Most high-earning employees will now need to funnel their catch-up contributions into an after-tax Roth account.

If you must report distributions from a variety of retirement plans, investments, and accounts, the IRS has provided a head start by issuing the 2026 instructions for Forms 1099-R and 5498.

Keeping MAGI below $80,160 (400% of FPL) is critical because exceeding it by even $1 eliminates ACA subsidies entirely for a retiring couple. Spending Roth IRA and taxable basis dollars first keeps ...

This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them. "When you owe the government money, they’re not very ...

A smart Roth conversion strategy reduces future taxes, protects a surviving spouse and avoids Medicare premium surcharges.

Every tax form that arrives in your mailbox or brokerage account inbox between January and mid-February tells the IRS a story about your money. Fidelity Investments just published a detailed breakdown ...

Every tax form is reported to the IRS, and mismatches can trigger audits or penalties. Key forms include W-2, multiple 1099s, 1099-R, and the new 1099-DA for crypto. One of the best ways to avoid an ...

SAN FRANCISCO (KGO) -- The clock is ticking to file your taxes, and if you have some last-minute questions, 7 On Your Side may have some last-minute answers. On Wednesday, 7 On Your Side and a team of ...

The SECURE Act 2.0 significantly changed the retirement planning landscape—creating both new options and new complications. One often-overlooked change involves a new rule that allows employees to ...

A Form 1099-R reported income you never actually received, and the IRS now expects you to pay taxes on it. You did not take a distribution from your retirement plan, and you did not roll anything over ...

Many clients consider multiple strategies for their charitable giving, but one underappreciated strategy might minimize income tax and maximize value for public charities. A qualified charitable ...