by lportee53 | Jul 24, 2024 | Taxation
Here are some examples of deductions from the IRS that were permitted and some that were, uh, too creative.
by lportee53 | Jun 12, 2024 | Taxation
IRA Withdrawals That Escape The 10% Tax Penalty The reason withdrawals from a Traditional Individual Retirement Account (IRA) prior to age 59½ are generally subject to a 10% tax penalty is that policymakers wanted to create a disincentive to use these savings for...
by cambridgesourcesites | Jun 15, 2023 | Retirement, Taxation
What role would taxes play in your investment decisions? Will you pay higher taxes in retirement? It’s possible. But that will largely depend on how you generate income. Will it be from working? Will it be from retirement plans? And if it does come from retirement...