Retirement Tax Tips

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Recent Articles

What Is the Savers Credit?
The Savers Credit gives a special tax break to low- and moderate-income taxpayers who are saving for retirement. Read more…

The Golden Years Guide to Tax-Free Retirement
The earlier you begin socking away savings, the much better off you'll be in your "golden years." By using some tax tips, you can end up paying little or no taxes after you retire. Read more…

Tax Strategies for an Early Retirement
Retirement. The word sounds so good to so many people because of what it implies: a life of leisure, free of the daily grind of workdays that last at least eight or nine hours and as many as 10 or 12 if you are unlucky. But there is one thing from which even retirement does not excuse you: paying taxes. Read more…

Guide to Schedule R: Tax Credit for Elderly or Disabled
The Internal Revenue Service extends a special credit to older taxpayers called the Credit for the Elderly or the Disabled. This tax break allows individuals and couples to reduce the amount of their income tax by their allowable credit. While a taxpayer may qualify for a larger credit under this provision, the IRS limits the allowable credit to the amount of income tax due. If your credit exceeds your income tax, you will not be able to receive the excess credit as a refund. Read more…

When to Use Tax Form 1099-R: Distributions From Pensions, Annuities, Retirement, etc.
You should receive a copy of Form 1099-R, or some variation, if you received a distribution of $10 or more from your retirement plan. Read more…


More Retirement Articles

Video: Do Social Security Income Recipients Pay Income Taxes? Video: Can Disability Beneficiaries File for Taxes? Tax Tips After You Retire Video: Tax Tips for Retirees Tax Tips for Retirement When Does a Senior Citizen on Social Security Stop Filing Taxes? Boost Your Retirement Savings Are 403(b) Contributions Tax Deductible?

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