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Latest Personal Finance News

Refundable Tax Credit: Explanation, Eligibility, Benefits

Tax credits reduce the amount you owe to the IRS, but not all tax credits work the same way. A…

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Can 401(k) Participants Also Make SEP IRA Contributions?

Many people who contribute to a 401(k) wonder if they can also make SEP IRA contributions. The answer depends on…

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Nonrefundable Tax Credit: Definition, Types, Examples

A nonrefundable tax credit can lower what you owe to the IRS, sometimes substantially but only to a point. Unlike…

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What Is Earned Income? Examples and How to Calculate

When it comes to taxes and financial planning, you need to know the IRS has different rules for different types…

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How Much Should I Have in My 403(b) to Retire?

Wondering how much you should have in your 403(b) to retire comfortably? It’s a common question for educators, healthcare workers…

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2025 Corporate Tax Rates and Brackets By State

Corporate income taxes vary widely across the U.S. Some states impose flat rates, while others apply graduated brackets based on…

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Rule of 110: How to Calculate and Examples

When building an investment strategy, your asset allocation is one of the most important decisions you will make. The Rule…

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Roth IRA vs. Index Fund: What’s the Difference?

The comparison between a Roth IRA and an index fund often mixes structure with strategy—one is a retirement account, the…

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What Is the Typical Wage Replacement Rate?

A key question in retirement planning is how much of your income you’ll need to replace once you stop working.…

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Is $4 Million Enough to Retire at 60?

If you have $4 million saved for retirement, you have significantly more than the average American household. But is $4…

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