As the largest wealth transfer in American history accelerates, many heirs stand to inherit more than just assets, they may ...

I was the beneficiary of my late wife’s IRA and 401 (k) — but I want our kids to get the cash. Do I still have to take ...

You spend decades of your life stashing away money into retirement accounts. But one day, that switch flips, and you go from ...

There is a key change for inherited IRAs for 2025. Here's what beneficiaries need to know before year-end to avoid an IRS ...

Most people 73 and older have to take their RMDs by Dec. 31, 2025. Failing to take your RMDs can result in a 25% penalty on the amount you should've withdrawn. You can aggregate RMDs from IRAs, but ...

A retirement account is a great place to stash cash during your working career. If you put away enough money, you might even be able to retire early. However, once you turn 73 (or 75 if you were born ...

Turning 73 in 2025: For the first year you're subject to RMDs only, you can wait until April 1 of the following years to take your RMD. However, if you do this, you'll have to take two RMDs in 2026 -- ...

The easiest way for Stan to manage this situation may be to roll his late wife’s 401 (k) and Roth IRA investments into his ...

The IRS’s increased documentation requirements for Sec. 41 claims require taxpayers to specifically identify applicable business components and their costs and why their development is qualified ...

The Internal Revenue Service (IRS) is introducing a new form, Schedule 1-A, to streamline the process of claiming deductions for tips, overtime, auto loan interest, and senior benefits. This ...

The 2025 income limit for the tax credit for lower-income workers who save for retirement will increase slightly to $39,500 for individuals. The IRS published a draft of the 2025 version of Form 8880, ...