09 Jul Do I owe taxes on a lump sum from unused paid time off?
Paid time off is considered supplemental income and is taxable. ...
Taxes
08 Jul Can I deduct funeral expenses for my mother?
If you paid out-of-pocket, these expenses are not deductible to you....
07 Jul Now that I’m working from home, can I deduct a home office?
There are strict rules surrounding deductions for work-related expenses. ...
06 Jul I’m getting a $50K inheritance. What taxes will be owed?
State inheritance taxes are based on the relationship between the heir and the deceased. ...
02 Jul Will mom have to pay taxes after a Roth IRA conversion?
A Roth conversion can cost you money now for tax-free income later. ...
29 Jun Is there a penalty if I use my IRA to buy a home?
If you're over 59 1/2, there's no penalty but there are taxes. ...
29 Jun I inherited an IRA from my spouse. Can I convert it to a Roth IRA?
Your options for converting an inherited IRA are limited. ...
25 Jun Will I face tax penalties if my pension loan becomes a withdrawal?
If you had a retirement plan loan, you have some options about paybacks. ...