Personal Finance
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Standard Deduction for Dependents: Rules and Strategies
When it comes to taxes, dependents can affect your return in ways many families don’t expect. Whether you’re claiming a…
Standard Deduction for Married Filing Separately: Tax planning
Deciding how to file your taxes as a married couple can have a meaningful impact on your return. Depending on…
Standard Deduction for a Widow Over 65: Rules and Strategies
The standard deduction for a widow over 65 can be higher than that of the average taxpayer. This has the…
When I Claim My $3,200 Social Security, Will My Wife Automatically Get a Spousal Benefit?
Spousal benefits are Social Security payments based on a spouse’s lifetime earnings record, and a spouse may receive up to…
What Is the Tax Rate on 401(k) Withdrawals After Age 65?
Reaching age 65 doesn’t automatically change how the IRS taxes your 401(k) withdrawals. Instead, it taxes distributions from a traditional…
Cross-Border Tax Accountant: Services and Examples
When your financial life involves more than one country, taxes can get complex. This is true for expats, dual citizens,…
Dependent Care FSA: High Income Earners
For high-income earners, balancing a demanding career with the rising costs of childcare can quickly become a financial juggling act.…
Do 401(k) Loans Show Up on Your Credit Report?
A 401(k) loan does not appear on your credit report because it isn’t considered a loan from a third-party lender.…
I Have $1.1 Million in My 401(k). What Should I Do With It When I Retire?
Leaving the workforce changes many aspects of your 401(k), and once you retire you will have to make a number…
Standard Deduction for Married Filing Jointly: Strategy and Examples
One of the biggest tax decisions that a couple can make is whether to take the standard deduction or itemize.…
