Personal Finance
Imagine a retirement where you never worry about running out of money. No more fretting over market fluctuations or questioning if your savings will last. Income annuities are often hailed as the solution to longevity risk — that is, the risk of outliving your money. They allow you to swap…
An inheritance can offer helpful financial support, but it may also come with tax considerations. The taxes you might owe depend on the type of asset, federal and state laws, and the size of the inheritance. Most estates are not subject to federal estate tax because of the high exemption…
In the news The massive tax megabill that was signed into law in July included two changes to the charitable contribution tax deduction. These changes go into effect for the 2026 tax year. There’s a new tax deduction for charitable donations in 2026: You’ll be able to claim up to…
Understanding what counts as taxable income and what does not can significantly impact your financial planning and tax obligations. The IRS has specific guidelines about examples of taxable and nontaxable income that every taxpayer should know. While most money you earn is subject to taxation — like wages, salaries, bonuses…
The house always wins in gambling, and soon it could feel like Uncle Sam does too. That’s because gamblers face what amounts to a tax hike beginning in 2026: They’ll no longer be able to deduct the full amount of their wagering losses. New rules included in the massive tax…
When tax season rolls around, homeowners often wonder if property taxes are deductible on their tax returns. The answer is yes—you can deduct property taxes on your tax return. In fact, property tax deductions remain one of the valuable benefits of homeownership under current tax law. These deductions allow you…
Asier Romero / Shutterstock.comWhat happens to your old toothbrush when it’s ready to be put to pasture? The American Dental Association suggests replacing your toothbrush every three or four months, or sooner if the bristles start looking frayed. And if you’ve had a cold or the flu, the University of…
Filing an extension can give you extra time to complete your tax return, typically pushing the deadline from April to October. But what happens if you file an extension but owe money? Filing an extension does not give you extra time to pay any taxes owed. If you may owe…
Key takeaways Dealership car loans offer convenience, but you’ll likely find better deals on interest rates by getting a loan from a bank, credit union or online lender. To secure the best auto loan rate, whether at the dealership or elsewhere, it is essential to arrange financing before visiting the…
Filing a state tax extension can provide extra time to prepare and submit your state tax return if you miss the original deadline. While the IRS offers a fairly uniform process for federal tax extensions, the rules for state tax extensions vary widely. Some states automatically grant an extension if…
