17, is the official deadline for individuals to file their 2020 federal tax return, and in most instances their state tax return, too. It’s a month later than usual, thanks to the pandemic.READ MORE: Masks No Longer Required For Vaccinated Staff, Visitors At Westmoreland Co. Courthouse But the filing deadline’s not the only thing that’s … [Read more...] about Tax Day Is Monday. Here’s Everything You Need To Know About Filing Your 2020 Taxes – CBS Pittsburgh

Today is the official deadline for individuals to file their 2020 federal tax return, and in most instances their state tax return, too.It's a month later than usual, thanks to the pandemic. But the filing deadline's not the only thing that's changed. Many of the upheavals over the past year have caused other changes to your taxes. Due to the Covid crisis, there are plenty of … [Read more...] about LAST CALL: Tax Day is today. Here’s everything you need to know about filing your 2020 taxes | News Headlines

As we reach the end of this year's tax filing season, make sure you haven't overlooked one of the best ways to cut your tax bill and secure your future — funding a traditional IRA. (There is no upfront tax break for funding a Roth IRA.)You can make an IRA contribution for the 2020 tax year up until the tax return filing deadline, which is May 17 this year. That means you only … [Read more...] about Today is the Last Day to Fund Your IRA and Cut Your Taxes

There is no doubt that the Roth individual retirement account is becoming one of the most popular accounts on the retirement scene. It's been around for over two decades, mesmerizing investors with its tax-free income opportunities and flexible withdrawal rules.  But here's the perk that makes the Roth IRA extra special: no age requirements. This is a big deal because most … [Read more...] about This Overlooked Roth IRA Benefit Could Help Your Kids Retire Rich

News and research before you hear about it on CNBC and others. Claim your 1-week free trial to StreetInsider Premium here. Wolters Kluwer Tax & Accounting highlights tax benefits and issues that parents should explore when welcoming a new family member Wolters Kluwer Tax & Accounting: What: Welcoming a new child into a family can be very fulfilling and rewarding, … [Read more...] about A new bundle of joy also comes with a bundle of tax benefits

Time is running out if you haven't filed your 2020 federal tax return yet. While this year's "Tax Day" was pushed back from April 15 to May 17 to give people more time to file a Form 1040, the day of reckoning is almost here. But filing your federal tax return isn't the only thing you should be thinking about on May 17 – tomorrow is an important date on this year's tax calendar … [Read more...] about 9 Tax Deadlines for May 17 (Tomorrow Isn’t Just the Due Date for Your Tax Return)