Required Minimum Distribution: How To Calculate Your RMD
When you turn 73, the IRS requires you to take required minimum distributions (RMDs) from certain retirement accounts. This guide will explain what RMDs are, how to calculate them, and the rules you need to follow to avoid penalties. Key Takeaways Starting at age 73, individuals...
Are Wedding Expenses Tax Deductible?
The information in this article is up to date for tax year 2025 (returns filed in 2026). Are wedding expenses tax deductible? Usually, they’re not. But, there are ways to claim deductions through charitable donations and certain venue choices. This guide explains how you might be...
How to Secure Your Bank Account from Hackers
Worried about hackers targeting your bank account? You’re not alone—and tax season is one of their favorite times to strike. Whether you're e-filing your return or checking your refund status, your financial data could be at risk if you’re not taking the right precautions. At...
ABLE Accounts: Tax-Free Savings for People with Disabilities
The information in this article is up to date for tax year 2025 (returns filed in 2026). ABLE accounts are savings accounts for people with disabilities that help them save money without losing federal benefits. Created by the 2014 Achieving a Better Life Experience (ABLE) Act,...
How Can I Make Money Online?
The internet has opened up countless opportunities for people to make money online, whether you're looking for a side hustle or a full-time remote gig. With low startup costs and flexible hours, it's no wonder that more Americans—especially first-time earners—are exploring ways to...
What Are the Hidden Costs of Homeownership?
For many first-time home buyers, purchasing a home is a major financial milestone. But while you may have budgeted for your mortgage, the true costs of homeownership go far beyond your monthly loan payment. In this guide, we cover the hidden and often unexpected costs that come with...
Are HOA Fees Tax Deductible?
Are HOA fees tax deductible? Typically, no. Most homeowners can’t deduct them. But, if you rent out your property or use part of it for business, there are exceptions. This article will explain these conditions and how to maximize your tax benefits. Key Takeaways HOA fees aren’t...
Estimated Tax Payments: When and How Much to Pay
The information in this article is up to date for tax year 2025 (returns filed in 2026). If you're self-employed, a freelancer, or earning income without tax withholding, making estimated tax payments is crucial to avoid IRS penalties. But figuring out when to pay and how much can...
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