Oct 1, 2026 | Personal Financial Planning, Tax News
The IRS has recently issued guidance on third-party authorizations. In short, who can get into your tax account? First, understand that there are different types of third-party authorizations with specific roles assigned. Additionally, taxpayers who want to have a...
Sep 24, 2026 | Personal Financial Planning, Tax News
An individual retirement account is a tax-advantaged account designed to help you save for retirement. The two most common types — traditional and Roth — differ mainly in when you pay income taxes. With a traditional IRA, your contributions may reduce your taxable...
Sep 22, 2026 | Personal Financial Planning, Tax News
Section 529 plans are sponsored by states or educational institutions. They were originally designed to cover college costs, but their use has expanded to include postsecondary education, K-12 tuition (up to $10,000 per year), apprenticeships and credentialing...
Sep 8, 2026 | Personal Financial Planning, Tax News
If you are behind on your taxes and cannot afford to pay the full amount owed, an offer in compromise may be an option. The IRS may accept an offer in several situations. It may determine that collecting the full tax liability is unlikely, even with additional time....
Aug 20, 2026 | Personal Financial Planning, Tax News
It’s halfway through the year, which is a great time for taxpayers to do a quick check to make sure they’re on a smooth track for the April 15 tax filing season, advises the IRS. It’s posted the following tips: Keep good tax records. Taxpayers should keep all...
Aug 18, 2026 | Personal Financial Planning, Tax News
Health savings accounts provide employees with a smart way to save for medical expenses, even into retirement. Their triple tax benefit comes from their structure: contributions are made pretax, the money grows tax-free and withdrawals for qualified medical expenses...
